Can I transfer or sell my parent’s vehicle when it’s the only asset in probate?: Yes, but follow North Carolina’s small-estate vehicle transfer rules

Can I transfer or sell my parent’s vehicle when it’s the only asset in probate? – North Carolina Short Answer Yes. In North Carolina, if a motor vehicle is the only probate asset, you can usually transfer title or sell it without opening full probate by using either a DMV affidavit for assignment of title…

Do I need co-owner consent before cleaning out or improving inherited house property?: North Carolina guidance

Do I need co-owner consent before cleaning out or improving inherited house property? – North Carolina Short Answer In North Carolina, each co-owner has an equal right to possess the entire property. You may secure and perform basic maintenance (like changing locks for safety with notice, lawn care, or light cleaning) without excluding others. But…

What is the proper way to endorse a refund check made payable only to the decedent for deposit into the estate account?: North Carolina

What is the proper way to endorse a refund check made payable only to the decedent for deposit into the estate account? – North Carolina Short Answer The executor may endorse and deposit a check payable to the decedent once formally qualified and after opening an estate account. Use a restrictive endorsement that shows fiduciary…

How do I determine whether to liquidate assets in the testamentary trust or retain them for future distributions?: Practical guidance under North Carolina probate law

How do I determine whether to liquidate assets in the testamentary trust or retain them for future distributions? – North Carolina Short Answer In North Carolina, start with the will and trust terms. If they are silent, a trustee decides whether to sell or hold under the prudent investor rule, with a duty to diversify…

What are the steps to settle debts and distribute real property in a small probate estate?: A North Carolina guide for heirs

What are the steps to settle debts and distribute real property in a small probate estate? – North Carolina Short Answer In North Carolina, small-estate procedures can help collect and distribute personal property, but real estate follows different rules. Title to real property vests in the heirs at death; however, if the estate needs cash…