What do I need to confirm before listing a parent’s property in an estate sale?: Answer under North Carolina probate law

What do I need to confirm before listing a parent’s property in an estate sale? – North Carolina Short Answer In North Carolina, do not list a decedent’s real estate until you confirm who has legal authority to sell, who holds title, and whether any court order or personal representative (PR) joinder is required. Within…

What happens if the estate lacks enough assets to cover all creditor claims?: North Carolina probate

What happens if the estate lacks enough assets to cover all creditor claims? – North Carolina Short Answer In North Carolina, if an estate is insolvent (not enough assets to pay everyone), the personal representative pays costs of administration and statutory allowances first, then pays creditors by a strict statutory order of priority. Within the…

What evidence do I need to prove the deed transfer to the investor company was improper?: North Carolina

What evidence do I need to prove the deed transfer to the investor company was improper? – North Carolina Short Answer In North Carolina, you generally prove an estate-related deed was improper by showing the grantor lacked legal authority and that required estate procedures were not followed. Key proof includes the recorded deed, the estate…