What happens if the executor or administrator changes after a shareholder dies and the account information no longer matches old statements? – NC Short Answer In North Carolina, a change in the executor or administrator usually does not defeat the estate’s right to deal with a deceased shareholder’s account. The new personal representative must show…
How do I handle stock accounts that exist both in the decedent’s name and in the estate’s name? – NC Short Answer In North Carolina, the personal representative usually must identify how each stock account is titled, confirm authority with current Letters Testamentary or Letters of Administration, and then work with the transfer agent or…
What documents do I need to provide to access or update a deceased person’s stock account? – NC Short Answer In North Carolina, a transfer agent or brokerage usually will not give full access to a deceased person’s stock account until the estate representative proves both the death and the authority to act. That commonly…
How can I find out what is happening in my parent’s probate case if the executor is not keeping me informed? – NC Short Answer In North Carolina, an heir or beneficiary can often learn what is happening in a probate estate by reviewing the estate file with the Clerk of Superior Court in the…
Can I recover my share of property expenses I paid by myself while inherited property was still being sorted out? – NC Short Answer Often, yes. Under North Carolina law, a cotenant who paid certain necessary carrying costs for inherited real property, such as property taxes, insurance, repairs, or loan payments, may seek contribution from…
Can I request an accounting from an executor if I believe estate money or trust property has been handled without enough transparency? – NC Short Answer Yes. In North Carolina, a beneficiary or other interested person can often ask for more information and, when needed, seek an accounting from the executor through the estate file…
What happens if my sibling and I inherit real estate together but cannot agree on how to divide it? – NC Short Answer In North Carolina, siblings who inherit real estate together usually become cotenants unless a trust or will says otherwise. If they cannot agree on who keeps the property, how it should be…
What happens if the proposed administrator lives in another state when opening an intestate estate? – NC Short Answer In North Carolina, a proposed administrator can often still qualify even if that person lives in another state, but the out-of-state status usually matters for bond. In practice, a nonresident administrator generally must post bond in…
What are the bonding requirements for an administrator who lives outside the state? – NC Short Answer In North Carolina, an out-of-state administrator for an intestate estate usually must post a bond before qualifying, even if all heirs sign waivers. The usual heir-waiver exception applies only when the administrator is a North Carolina resident. A…
How do I qualify an out-of-state administrator for an intestate estate? – NC Short Answer In North Carolina, an out-of-state person can qualify as administrator of an intestate estate, but the filing usually requires more than the standard in-state appointment. The nonresident administrator must appoint a North Carolina resident process agent, qualify before the Clerk…
