News and Articles

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Surplus Funds Q&A Series

What is the typical timeline for the county to distribute surplus funds once forms are filed?: North Carolina

What is the typical timeline for the county to distribute surplus funds once forms are filed? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court generally releases surplus tax-sale proceeds only after the sale is final, all required taxpayer forms (like W-9s) are complete, entitlement is verified, and funds have cleared.…

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Estate Planning Q&A Series

What information do I need to prepare before a trust consultation?: North Carolina Estate Planning

What information do I need to prepare before a trust consultation? – North Carolina Short Answer Under North Carolina law, a valid revocable trust needs a capable settlor, a trustee, identifiable property, and clear intent to create the trust. For a productive consultation, assemble a family outline, fiduciary choices (trustees and successors), a current asset…

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Guardianship Q&A Series

Can I limit a guardianship to only healthcare decisions and avoid financial responsibilities?: North Carolina

Can I limit a guardianship to only healthcare decisions and avoid financial responsibilities? – North Carolina Short Answer Yes. North Carolina allows a limited guardianship of the person so that a guardian handles only healthcare and personal decisions, while the adult keeps financial rights or a separate guardian of the estate manages money. The Clerk…

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Guardianship Q&A Series

What are the differences between guardianship of the person and guardianship of the estate?: North Carolina

What are the differences between guardianship of the person and guardianship of the estate? – North Carolina Short Answer In North Carolina, a guardian of the person makes personal, medical, residential, and day-to-day care decisions. A guardian of the estate manages money, property, income, and bills. A general guardian holds both sets of powers. The…

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Surplus Funds Q&A Series

Can I challenge a foreclosure judgment that used forged documents and violated servicemembers protections?: North Carolina

Can I challenge a foreclosure judgment that used forged documents and violated servicemembers protections? – North Carolina Short Answer Yes—under North Carolina law you can challenge a foreclosure if you can show fraud (such as forged documents) or a material legal irregularity, or if servicemembers protections applied and were violated. The fastest path is to…

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Real Estate Q&A Series

What happens if the sale falls through and a new buyer offers a lower price—can they still claim the difference?: North Carolina

What happens if the sale falls through and a new buyer offers a lower price—can they still claim the difference? – North Carolina Short Answer In North Carolina, if the parties sign a clear, written mutual release that settles the failed deal and waives further claims, they generally cannot later pursue the seller or buyer…

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Real Estate Q&A Series

How can I make sure my agreement clearly states that seller expenses will be deducted from the sale proceeds rather than paid out of pocket?

How can I make sure my agreement clearly states that seller expenses will be deducted from the sale proceeds rather than paid out of pocket? – North Carolina Short Answer In North Carolina, you can do this by writing into your agreement that all seller-side items (taxes, liens, special assessments, and mortgage payoffs) will be…

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Real Estate Q&A Series

What specific contract language should I include to confirm that taxes, liens, and fees are handled at closing?: North Carolina Real Estate

What specific contract language should I include to confirm that taxes, liens, and fees are handled at closing? – North Carolina Short Answer In North Carolina, add clear “paid from seller’s proceeds” language that (1) allocates who pays what, (2) authorizes the closing attorney to obtain payoffs and disburse sale proceeds to satisfy taxes, liens,…

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Real Estate Q&A Series

How do I draft a mutual release clause to prevent future claims on the property sale proceeds?: North Carolina Real Estate

How do I draft a mutual release clause to prevent future claims on the property sale proceeds? – North Carolina Short Answer In North Carolina, a mutual release is a written contract. To prevent future claims about sale proceeds, the clause must be clear, mutual, and supported by consideration. State that all parties release each…

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