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Probate Q&A Series

How can I recover surplus sale proceeds from a foreclosure of estate property?: A North Carolina probate attorney explains

How can I recover surplus sale proceeds from a foreclosure of estate property? – North Carolina Short Answer In North Carolina, surplus funds from a completed power-of-sale foreclosure are deposited with the Clerk of Superior Court. An executor, heir/devisee, or junior lienholder can file a motion in the foreclosure case asking the clerk to disburse…

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Probate Q&A Series

What personal property allowance am I entitled to as a surviving spouse under intestate rules and how does it affect distribution?: North Carolina probate answer

What personal property allowance am I entitled to as a surviving spouse under intestate rules and how does it affect distribution? – North Carolina Short Answer In North Carolina, a surviving spouse is entitled to a $60,000 year’s allowance from the decedent’s personal property. This allowance is typically paid before most creditor claims and before…

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Probate Q&A Series

What assets do I need to include in the estate inventory and how can I locate missing life insurance or retirement accounts?

What assets do I need to include in the estate inventory and how can I locate missing life insurance or retirement accounts? – North Carolina Short Answer In North Carolina, list all probate assets owned in the decedent’s name alone—cash, bank accounts, vehicles, brokerage holdings, and any insurance or retirement benefits payable to the estate—valued…

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Probate Q&A Series

Is it possible to appoint a professional or third-party administrator instead of a family member?

Is it possible to appoint a professional or third-party administrator instead of a family member? – North Carolina Short Answer Yes. In North Carolina, the Clerk of Superior Court may appoint a disinterested administrator (for example, another qualified professional) when it serves the estate’s best interests. Although next of kin have priority, the clerk can…

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Probate Q&A Series

How can I identify and inventory all bank and brokerage accounts my parent held before passing?

How can I identify and inventory all bank and brokerage accounts my parent held before passing? – North Carolina Short Answer In North Carolina, the court-appointed personal representative (administrator or executor) is the one with legal authority to identify accounts and require banks and brokers to disclose information. Once appointed and issued Letters, the representative…

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Probate Q&A Series

How can I contest my sibling’s appointment as estate administrator if I don’t trust them to handle the assets?: North Carolina steps and options

How can I contest my sibling’s appointment as estate administrator if I don’t trust them to handle the assets? – North Carolina Short Answer In North Carolina, you can file a verified petition with the Clerk of Superior Court to contest the issuance of letters of administration before they are issued. The clerk weighs statutory…

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Probate Q&A Series

Can I recover carrying costs paid on the property and who must be named in that claim?: North Carolina guidance for partition cases

Can I recover carrying costs paid on the property and who must be named in that claim? – North Carolina Short Answer Yes. In North Carolina partition cases, a co-owner can seek contribution or a credit for necessary carrying costs—like property taxes, insurance, mortgage payments, and necessary repairs—paid to preserve the property. You typically assert…

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