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.

How can heirs verify beneficiary designations on retirement and brokerage accounts after a loved one’s death in the State of North Carolina?

How can heirs verify beneficiary designations on retirement and brokerage accounts after a loved one’s death in the State of North Carolina? Detailed Answer Losing a loved one is stressful. Learning how their financial assets transfer adds complexity. In North Carolina, beneficiary designations on retirement plans and transfer-on-death brokerage accounts generally bypass probate and pass…

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How are sale proceeds and individual reimbursements handled and distributed in a North Carolina special proceeding on co-owned estate property?

How Are Sale Proceeds and Individual Reimbursements Handed and Distributed in a North Carolina Special Proceeding on Co-Owned Estate Property? 1. Detailed Answer When co-owners of estate property cannot agree on possession or use, North Carolina law provides a “special proceeding” under Article 19 of Chapter 28A of the General Statutes. This process allows a…

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How can heirs and co-owners resolve competing claims and include all interested parties in a North Carolina partition action?

How can heirs and co-owners resolve competing claims and include all interested parties in a North Carolina partition action? Detailed Answer When multiple heirs or co-owners hold undivided interests in real property in North Carolina, disagreements may arise over use, value or division. A partition action under Chapter 46 of the North Carolina General Statutes…

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Under North Carolina law, how are lapsed gifts handled when a will’s sole beneficiary predeceases the testator without an alternate?

Under North Carolina Law, How Are Lapsed Gifts Handled When a Will’s Sole Beneficiary Predeceases the Testator Without an Alternate? Detailed Answer 1. What Is a Lapsed Gift? A gift in a will “lapses” when the person named to receive it (the beneficiary) dies before the testator. In that situation, the gift fails and the…

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