What are the risks of mixing personal and estate funds during probate administration?: North Carolina

What are the risks of mixing personal and estate funds during probate administration? – North Carolina Short Answer In North Carolina, a personal representative must keep estate money completely separate from personal funds. Mixing funds (commingling) risks personal liability for losses, disallowed reimbursements, reduced or denied commissions, removal by the Clerk of Superior Court, and…

Can I recover funds that were moved out of my account by my sibling serving as power of attorney?: Answered under North Carolina probate law

Can I recover funds that were moved out of my account by my sibling serving as power of attorney? – North Carolina Short Answer Yes. In North Carolina, a court can order a power of attorney (the “agent”) to account for every transaction, freeze further transfers, remove the agent, and make the principal whole, including…

How should I handle a half interest in inherited property still titled in a relative’s name?: North Carolina guidance for executors

How should I handle a half interest in inherited property still titled in a relative’s name? – North Carolina Short Answer In North Carolina, real estate generally vests in heirs or devisees at death, but the personal representative can manage or sell it if needed to pay claims. For a half interest that the decedent…