Can I ask the court to appoint me administrator when a next-of-kin refuses to renounce their rights?: North Carolina

Can I ask the court to appoint me administrator when a next-of-kin refuses to renounce their rights? – North Carolina Short Answer Yes. In North Carolina, if a higher‑priority next‑of‑kin won’t renounce or can’t be located, you can ask the Clerk of Superior Court to proceed by “implied renunciation.” After 30 days from death, the…

Can I protect my house from foreclosure when I co-signed a HELOC and the estate owes more than its value?: Practical options for a North Carolina executor and co-signer

Can I protect my house from foreclosure when I co-signed a HELOC and the estate owes more than its value? – North Carolina Short Answer In North Carolina, the lender’s lien on the decedent’s house remains and can be enforced regardless of the estate’s insolvency. As co-signer, you are personally liable for any deficiency if…

Do I need to petition for insolvency or bankruptcy for the estate if liabilities exceed assets?: North Carolina

Do I need to petition for insolvency or bankruptcy for the estate if liabilities exceed assets? – North Carolina Short Answer In North Carolina, you do not file “bankruptcy” for a decedent’s estate and you do not need a separate petition to declare an estate insolvent. Instead, the personal representative administers the estate as insolvent:…

How do I collect my spouse’s personal injury settlement through estate administration?

How do I collect my spouse’s personal injury settlement through estate administration? – North Carolina Short Answer In North Carolina, only a court‑appointed personal representative (PR) can receive and distribute a decedent’s personal injury or wrongful death settlement. The surviving spouse usually has first priority to serve as PR, but you must open an intestate…