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Probate Q&A Series ·

Do I have the right as executor to approve or reject decisions about selling estate property and distributing sale proceeds? – NC

Do I have the right as executor to approve or reject decisions about selling estate property and distributing sale proceeds? – NC Short Answer Usually yes, but not always exclusively. In North Carolina, the executor, also called the personal representative, is responsible for administering estate assets and may conduct a court-authorized sale process when properly…

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Probate Q&A Series ·

Can the estate access a bank account in another state when the surviving spouse isn’t listed on the account and there’s no payable-on-death beneficiary? – NC

Can the estate access a bank account in another state when the surviving spouse isn’t listed on the account and there’s no payable-on-death beneficiary? – North Carolina Short Answer Yes. Under North Carolina probate law, a bank account titled only in the decedent’s name and without a payable-on-death beneficiary usually becomes a probate asset, not…

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Probate Q&A Series ·

Can I distribute a brokerage account to siblings if most estate matters are done but I still want to be sure nothing was missed? – NC

Can I distribute a brokerage account to siblings if most estate matters are done but I still want to be sure nothing was missed? – NC Short Answer Usually yes, but in North Carolina an administrator should not make final distributions until the estate is truly ready to close. That usually means claims, expenses, taxes,…

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Wrongful Death ·

How are wrongful death proceeds handled when there is an estate involved and multiple potential beneficiaries? NC

How are wrongful death proceeds handled when there is an estate involved and multiple potential beneficiaries? – NC Short Answer In North Carolina, wrongful death proceeds are usually collected by the decedent’s personal representative, but they are not distributed the same way as ordinary estate assets. After approved expenses and any statutory claims tied to…

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What happens to my parent’s estate-planning paperwork if the attorney who drafted it is no longer with the firm? NC

What happens to my parent’s estate-planning paperwork if the attorney who drafted it is no longer with the firm? – NC Short Answer In North Carolina, a lawyer leaving a firm does not make a parent’s estate-planning paperwork disappear or become invalid. The file usually remains with the firm unless it was transferred with the…

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