Can I use North Carolina’s small estate affidavit to transfer real property if it’s the only asset?

When can I use North Carolina’s Small Estate Affidavit if the only asset is real property? North Carolina’s Small Estate Affidavit allows heirs to collect assets worth less than $20,000 without full probate. However, real property never qualifies for this simplified procedure. Under N.C.G.S. § 28A-18-2, a small estate affidavit applies only to personal property…

How does inheriting property with a mortgage affect its probate and sale process in Alamance County, NC?

How Does a Mortgage Affect the Probate and Sale of Inherited Real Estate in Alamance County, NC? When you inherit real property in North Carolina, the estate’s debts travel with the title. Under N.C. Gen. Stat. § 28A-18-2, your letters of administration or letters testamentary empower you to collect assets and pay obligations, including mortgages.…