If the deceased person’s children agree, can they sign documents letting me handle the estate as administrator? – NC

If the deceased person’s children agree, can they sign documents letting me handle the estate as administrator? – NC Short Answer Yes, in North Carolina, the deceased person’s children can often sign renunciation or waiver paperwork that gives up their own priority to serve as administrator, which may allow another person to apply. But their…

If the mortgaged property is foreclosed and the sale doesn’t cover the full balance, can the lender pursue other estate assets or heirs for the deficiency? – NC

If the mortgaged property is foreclosed and the sale doesn’t cover the full balance, can the lender pursue other estate assets or heirs for the deficiency? – NC Short Answer Under North Carolina law, a foreclosure shortfall does not automatically make heirs personally liable. If the decedent was personally liable on the note, the lender…

Can an estate creditor in one state reach or place a lien on inherited property that was probated and distributed in another state? – NC

Can an estate creditor in one state reach or place a lien on inherited property that was probated and distributed in another state? – NC Short Answer Usually not automatically. Under North Carolina law, an estate creditor from another state does not simply get a lien on inherited North Carolina real property just because the…

If I buy out my interest in inherited property, could I still be forced later to contribute money to pay estate debts tied to a different property? NC

If I buy out my interest in inherited property, could I still be forced later to contribute money to pay estate debts tied to a different property? – NC Short Answer Yes, possibly. Under North Carolina law, a buyout of an heir’s interest in inherited real property does not automatically cut off properly presented estate…