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Partition Action Q&A Series

Can I force a full accounting of rental income, mortgage payments, and cash-out refinance proceeds before any payout is finalized? – NC

Can I force a full accounting of rental income, mortgage payments, and cash-out refinance proceeds before any payout is finalized? – North Carolina Short Answer Under North Carolina law, a cotenant can ask the court in a partition proceeding to require a full accounting of rents, profits, and carrying costs before the court approves any…

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Estate Planning Q&A Series

How do retirement accounts factor into eligibility for long‑term care assistance and asset protection plans? – NC

How do retirement accounts factor into eligibility for long‑term care assistance and asset protection plans? – North Carolina Short Answer In North Carolina, most retirement accounts such as IRAs and 401(k)s may count as resources for long-term care Medicaid depending on whether they are in payout status and who owns them. The State also reviews…

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Estate Planning Q&A Series

How can we protect our home if one of us needs long‑term care without losing it to government recovery or nursing home costs? – NC

How can we protect our home if one of us needs long‑term care without losing it to government recovery or nursing home costs? – North Carolina Short Answer In North Carolina, long-term care costs can trigger Medicaid “estate recovery,” which allows the State to collect certain paid benefits from a recipient’s estate after death, including…

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Surplus Funds Q&A Series

How can I stop or delay a foreclosure auction when the mortgage is in a deceased parent’s name and the bank says they need probate to name someone in charge? – NC

How can I stop or delay a foreclosure auction when the mortgage is in a deceased parent’s name and the bank says they need probate to name someone in charge? – North Carolina Short Answer In North Carolina, a foreclosure auction can sometimes be stopped or delayed by quickly opening an estate, asking the foreclosure…

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Family Law Q&A Series

Does our ongoing bankruptcy affect dividing the car, personal property, or marital debts during the divorce? – NC

Does our ongoing bankruptcy affect dividing the car, personal property, or marital debts during the divorce? – North Carolina Short Answer Yes. In North Carolina, once a joint bankruptcy is filed, most division of marital property and marital debts (equitable distribution) is automatically frozen until the federal bankruptcy court allows it to move forward. The…

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Estate Planning Q&A Series

Will moving to assisted living in a different area affect whether the existing power of attorney is valid or honored by banks? – NC

Will moving to assisted living in a different area affect whether the existing power of attorney is valid or honored by banks? – North Carolina Short Answer Under North Carolina law, simply moving to assisted living in a different city or county does not, by itself, cancel a properly signed and notarized financial power of…

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Probate Q&A Series

What documents do banks typically require before they will release a deceased person’s account records for an estate? – NC

What documents do banks typically require before they will release a deceased person’s account records for an estate? – North Carolina Short Answer Under North Carolina law, most banks will release a deceased person’s account records only after they receive proof of death, proof that an estate has been opened, and clear written authority from…

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Probate Q&A Series

What steps are required to create and fund a testamentary trust after probate starts, and when does the trustee officially take over? – NC

What steps are required to create and fund a testamentary trust after probate starts, and when does the trustee officially take over? – North Carolina Short Answer In North Carolina, a testamentary trust comes into legal existence when the will creating it is admitted to probate, but it is practically “created and funded” as the…

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Wrongful Death

How can I handle an insurance claim after a death if another relative is already talking to the insurer? – NC

How can I handle an insurance claim after a death if another relative is already talking to the insurer? – North Carolina Short Answer Under North Carolina law, only the estate’s court-appointed personal representative has legal authority to settle a wrongful death claim, even if another relative is already talking to the insurance company. Informal…

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