Who is responsible for ongoing costs like property taxes, insurance, utilities, and maintenance when someone has the right to live in the house? nc

Who is responsible for ongoing costs like property taxes, insurance, utilities, and maintenance when someone has the right to live in the house? – North Carolina Short Answer In North Carolina, when a will gives someone the right to live in a house for life (often treated like a life estate), that person is generally…

Do I have to list bank accounts and other non-probate assets on the probate inventory, and where do they go on the inventory form? nc

Do I have to list bank accounts and other non-probate assets on the probate inventory, and where do they go on the inventory form? – North Carolina Short Answer In North Carolina, the probate inventory is broader than “probate-only” property. Many assets that pass outside probate (like joint-with-survivorship accounts and POD/TOD accounts) are still typically…

What happens if a family member later changes their mind about the agreement on who gets the property or other assets? nc

What happens if a family member later changes their mind about the agreement on who gets the property or other assets? – North Carolina Short Answer In North Carolina, a family member can often change course unless the agreement was put into a proper, enforceable form (typically a written settlement, signed releases, and/or a filed…

If there is a deficiency judgment listed in the paperwork, does that mean any estate assets would have to go to that debt before heirs receive anything? nc

If there is a deficiency judgment listed in the paperwork, does that mean any estate assets would have to go to that debt before heirs receive anything? – North Carolina Short Answer Not automatically. In North Carolina, heirs generally receive estate property only after the estate’s valid expenses and creditor claims are handled in the…

Is it worth contacting the notary who notarized the alleged transfer, and what can a notary record show in a forgery dispute? nc

Is it worth contacting the notary who notarized the alleged transfer, and what can a notary record show in a forgery dispute? – North Carolina Short Answer Yes. In North Carolina, contacting the notary can be a practical early step because the notary may confirm what type of notarization was performed, who appeared, when and…