How can I get authority to manage my deceased parent’s bank account and finances when there is no will? NC

How can I get authority to manage my deceased parent’s bank account and finances when there is no will? – North Carolina Short Answer In North Carolina, a bank generally will not allow anyone to access a deceased person’s individual accounts until a court-appointed personal representative has authority from the Clerk of Superior Court. When…

What are my duties and deadlines as executor of my father’s estate after receiving his inheritance? NC

What are my duties and deadlines as executor of my father’s estate after receiving his inheritance? – North Carolina Short Answer In North Carolina, an executor (called a “personal representative”) must collect and safeguard estate assets, notify creditors, pay valid debts and expenses in the proper order, and then distribute what remains to the beneficiaries.…

Can I recover life insurance or retirement plan funds that bypassed the estate or went to child welfare? NC

Can I recover life insurance or retirement plan funds that bypassed the estate or went to child welfare? – North Carolina Short Answer Sometimes. In North Carolina, life insurance and many retirement benefits usually pass outside probate to the named beneficiary, so the estate (and heirs) often cannot “pull them back” just because the estate…