How can co-owners compel a court-supervised sale and divide proceeds of jointly inherited real estate in North Carolina?

How can co-owners compel a court-supervised sale and divide proceeds of jointly inherited real estate in North Carolina? Detailed Answer When multiple heirs inherit real estate together in North Carolina, they become tenants in common. Each co-owner holds an undivided share of the property. If they cannot agree on what to do with the land,…

What deadlines and filings apply for estate inventory, creditor notice publication, and accounting in the State of North Carolina probate?

What deadlines and filings apply for estate inventory, creditor notice publication, and accounting in the State of North Carolina probate? Detailed Answer When a personal representative manages an estate in North Carolina, state law sets firm deadlines for filing an estate inventory, publishing creditor notices, and submitting accountings. Missing these deadlines can delay administration and…

Does divorce automatically revoke an ex-spouse’s beneficiary designation on a North Carolina pension plan governed by ERISA?

Detailed Answer In North Carolina, a divorce automatically revokes an ex-spouse’s beneficiary designation on certain non-probate instruments under N.C.G.S. § 31-5. This statute covers wills, trusts, life insurance policies, payable-on-death accounts, and other contracts. By operation of law, a former spouse loses any right to receive property or benefits that would otherwise pass directly through…

What are North Carolina’s rules for paying liens and notifying unknown heirs in wrongful death settlements?

What Are North Carolina’s Rules for Paying Liens and Notifying Unknown Heirs in Wrongful Death Settlements? 1. Detailed Answer Paying Liens in Wrongful Death Settlements When a wrongful death claim resolves, North Carolina law requires the personal representative to clear certain liens before distributing proceeds. Key statutory liens include: Medical Provider Liens. Under N.C. Gen.…