News and Articles

Page 197 of 687

Probate Q&A Series

Do I need to open probate if my parent’s will leaves everything to the surviving spouse and most assets were jointly owned? NC

Do I need to open probate if my parent’s will leaves everything to the surviving spouse and most assets were jointly owned? – North Carolina Short Answer Often, no full probate estate is needed in North Carolina when most assets pass automatically to the surviving spouse by right of survivorship (for example, jointly titled accounts…

Read more
Partition Action Q&A Series

Can an executor or personal representative get reimbursed for estate expenses they paid out of pocket when the estate had no cash? NC

Can an executor or personal representative get reimbursed for estate expenses they paid out of pocket when the estate had no cash? – North Carolina Short Answer Yes—under North Carolina law, a personal representative can usually be reimbursed from estate assets for reasonable, necessary estate administration expenses that were properly paid out of pocket, even…

Read more
Probate Q&A Series

If my parent may have had life insurance or retirement benefits through an employer, how do we claim those benefits and do they have to go through the estate? NC

If my parent may have had life insurance or retirement benefits through an employer, how do we claim those benefits and do they have to go through the estate? – North Carolina Short Answer In North Carolina, employer life insurance and most retirement plan death benefits are usually claimed directly from the insurer or plan…

Read more
Probate Q&A Series

Do payable-on-death bank accounts have to go through probate, or do they pass directly to the named beneficiary? NC

Do payable-on-death bank accounts have to go through probate, or do they pass directly to the named beneficiary? – North Carolina Short Answer In North Carolina, a properly created payable-on-death (POD) bank account generally passes directly to the named beneficiary and does not become a probate asset controlled by the will. However, POD funds can…

Read more
Probate Q&A Series

What documents do I need to prove I’m the rightful heir when a bank or the state says my information doesn’t match what they have on file? NC

What documents do I need to prove I’m the rightful heir when a bank or the state says my information doesn’t match what they have on file? – North Carolina Short Answer In North Carolina, the cleanest way to prove “rightful heir” status to a bank or the NC unclaimed-property office is usually to provide…

Read more
Probate Q&A Series

What happens if the payable-on-death beneficiary information is unclear or disputed? NC

What happens if the payable-on-death beneficiary information is unclear or disputed? – North Carolina Short Answer In North Carolina, a valid payable-on-death (POD) designation generally means the account passes outside probate to the named beneficiary when the owner dies. If the beneficiary information is unclear or disputed, the financial institution will usually pause payment until…

Read more
Probate Q&A Series

What happens to a house titled only in my parent’s name when the family hasn’t opened probate and the mortgage is in foreclosure? NC

What happens to a house titled only in my parent’s name when the family hasn’t opened probate and the mortgage is in foreclosure? – North Carolina Short Answer In North Carolina, a house titled only in a deceased parent’s name does not automatically become “sellable” by the family just because the owner died. The mortgage…

Read more
Probate Q&A Series

What paperwork is usually needed to confirm and release funds from a payable-on-death account after someone dies? NC

What paperwork is usually needed to confirm and release funds from a payable-on-death account after someone dies? – North Carolina Short Answer In North Carolina, a payable-on-death (POD) account typically can be released directly to the named beneficiary after the owner dies, without opening an estate just to access that account. Most financial institutions usually…

Read more
Go to Top
Free Consultation

Talk with a North Carolina attorney

Tell us a bit about your situation and we'll respond within one business day.