Can a family member legally evict a tenant from an inherited probate property in North Carolina?

Can a family member legally evict a tenant from an inherited probate property in North Carolina? Detailed Answer When a property owner dies leaving tenants in place, the property enters probate. During probate, North Carolina law vests management of estate property in the personal representative (sometimes called an executor or administrator). Family members who have…

How are attorney fees and trust funds managed during North Carolina probate estate administration?

How Are Attorney Fees and Trust Funds Managed During North Carolina Probate Estate Administration? Detailed Answer Attorney Fees in North Carolina Probate When you open a probate estate in North Carolina, you pay for professional services out of estate assets. That includes both the personal representative’s allowance and attorney fees. North Carolina law sets the…

How are legal fees collected and trust funds managed during North Carolina probate administration?

How Are Legal Fees Collected and Trust Funds Managed During North Carolina Probate Administration? 1. Detailed Answer Collection of Legal Fees in Probate When someone dies in North Carolina, a personal representative steps in to handle probate. The representative hires an attorney to guide the estate through court processes. To pay for those legal services,…

How are legal fees and trust funds managed separately during North Carolina probate administration?

How are legal fees and trust funds managed separately during North Carolina probate administration? Detailed Answer During probate administration in North Carolina, an executor or administrator handles two distinct pools of money: assets belonging to the estate and assets held in trust. The law requires that fiduciaries keep these pools separate at all times to…

How and When Are Creditor Claims Negotiated During State of North Carolina Probate Proceedings?

How and When Are Creditor Claims Negotiated During State of North Carolina Probate Proceedings? Detailed Answer When someone passes away in North Carolina, the probate process ensures that their debts get paid before beneficiaries receive any inheritance. The person in charge of settling the estate, called the personal representative, handles creditor claims. Negotiation of those…