How are sale proceeds and individual reimbursements handled and distributed in a North Carolina special proceeding on co-owned estate property?

FAQ 1: How Are Sale Proceeds and Individual Reimbursements Handled in a North Carolina Special Proceeding on Co-Owned Estate Real Property? When heirs jointly own real property and file a special proceeding under North Carolina law, the clerk of superior court orders sale of the real estate and holds proceeds in escrow. Before dividing those…

How do I obtain proof of death to open a North Carolina intestate estate when the death certificate is missing?

FAQ #1: What Proof of Death Is Required to Open an Intestate Estate in North Carolina—and What If I Can’t Locate a Death Certificate? To begin probate in North Carolina—be it Wake, Mecklenburg, Buncombe or any other county—you must prove the decedent has died. North Carolina General Statute § 28A-2-4(b)(G.S. 28A-2-4) requires that your petition…

Why should a personal representative transfer estate funds into a client trust account before final distribution in Wake County, NC?

FAQ 1: Why should my personal representative transfer estate funds into our law firm’s trust account before distribution in Wake County, NC? Under North Carolina law, a personal representative (formerly called executor) owes a strict fiduciary duty to safeguard all estate assets until final distribution. Misdirected withdrawals or joint account transactions can trigger allegations of…

Does a final divorce automatically revoke a former spouse’s status as executor and beneficiary under a North Carolina will?

FAQ 1: Does a Final Divorce Automatically Remove a Former Spouse as Executor and Beneficiary of a North Carolina Will? Under North Carolina law, when a couple’s divorce becomes final, any will executed before the divorce treats the former spouse as if they predeceased the testator. North Carolina General Statutes § 31-5(a) provides that divorce…

How does a North Carolina personal representative locate, verify and secure insurance proceeds for a decedent’s accident claim?

FAQ 1: How does a North Carolina personal representative identify and secure insurance coverage for a decedent’s accident claim? When someone dies because of an accident, the personal representative (PR) of the estate must act promptly to locate and collect all available insurance proceeds. In Wake County—and every county in North Carolina—the PR’s duty to…