Will getting an appraisal now help with selling, transferring, or dividing the property later? NC

Will getting an appraisal now help with selling, transferring, or dividing the property later? – North Carolina Short Answer Often, yes. In North Carolina, a current independent appraisal can create a clear, defensible starting point for fair market value when real property may be sold, transferred, or divided later, especially when multiple owners or a…

Do I need my sibling beneficiary’s consent or a written agreement before the trust reimburses me for the taxes I covered? NC

Do I need my sibling beneficiary’s consent or a written agreement before the trust reimburses me for the taxes I covered? – North Carolina Short Answer Not always. In North Carolina, reimbursement can be proper without a sibling beneficiary’s consent if the payment was a necessary trust expense and the trustee reimburses it as part…

Can I sue the home inspector or appraisal professional for missing or misreporting major issues with the property? – NC

Can I sue the home inspector or appraisal professional for missing or misreporting major issues with the property? – North Carolina Short Answer Possibly. In North Carolina, a home inspector can face liability when the inspector fails to follow the inspection contract and the required standards of practice, or when the report contains negligent misstatements…

What happens if my parent signed a deed years ago that accidentally gave the property to another relative, even if my parent meant it to go to the children? – NC

What happens if my parent signed a deed years ago that accidentally gave the property to another relative, even if my parent meant it to go to the children? – North Carolina Short Answer In North Carolina, a properly signed and recorded deed usually controls ownership, even if the parent later said they meant something…