What happens to my purchase contract if the estate process takes longer than expected? nc

What happens to my purchase contract if the estate process takes longer than expected? – North Carolina Short Answer In North Carolina, a delayed estate administration does not automatically cancel a real estate purchase contract. What happens next usually depends on the contract’s closing date language (including any extensions), whether the seller side can deliver…

How do I figure out who has the right to handle the estate if there’s a surviving spouse who is incapacitated or moving into a nursing facility? nc

How do I figure out who has the right to handle the estate if there’s a surviving spouse who is incapacitated or moving into a nursing facility? – North Carolina Short Answer In North Carolina, the person with the right to handle an estate is the person the Clerk of Superior Court appoints as the…

How do I get copies of any 1099 forms issued for a deceased person’s retirement plan account during probate? nc

How do I get copies of any 1099 forms issued for a deceased person’s retirement plan account during probate? – North Carolina Short Answer In North Carolina probate, the cleanest way to obtain copies of any 1099s issued for a deceased person’s retirement plan account is for the court-appointed personal representative (executor/administrator) to request them…

What is a letter of authorization used for during the process of handling a deceased parent’s affairs? nc

What is a letter of authorization used for during the process of handling a deceased parent’s affairs? – North Carolina Short Answer In North Carolina probate matters, a “letter of authorization” is commonly used to let a third party (like a bank, insurer, employer, or other institution) share information about a deceased parent’s accounts with…