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Probate Q&A Series

What steps are required to confirm heirship and transfer title for property that passed through an estate? NC

What steps are required to confirm heirship and transfer title for property that passed through an estate? – North Carolina Short Answer In North Carolina, confirming heirship and transferring title to real estate that passed through an estate usually requires (1) establishing who the heirs or devisees are, (2) proving the authority to act (often…

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Estate Planning Q&A Series

How do I transfer ownership of my LLCs into a living trust without disrupting day-to-day operations or contracts? NC

How do I transfer ownership of my LLCs into a living trust without disrupting day-to-day operations or contracts? – North Carolina Short Answer In North Carolina, an LLC interest can often be transferred to a living (revocable) trust by signing an assignment of the membership interest and then updating the LLC’s internal records and operating…

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Probate Q&A Series

If the estate doesn’t have enough cash to pay a hospital claim, can the creditor still force payment from estate property? – NC

If the estate doesn’t have enough cash to pay a hospital claim, can the creditor still force payment from estate property? – North Carolina Short Answer Usually, a hospital (as an unsecured creditor) cannot directly take specific estate property on its own just because the estate is short on cash. In North Carolina, the personal…

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Estate Planning Q&A Series

What’s the difference between a basic will, a will-based estate plan with powers of attorney and medical privacy documents, and a revocable trust plan? NC

What’s the difference between a basic will, a will-based estate plan with powers of attorney and medical privacy documents, and a revocable trust plan? – North Carolina Short Answer In North Carolina, a basic will mainly controls who receives property at death and who handles the estate through the probate process. A will-based estate plan…

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Probate Q&A Series

How is a minor’s year’s allowance applied—does it come off the top of the estate or in addition to the minor’s inheritance? – NC

How is a minor’s year’s allowance applied—does it come off the top of the estate or in addition to the minor’s inheritance? – North Carolina Short Answer In North Carolina, a qualifying minor child’s year’s allowance is generally in addition to the child’s inheritance, not a deduction from it. The allowance is assigned first from…

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