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Probate Q&A Series

Do heirs have to sign anything acknowledging that they will not receive money from the estate before probate can be closed? NC

Do heirs have to sign anything acknowledging that they will not receive money from the estate before probate can be closed? – NC Short Answer No. In North Carolina, probate usually closes when the personal representative files a proper final accounting with the Clerk of Superior Court and shows that valid expenses, approved fees, taxes,…

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Estate Planning Q&A Series

How can we protect a parent’s home while they’re in a nursing facility and receiving needs-based benefits? – NC

How can we protect a parent’s home while they’re in a nursing facility and receiving needs-based benefits? – NC Short Answer In North Carolina, a parent’s home may remain an exempt resource for eligibility purposes in some long-term care cases, but that does not mean the home is automatically protected from transfer penalties or Medicaid…

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Probate Q&A Series

When selling an estate or trust-owned house, what documents should I review or sign to make sure the sale proceeds are properly disbursed and the reimbursement is accounted for? – NC

When selling an estate or trust-owned house, what documents should I review or sign to make sure the sale proceeds are properly disbursed and the reimbursement is accounted for? – NC Short Answer In North Carolina, the key documents usually include the closing statement, deed, payoff statements, fiduciary certifications, and a written accounting that shows…

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