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Probate Q&A Series ·

How do I find out whether I am still a beneficiary on my parent’s investment accounts that were supposed to pass outside of probate? nc

How do I find out whether I am still a beneficiary on my parent’s investment accounts that were supposed to pass outside of probate? – North Carolina Short Answer In North Carolina, investment accounts often pass outside probate through a beneficiary designation (commonly shown as TOD/POD) or joint ownership with survivorship. The most reliable way…

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Probate Q&A Series ·

Can the estate require that the deceased owner’s share of the home-sale proceeds be held back to pay estate expenses and creditor claims before the heirs get paid? nc

Can the estate require that the deceased owner’s share of the home-sale proceeds be held back to pay estate expenses and creditor claims before the heirs get paid? – North Carolina Short Answer Yes. In North Carolina, the personal representative generally must make sure valid estate expenses and creditor claims are paid (in the legal…

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Probate Q&A Series ·

If no probate was opened after earlier family deaths, does that affect who owns the property now or the ability to sell it? nc

If no probate was opened after earlier family deaths, does that affect who owns the property now or the ability to sell it? – North Carolina Short Answer In North Carolina, not opening probate does not automatically stop ownership from passing at death, but it often leaves the property’s title “unclear” in the public records.…

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Probate Q&A Series ·

How do I use a small-estate affidavit to close a deceased parent’s credit union account and receive the remaining funds? nc

How do I use a small-estate affidavit to close a deceased parent’s credit union account and receive the remaining funds? – North Carolina Short Answer In North Carolina, a “small-estate affidavit” is typically a collection by affidavit process that lets an heir collect certain personal property (like a credit union account) without opening a full…

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Can a financial power of attorney be used to deal with a disability benefit that stopped or needs to be restarted? nc

Can a financial power of attorney be used to deal with a disability benefit that stopped or needs to be restarted? – North Carolina Short Answer Sometimes. In North Carolina, a properly signed durable (financial) power of attorney can let an agent handle many financial tasks tied to benefits, such as contacting an agency, gathering…

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Probate Q&A Series ·

If we signed an equitable distribution agreement but never got a divorce decree, do I still count as the surviving spouse for inheritance and estate rights? nc

If we signed an equitable distribution agreement but never got a divorce decree, do I still count as the surviving spouse for inheritance and estate rights? – North Carolina Short Answer Usually, yes. In North Carolina, a signed equitable distribution agreement does not end a marriage by itself, so if no absolute divorce decree was…

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Probate Q&A Series ·

What is the proper way to transfer an estate vehicle to someone else, and what happens if someone tries to gift it without a title transfer? nc

What is the proper way to transfer an estate vehicle to someone else, and what happens if someone tries to gift it without a title transfer? – North Carolina Short Answer In North Carolina, an estate vehicle should be transferred through the DMV using the correct authority document (often the personal representative’s Letters or a…

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Can a co-owner transfer inherited property to themselves with a deed if another co-owner or the estate trustee did not agree? nc

Can a co-owner transfer inherited property to themselves with a deed if another co-owner or the estate trustee did not agree? – North Carolina Short Answer Usually not. In North Carolina, a co-owner can generally deed only the share they actually own, and they cannot use a deed to take another co-owner’s share without that…

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Probate Q&A Series ·

As an heir named in the will, what information am I entitled to receive about the estate assets, inventory, and distributions during probate? nc

As an heir named in the will, what information am I entitled to receive about the estate assets, inventory, and distributions during probate? – North Carolina Short Answer In North Carolina probate, the personal representative (executor/administrator) must file an inventory and later file accountings with the Clerk of Superior Court that show what probate assets…

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Probate Q&A Series ·

What happens if one heir tries to list or sell the property before the estate is opened or before the personal representative approves the sale? nc

What happens if one heir tries to list or sell the property before the estate is opened or before the personal representative approves the sale? – North Carolina Short Answer In North Carolina, an heir can market a property interest, but an heir usually cannot deliver clear, “safe” title to a buyer during estate administration…

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Probate Q&A Series ·

What happens if a beneficiary refuses to sign the receipt or paperwork needed to close the probate estate? nc

What happens if a beneficiary refuses to sign the receipt or paperwork needed to close the probate estate? – North Carolina Short Answer In North Carolina, a beneficiary’s refusal to sign a receipt, release, or similar closing paperwork usually does not “freeze” the estate forever, but it can delay closing and keep the personal representative…

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Probate Q&A Series ·

What happens if the estate administrator filed probate paperwork that included false information? nc

What happens if the estate administrator filed probate paperwork that included false information? – North Carolina Short Answer In North Carolina, probate paperwork filed with the Clerk of Superior Court matters because it affects who has authority over the estate and what the court believes is true. If an estate administrator obtained appointment through a…

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Probate Q&A Series ·

How do I transfer a minor beneficiary’s inheritance into a custodial account during probate? nc

How do I transfer a minor beneficiary’s inheritance into a custodial account during probate? – North Carolina Short Answer In North Carolina, a personal representative can usually transfer a minor beneficiary’s inheritance into a custodial account under the North Carolina Uniform Transfers to Minors Act (UTMA) by titling the account and transfer documents in the…

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Attorney Jared Pierce
Attorney Jared Pierce
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