How do I pause distributions if I believe the executor is misallocating sale proceeds? – North Carolina Short Answer In North Carolina, an interested beneficiary can ask the Clerk of Superior Court to temporarily stop estate distributions by filing an estate proceeding that seeks an injunction and an order compelling the executor to account. The…
Can I update my estate plan if I acquire new assets? – North Carolina Short Answer Yes. In North Carolina, you can and should update your estate plan when you acquire new assets. Update your will (or create a codicil), amend your revocable trust if you use one, and adjust beneficiary designations or titles so…
How do I choose and appoint someone as my health care and financial power of attorney? – North Carolina Short Answer In North Carolina, you appoint a financial agent by signing a notarized power of attorney under the Uniform Power of Attorney Act, and you appoint a health care agent by signing a Health Care…
What steps are involved in asking a court to interpret a vague will clause about selling a life estate? – North Carolina Short Answer In North Carolina, you ask the court to interpret unclear will language by filing a petition to construe the will. You can file it as an estate proceeding with the Clerk…
What is a pour-over will and how does it work with a trust? – North Carolina Short Answer In North Carolina, a pour-over will is a simple will that directs any assets still in your name at death to “pour over” into your revocable living trust. The will must still be probated, but once admitted,…
How can I make sure my savings and IRA go to my nephews without probate? – North Carolina Short Answer In North Carolina, you can keep your savings and IRA out of probate by using beneficiary designations. Name your nephews directly on your IRA, and set your bank savings/money market accounts to “payable on death”…
Should I set up a revocable trust or a will if I only have financial accounts and a car? – North Carolina Short Answer In North Carolina, if your assets are an IRA, bank/money market accounts, and a single vehicle, you can usually avoid probate without a revocable trust by using beneficiary designations (POD/TOD) and…
How do I open a probate estate or get letters of administration after my spouse dies? – North Carolina Short Answer In North Carolina, you open an intestate estate and obtain Letters of Administration by applying with the Clerk of Superior Court in the county where your spouse lived, taking an oath, and posting bond…
How can I locate and identify all of my spouse’s bank accounts and assets after death? – North Carolina Short Answer In North Carolina, banks will not release information or funds from an account titled solely in the decedent’s name until someone has legal authority. You can get that authority by qualifying as the estate’s…
What steps can I take to recover funds withdrawn from my late husband’s account by another heir? – North Carolina Short Answer In North Carolina, you generally must get legal authority before you can force the return of money taken from a decedent’s account. The quickest paths are: (1) open an estate and qualify as…
