What is the step-by-step process under North Carolina’s Judicial Sales Act for selling estate real property?

What Is the Judicial Sales Act Process for Selling Estate Real Property in North Carolina? When a personal representative cannot sell estate real property by private agreement, North Carolina’s Judicial Sales Act provides a court-supervised method to market and sell the property. Below is a step-by-step overview consistent with Wake County practice (check with your…

What’s the difference between guardianship and a durable power of attorney in North Carolina, and when is each appropriate?

What’s the difference between a guardianship and a power of attorney in North Carolina, and when should I consider each for an heir with diminished capacity? In North Carolina, both guardianship and power of attorney (POA) let a trusted person help manage someone’s affairs. But they work very differently under state law. A guardianship permanently…

How do I obtain Letters of Administration in Robinson County to stop foreclosure on inherited property?

FAQ 1: How Do I Obtain Letters of Administration in Robinson County, NC to Stop Foreclosure on Inherited Property? If you inherit real estate in Robinson County and the mortgage lender won’t speak with you because you’re not the personal representative, you need to get “Letters of Administration.” These court-issued letters confirm your authority to…

Does repaying mistaken distributions to an estate generate taxable income under North Carolina estate tax rules?

Q1: Does repaying erroneous distributions to an estate count as income for North Carolina estate tax purposes? When a personal representative mistakenly uses estate funds for non-estate purposes and later reimburses the account, you may wonder if that refund triggers a state income tax filing. Under North Carolina law, an estate only recognizes gross income…

How can I obtain Letters of Administration in Stokes County if my co-executor lives out-of-state and won’t participate?

How can I file for probate and obtain Letters of Administration in Stokes County when my co-executor lives out of state and won’t participate? Under North Carolina law, you don’t need both co-executors to sign the application for probate. G.S. 28A-6-2 defines “entitled” parties (the named executors), and G.S. 28A-6-21 allows one executor to apply…

What are the procedures and timelines for reimbursement hearings and attorney fee allocations in Buncombe County probate cases?

What Happens at a Probate Reimbursement Hearing in Buncombe County, NC? A probate reimbursement hearing gives interested parties an opportunity to request payment of carrying costs and other expenses advanced on behalf of the estate. In Buncombe County, the clerk of superior court schedules this session after the personal representative (PR) files a notice of…