What Happens at the Initial Partition Hearing Regarding Sale Orders and Appointment of a Commissioner in North Carolina?

Initial Partition Hearing: Sale Orders and Appointment of a Commissioner in North Carolina Detailed Answer In a North Carolina partition proceeding, the initial hearing before the Clerk of Superior Court is the event that shifts the case from paperwork to action. At this hearing the clerk decides three core issues: Whether the petitioner is entitled…

How to Determine Whether a Vehicle’s Value Qualifies for Inclusion in a Spousal Allowance in North Carolina

How to Determine Whether a Vehicle’s Value Qualifies for Inclusion in a North Carolina Spousal Allowance Detailed Answer 1. What is the spousal allowance? North Carolina grants a surviving spouse a one-time Year’s Allowance of up to $60,000 in personal property, protected from most estate creditors. See N.C.G.S. § 30-15 through § 30-20. The spouse…

How does a disclaimer of inheritance by some heirs impact the rights and obligations of remaining heirs or creditors?

Detailed Answer: North Carolina Disclaimers and Their Ripple Effect Imagine three adult children—Anna, Brian, and Carla—are the sole heirs to their father’s estate. Anna decides she does not want her share and signs a written disclaimer of inheritance under North Carolina’s Uniform Disclaimer of Property Interests Act, N.C. Gen. Stat. § 31B-1. What happens next?…

What procedures apply for claiming surplus funds if a foreclosure sale yields excess proceeds in North Carolina?

Claiming Surplus Funds After a North Carolina Foreclosure Sale: Step-by-Step Guide Detailed Answer When a North Carolina foreclosure sale brings in more money than is needed to pay the mortgage debt, costs, and junior liens, the remaining money is called surplus funds. North Carolina treats those funds as personal property of the party entitled to…