What do we need to do to ensure outstanding credit card and real estate tax claims are paid off at closing so the buyer gets clear title?: Practical steps for North Carolina probate home sales

What do we need to do to ensure outstanding credit card and real estate tax claims are paid off at closing so the buyer gets clear title? – North Carolina Short Answer In North Carolina, the personal representative (administrator) must either have legal authority to sell or must join the heirs’ deed so the closing…

Can she claim reimbursement for home improvements and other estate expenses if the will is overturned?

Can she claim reimbursement for home improvements and other estate expenses if the will is overturned? – North Carolina Short Answer Yes—under North Carolina law, necessary and reasonable expenses of administering the estate can be reimbursed even if the will is later set aside. While a caveat is pending, the personal representative may not distribute…

Am I required to distribute wrongful death proceeds according to intestate succession even though there is a will?: North Carolina

Am I required to distribute wrongful death proceeds according to intestate succession even though there is a will? – North Carolina Short Answer Yes. In North Carolina, wrongful death proceeds are not estate assets and do not pass under the will. After paying limited, statutorily allowed expenses and liens, the balance must be distributed to…

What documentation does a bank require to verify a decedent’s identity and balance?: North Carolina probate

What documentation does a bank require to verify a decedent’s identity and balance? – North Carolina Short Answer In North Carolina, banks typically need a certified death certificate and proof of your legal authority over the estate before they will discuss a decedent’s accounts or provide balances. That proof is usually Letters Testamentary or Letters…