What steps are required to sell inherited property through probate to cover estate debts?: North Carolina

What steps are required to sell inherited property through probate to cover estate debts? – North Carolina Short Answer In North Carolina, the personal representative (executor or administrator) must determine that selling the real estate is in the estate’s best interest, then file a special proceeding with the Clerk of Superior Court in the county…

What is the yearly allowance in probate and how does it protect my personal belongings?: North Carolina

What is the yearly allowance in probate and how does it protect my personal belongings? – North Carolina Short Answer In North Carolina, the “year’s allowance” sets aside part of a decedent’s personal property for a surviving spouse ($60,000) and qualifying children (generally $10,000 each for decedents dying on or after March 1, 2024). It…

Can I transfer or sell the house to one heir if the other beneficiaries disclaim their interests?: North Carolina

Can I transfer or sell the house to one heir if the other beneficiaries disclaim their interests? – North Carolina Short Answer In North Carolina, you cannot rely on verbal disclaimers or simply “transfer” estate real estate. Disclaimers must be written, signed, acknowledged, and filed with the Clerk. Title to nonsurvivorship real property vests in…