How can I recover a deceased parent’s retirement account and address non-probate assets in North Carolina?

FAQ: How can I recover a deceased parent’s retirement account and address non-probate assets in North Carolina? 1. How do beneficiary designations affect my ability to recover a parent’s retirement account? In North Carolina, retirement plans such as 401(k)s typically pass by beneficiary designation rather than through probate. Even if your loved one signs a…

Why does E-Trade demand my SSN for estate account transfer and what are my brokerage options in NC?

Common Questions About Transferring an Estate Brokerage Account in North Carolina 1. Why does my brokerage firm require my Social Security number to transfer estate assets? Many financial institutions treat probate account transfers like a gated entry. Even though North Carolina law requires you to present a certified Letter of Administration, firms often layer on…