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Probate Q&A Series

How do creditors for old medical bills and a credit card get paid, and how can I find out what debts exist before distributing anything? NC

How do creditors for old medical bills and a credit card get paid, and how can I find out what debts exist before distributing anything? – North Carolina Short Answer In North Carolina, valid creditor claims (including medical bills and credit cards) get paid from estate assets by the person appointed by the Clerk of…

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Guardianship Q&A Series

Do I need to open a probate estate if the only assets are life insurance and a retirement account with my child listed as the beneficiary? NC

Do I need to open a probate estate if the only assets are life insurance and a retirement account with my child listed as the beneficiary? – North Carolina Short Answer Usually not. In North Carolina, life insurance proceeds and most retirement accounts that name a beneficiary generally pass directly to the named beneficiary and…

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Estate Planning Q&A Series

What assets should be titled into a revocable trust, and what should stay outside the trust like vehicles and personal property? NC

What assets should be titled into a revocable trust, and what should stay outside the trust like vehicles and personal property? – North Carolina Short Answer In North Carolina, a revocable trust only controls assets that are actually transferred into the trust (for example, deeds recorded to move real estate into the trustee’s name) or…

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Estate Planning Q&A Series

If the foreign country won’t accept the existing power of attorney, what is the fastest way to get a valid one for use there? NC

If the foreign country won’t accept the existing power of attorney, what is the fastest way to get a valid one for use there? – North Carolina Short Answer In North Carolina, the fastest path is usually to sign a new power of attorney that matches the foreign country’s format requirements, have it properly notarized,…

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Estate Planning Q&A Series

How can a family trust require professional accounting so one person isn’t doing their own “forensic accounting” and starting disputes? NC

How can a family trust require professional accounting so one person isn’t doing their own “forensic accounting” and starting disputes? – North Carolina Short Answer In North Carolina, a trust can reduce family “forensic accounting” fights by (1) requiring a neutral professional (such as a CPA) to prepare regular trust accountings, (2) setting a clear…

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Probate Q&A Series

How do POD and life insurance beneficiary designations interact with a will that divides assets differently among beneficiaries? NC

How do POD and life insurance beneficiary designations interact with a will that divides assets differently among beneficiaries? – North Carolina Short Answer In North Carolina, POD (payable-on-death) accounts and life insurance with a named beneficiary usually pass directly to the named beneficiary and do not follow the will’s different division. That means a will…

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Wrongful Death

Who has legal priority to make decisions and sign paperwork when there is a surviving spouse but another relative handled things first? NC

Who has legal priority to make decisions and sign paperwork when there is a surviving spouse but another relative handled things first? – North Carolina Short Answer In North Carolina, being the surviving spouse often puts a person first in line to be appointed by the Clerk of Superior Court as the estate’s personal representative…

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Probate Q&A Series

How can I be reimbursed from the house sale for cash expenses I paid to maintain the property when I have limited receipts? NC

How can I be reimbursed from the house sale for cash expenses I paid to maintain the property when I have limited receipts? – North Carolina Short Answer In North Carolina estate administration, a personal representative can usually reimburse reasonable, necessary estate expenses (like property upkeep, utilities, or travel needed to manage the house) from…

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