News and Articles

Explore our informative articles, insights, and updates focused on North Carolina Estate Administration, Estate Planning, Partition Actions, and Surplus Fund cases. Our goal is to make these complex topics accessible, offering you guidance and understanding at each step of the legal process. Whether you’re looking to navigate probate administration, protect your assets through careful planning, understand partition actions, or resolve issues with surplus funds, our articles are designed to empower you with practical advice, legal insights, and actionable steps. Stay informed and feel confident as you make decisions about your estate and legal matters.

Can the estate distribute retirement-plan funds before the final income tax and estate tax issues are resolved? nc

Can the estate distribute retirement-plan funds before the final income tax and estate tax issues are resolved? – North Carolina Short Answer Sometimes, but it depends on who legally owns the retirement-plan funds and whether the personal representative can safely hold back enough money to cover taxes and other estate costs. In North Carolina, a…

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Should I buy the building through a separate property-holding company, and should my other business entities guarantee the loan? nc

Should I buy the building through a separate property-holding company, and should my other business entities guarantee the loan? – North Carolina Short Answer Often, a North Carolina commercial purchase is structured with a separate property-holding entity (commonly an LLC) as the borrower and owner, because it can help isolate real estate risks from operating-business…

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Can co-owners get credit or reimbursement for repairs and upkeep we paid for before the property is divided or bought out? nc

Can co-owners get credit or reimbursement for repairs and upkeep we paid for before the property is divided or bought out? – North Carolina Short Answer Yes—North Carolina law can allow a co-owner to receive reimbursement (often called “contribution” or a “credit”) for certain expenses paid to preserve or improve co-owned property before a partition…

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If the deceased had no will and had children, how is any wrongful-death settlement or estate money divided between the surviving spouse and the children? nc

If the deceased had no will and had children, how is any wrongful-death settlement or estate money divided between the surviving spouse and the children? – North Carolina Short Answer In North Carolina, a wrongful-death settlement is paid to the estate’s personal representative, but the remaining proceeds are distributed to the heirs under North Carolina’s…

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If there are multiple properties listed in the petition, can the court order some to be sold and others to be divided differently? nc

If there are multiple properties listed in the petition, can the court order some to be sold and others to be divided differently? – North Carolina Short Answer Yes. In a North Carolina partition case, the court can use different methods for different parts of the property described in the petition. That can include dividing…

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