If they sell my parents’ home and pay off all debts, does any leftover money get distributed under my dad’s will?

If they sell my parents’ home and pay off all debts, does any leftover money get distributed under my dad’s will? — North Carolina Short Answer Usually yes. In North Carolina, after a court-authorized or will-authorized sale of estate real estate, liens and allowed claims get paid first. The remaining net proceeds are then distributed…

What is the process for a partition action when one co-owner has been adjudicated incompetent and has a court-appointed guardian in North Carolina?

What is the process for a partition action when one co-owner has been adjudicated incompetent and has a court-appointed guardian in North Carolina? Short Answer In North Carolina, a partition case is filed as a special proceeding in the county where the land sits. If a co-owner has been adjudicated incompetent, their court‑appointed guardian (of…

What steps do I need to take to buy out my siblings’ interests in our co-owned property so I can retain the home?: North Carolina Partition Action

What steps do I need to take to buy out my siblings’ interests in our co-owned property so I can retain the home? — North Carolina Short Answer In North Carolina, you can buy out your siblings by agreement or, if they refuse, through a court-supervised partition proceeding. The simplest path is a voluntary buyout:…

What is the process for distributing the remaining estate funds to the decedent’s children after all taxes, claims, and expenses are settled?

What is the process for distributing the remaining estate funds to the decedent’s children after all taxes, claims, and expenses are settled? — North Carolina Short Answer In North Carolina, the personal representative distributes what’s left either under the will or, if there’s no will, under the Intestate Succession Act. Before distributing to children, the…