Surplus Funds Q&A Series

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Surplus Funds Q&A Series

How do the children of a deceased child inherit a share of surplus funds, and does adoption affect who counts as an heir? NC

How do the children of a deceased child inherit a share of surplus funds, and does adoption affect who counts as an heir? – North Carolina Short Answer In North Carolina, when a parent dies without a will, a deceased child’s share does not disappear. Instead, that child’s descendants (such as grandchildren) generally split the…

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Surplus Funds Q&A Series

Can an asset recovery company legally collect the surplus funds for me, and what should I watch for before signing anything? – NC

Can an asset recovery company legally collect the surplus funds for me, and what should I watch for before signing anything? – North Carolina Short Answer Yes. In North Carolina, an asset recovery company can often help pursue foreclosure surplus funds if the rightful claimant signs an authorization or assignment, but the claimant is not…

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Surplus Funds Q&A Series

Does someone who was only under a parent’s guardianship (not legally adopted) have any right to share in inherited property proceeds? NC

Does someone who was only under a parent’s guardianship (not legally adopted) have any right to share in inherited property proceeds? – North Carolina Short Answer Usually, no. In North Carolina, being raised under a parent’s guardianship does not, by itself, make someone an “heir” who can inherit from that parent or share in proceeds…

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Surplus Funds Q&A Series

How can I get the court clerk to release my disbursement check when they say they still don’t have the right authorization forms? NC

How can I get the court clerk to release my disbursement check when they say they still don’t have the right authorization forms? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court generally cannot release money being held by the clerk until the file contains whatever documentation the clerk needs to…

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