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Probate Q&A Series

Can a financial institution open separate requests for each account when an estate needs multiple date-of-death valuations? NC

Can a financial institution open separate requests for each account when an estate needs multiple date-of-death valuations? – NC Short Answer Yes. Under North Carolina probate practice, a financial institution can handle separate estate valuation requests by opening a separate case or request for each account, especially when each account needs its own date-of-death balance…

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Probate Q&A Series

What can I do if a financial institution has not processed an estate valuation request that was already sent? NC

What can I do if a financial institution has not processed an estate valuation request that was already sent? – NC Short Answer In North Carolina, the personal representative or the estate’s staff usually starts by following up with the financial institution, confirming that it received the request, and re-sending any missing probate documents. If…

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Probate Q&A Series

How do I get date-of-death valuations for a deceased person’s investment accounts during estate administration? NC

How do I get date-of-death valuations for a deceased person’s investment accounts during estate administration? – NC Short Answer In North Carolina, the personal representative usually gets date-of-death values for a decedent’s investment accounts by sending the financial institution a written request with proof of death and certified Letters Testamentary or Letters of Administration. Those…

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Probate Q&A Series

What information does a financial institution usually need to process a date-of-death valuation request? NC

What information does a financial institution usually need to process a date-of-death valuation request? – NC Short Answer In North Carolina, a financial institution usually needs enough information to confirm the decedent, identify each account, and verify that the person making the request has authority to act for the estate. That often means the decedent’s…

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Surplus Funds Q&A Series

What documents does my adult child need to provide to receive surplus funds connected to a deceased grandparent’s property? – NC

What documents does my adult child need to provide to receive surplus funds connected to a deceased grandparent’s property? – NC Short Answer In North Carolina, an adult child usually cannot collect foreclosure surplus funds tied to a deceased grandparent’s property by simply asking for payment. The person claiming the money must show both identity…

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