How Can an Administrator Protect Against Personal Liability or Lawsuit When Handling Estate Distribution in North Carolina?

Detailed Answer Serving as the administrator of a North Carolina estate creates a fiduciary relationship between you and every creditor, heir, and devisee. When you follow state law and accepted probate practice, North Carolina generally shields you from personal liability. Below are the core steps that minimize the risk of being sued and protect you…

What Communications Should an Administrator Have With Real Estate Agents or Title Companies to Facilitate Estate Closing in North Carolina?

Communications an Estate Administrator Should Have With Real-Estate Professionals Before Closing in North Carolina Detailed Answer North Carolina probate law gives the personal representative—called an administrator when there is no will—broad duties to safeguard, manage, and transfer estate assets. Real property often makes up the largest asset, so timely, clear conversations with the listing agent,…

How can maintenance expenses and property taxes paid after a co-owner’s passing be recovered in North Carolina?

Recovering Maintenance Costs and Property Taxes After a Co-Owner’s Death in North Carolina Short Answer The paying heir or co-owner can recover necessary upkeep expenses by (1) filing a claim in the estate, (2) demanding contribution, or (3) asking the court for an accounting during a partition action. North Carolina law gives judges power to…

What Options Exist to Proceed With a Partition Action When a Co-Owner Cannot Be Located or Objects to the Sale in North Carolina?

North Carolina Partition Actions When a Co-Owner Is Missing or Opposes the Sale Detailed Answer North Carolina co-owners of real estate have a statutory right to force a division of the property through a partition action. Two common roadblocks are: The other owner cannot be found, or The other owner adamantly objects to selling the…

What Methods Can Be Used to Serve Partition Pleadings on a Co-Owner With Unknown Whereabouts in North Carolina?

How to Serve Partition Pleadings When a Co-Owner Cannot Be Found in North Carolina Detailed Answer North Carolina partition cases start like any other civil action: every person with an ownership interest must receive a summons and a copy of the petition (N.C. Gen. Stat. Chapter 46A). But what happens when one co-owner has vanished? North…

Can an heir receive a default portion of foreclosure surplus funds before completing full heir verification?

Can an heir receive a default portion of foreclosure surplus funds before completing full heir verification? Detailed Answer When a North Carolina property goes through a foreclosure and the winning bid exceeds the debt and costs, the excess money—known as surplus funds—is paid to the Clerk of Superior Court. The Clerk acts as a stakeholder…