What documents will the county recording office require, like a death certificate and marriage certificate, to complete this transfer? NC

What documents will the county recording office require, like a death certificate and marriage certificate, to complete this transfer? – North Carolina Short Answer In North Carolina, the county Register of Deeds typically records (1) an attorney-prepared instrument that explains how title passes after the owner’s death under the deed, and (2) supporting proof such…

Will transferring the property from two trusts into my single trust cause transfer taxes, reassessment, or issues with a mortgage lender? – NC

Will transferring the property from two trusts into my single trust cause transfer taxes, reassessment, or issues with a mortgage lender? – North Carolina Short Answer In North Carolina, moving real estate from one trust to another can trigger the state excise tax (often called a “transfer tax”) if the deed is treated as a…

What process is used to calculate life estate and remainder values using IRS tables and age factors? NC

What process is used to calculate life estate and remainder values using IRS tables and age factors? – North Carolina Short Answer In North Carolina, the standard process is to value the whole property (usually the net sale proceeds or fair market value), then apply an actuarial “life estate factor” and a matching “remainder factor”…

What deadlines apply for bringing claims related to home inspection, appraisal errors, or nondisclosure after a home purchase? NC

What deadlines apply for bringing claims related to home inspection, appraisal errors, or nondisclosure after a home purchase? – North Carolina Short Answer In North Carolina, the deadlines depend on the type of claim and the legal theory. Many post-closing claims tied to defects, misstatements, or professional errors must be filed within 3 years, but…