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Surplus Funds Q&A Series ·

When do surplus funds require a court petition or lawsuit instead of a simple unclaimed-property claim process? – NC

When do surplus funds require a court petition or lawsuit instead of a simple unclaimed-property claim process? – NC Short Answer In North Carolina, surplus funds usually require a court petition when the money came from a foreclosure, tax foreclosure, or other judicial sale and the funds were paid into the clerk of superior court.…

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Probate Q&A Series ·

How is each heir’s percentage ownership in inherited property calculated when some heirs have passed away and have descendants? NC

How is each heir’s percentage ownership in inherited property calculated when some heirs have passed away and have descendants? – NC Short Answer In North Carolina, each heir’s percentage ownership in inherited property is usually calculated under the intestacy statutes by first identifying the correct generation, then dividing the property into shares at that level,…

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Probate Q&A Series ·

How can the surviving spouse protect a vehicle titled in the deceased person’s name from being taken to pay debts? – NC

How can the surviving spouse protect a vehicle titled in the deceased person’s name from being taken to pay debts? – NC Short Answer In North Carolina, a surviving spouse can often protect a vehicle titled only in the deceased spouse’s name by claiming it as part of the surviving spouse’s year’s allowance. That allowance…

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Probate Q&A Series ·

If the executor locks me out of estate property and won’t communicate, what are my options to get information and protect my inheritance? NC

If the executor locks me out of estate property and won’t communicate, what are my options to get information and protect my inheritance? – NC Short Answer In North Carolina, an heir, devisee, or other interested person can ask the Clerk of Superior Court to force an executor to file a full account, explain estate…

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Probate Q&A Series ·

Do the title signatures for a deceased person’s vehicle transfer need to be notarized, and can a mobile notary be used if the surviving spouse can’t travel? – NC

Do the title signatures for a deceased person’s vehicle transfer need to be notarized, and can a mobile notary be used if the surviving spouse can’t travel? – NC Short Answer In North Carolina, a vehicle title assignment usually must be signed in the presence of a notary or other person authorized to administer oaths.…

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Probate Q&A Series ·

Can the personal representative of a deceased owner sign paperwork to transfer a vehicle that was sold after the owner died? NC

Can the personal representative of a deceased owner sign paperwork to transfer a vehicle that was sold after the owner died? – NC Short Answer Yes. In North Carolina, a court-appointed personal representative can usually sign the title paperwork needed to transfer a vehicle that remained titled in the deceased owner’s name, even if someone…

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Probate Q&A Series ·

What happens if a creditor won’t provide an itemized statement and only sends a balance breakdown? NC

What happens if a creditor won’t provide an itemized statement and only sends a balance breakdown? – NC Short Answer In North Carolina, a creditor’s claim against an estate does not automatically become valid just because the creditor sends a balance breakdown. The personal representative may require enough written information to show the amount claimed…

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Probate Q&A Series ·

What happens if a house was deeded to family members before the death—does it stay out of the estate, and can that transfer be challenged? NC

What happens if a house was deeded to family members before the death—does it stay out of the estate, and can that transfer be challenged? – NC Short Answer In North Carolina, a house that was validly transferred by deed before death usually does not pass through the probate estate because the decedent no longer…

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Surplus Funds Q&A Series ·

What kind of contract should I use if I locate surplus funds for someone else and want a percentage for helping them recover it? NC

What kind of contract should I use if I locate surplus funds for someone else and want a percentage for helping them recover it? – NC Short Answer In North Carolina, the agreement is usually a written property-finder or finder’s-fee agreement governed by the Unclaimed Property Act. But not every percentage-based contract is enforceable. For…

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