What should I do if my payment or documents get lost before closing?: Practical steps for a North Carolina partition sale

What should I do if my payment or documents get lost before closing? – North Carolina Short Answer Act immediately. In a North Carolina partition sale, notify the commissioner and the Clerk of Superior Court at once, stop payment on any missing check, and arrange certified replacement funds or a wire. If the loss jeopardizes…

How are expenses deducted before distributing funds from a partition action?: Answered under North Carolina law

How are expenses deducted before distributing funds from a partition action? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court oversees partition sales, and the court-appointed commissioner (or personal representative, if authorized) must pay sale-related costs and valid liens from the gross proceeds before any owner receives money. After costs of…

How can I transfer a timeshare contract into my name after my parent died?: Clear steps under North Carolina probate law

How can I transfer a timeshare contract into my name after my parent died? – North Carolina Short Answer If the North Carolina timeshare is a deeded interest (real property), you generally record the out-of-state probate in the North Carolina county where the timeshare sits or open an ancillary estate, then complete the resort’s transfer…

How are personal injury settlement proceeds handled and distributed to a minor heir under intestacy rules?

How are personal injury settlement proceeds handled and distributed to a minor heir under intestacy rules? – North Carolina Short Answer In North Carolina, wrongful death settlement proceeds are not estate assets and, after limited deductions, must be distributed to the decedent’s heirs under the Intestate Succession Act. If the only heir is a minor,…