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Probate Q&A Series

Can I get an advance or loan against my expected inheritance while the estate is still being handled? nc

Can I get an advance or loan against my expected inheritance while the estate is still being handled? – North Carolina Short Answer Sometimes, but it depends on what “advance” means. In North Carolina, a personal representative (executor/administrator) may choose to make an early, partial distribution, but doing so can create risk if debts, taxes,…

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Probate Q&A Series

Can a relative transfer estate assets to themself before the probate process is finished, and what can be done to challenge that? nc

Can a relative transfer estate assets to themself before the probate process is finished, and what can be done to challenge that? – North Carolina Short Answer Usually not. In North Carolina, once a personal representative (executor or administrator) is appointed, that person must collect, safeguard, and report estate assets and then distribute them only…

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Probate Q&A Series

How do I find out whether a vehicle was transferred out of my parent’s name before they died, and whether it still needs to be listed in the estate inventory? nc

How do I find out whether a vehicle was transferred out of my parent’s name before they died, and whether it still needs to be listed in the estate inventory? – North Carolina Short Answer In North Carolina, the cleanest way to confirm whether a vehicle was still in a parent’s name at death is…

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Probate Q&A Series

If the estate’s main assets are vehicles, how do I handle selling or transferring them to pay estate debts? nc

If the estate’s main assets are vehicles, how do I handle selling or transferring them to pay estate debts? – North Carolina Short Answer In North Carolina, an estate’s vehicles are personal property that the administrator (personal representative) can usually sell or transfer as part of administering the estate, then use the net proceeds to…

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Real Estate Q&A Series

What’s the difference between buying a foreclosed home before the sale versus at an auction versus after it becomes bank-owned? nc

What’s the difference between buying a foreclosed home before the sale versus at an auction versus after it becomes bank-owned? – North Carolina Short Answer In North Carolina, buying a “foreclosure” property can mean three very different transactions: (1) buying from the owner before the foreclosure sale happens, (2) bidding at the foreclosure sale (the…

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