How Can I Assume an SBA Disaster Loan as the Administrator of My Deceased Parent’s Estate? Detailed Answer When a borrower dies, the U.S. Small Business Administration (SBA) does not automatically cancel a disaster loan. The estate’s personal representative—in North Carolina commonly called an administrator—may step into the borrower’s shoes and assume responsibility for the…
Why Is the Estate Still Open Despite Filing the Final Account? Understanding the Status of an Open Estate in North Carolina When an executor or personal representative files a final account in a North Carolina probate case, that filing alone does not automatically close the estate. Filing the final account is a critical step, but…
What Is the Year’s Allowance and How Does It Work in North Carolina? When someone dies, North Carolina law provides a Year’s Allowance to support certain family members right away. This allowance comes from the decedent’s personal estate before creditors and beneficiaries receive distributions. You need to know how to claim it, the amounts involved,…
How Should I Determine Where to Open Probate for an Estate with Assets in Multiple States? Detailed Answer When a person dies owning assets in more than one state, you must sort out both a primary probate and possible ancillary probates. North Carolina law directs you to open probate in the decedent’s domicile, then handle…
How Can I Obtain Bank Records and Signature Cards of a Deceased Person in North Carolina? Detailed Answer When a loved one passes away, you may need their bank records and signature cards to settle the estate properly. In North Carolina, only a personal representative (also called an executor or administrator) qualifies to request these…
How Can I Challenge the Validity of an Illegitimate Heir’s Estate Claim? 1. Detailed Answer Under North Carolina law, an “illegitimate” child generally cannot inherit from a parent’s estate unless the child meets strict statutory criteria. N.C. Gen. Stat. §31-10 defines who qualifies as an heir. When someone files a claim as an heir but…
1. How Can I Obtain Bank Records of a Deceased Person in North Carolina? When administering an estate in North Carolina, accessing the deceased person’s bank records and signature cards is a crucial step. These documents help establish the decedent’s assets, verify account ownership, and ensure proper distribution to beneficiaries. Here’s a comprehensive guide on…
Frequently Asked Questions About Probate Administration in North Carolina If you are navigating the complex world of probate in North Carolina, this FAQ aims to provide clear and helpful answers to your questions. Please reach out to Pierce Law Group by emailing intake@piercelaw.com or calling (919) 341-7055 for more personalized assistance. What happens if the…
How Do I Change the Name on a Deed After a Spouse’s Passing in North Carolina? Detailed Answer In North Carolina, updating the deed after your spouse dies depends on how you held title. Many married couples hold real estate as tenants by the entirety or as joint tenants with rights of survivorship. In these…
Understanding Spousal Claims and Siblings’ Rights in North Carolina Probate When a person dies in North Carolina leaving a will, the surviving spouse has specific statutory rights that can affect distributions to other beneficiaries, including siblings. Under N.C.G.S. § 30-3.1, the spouse may elect to take an elective share—a one-quarter interest in the decedent’s net…
