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Real Estate Q&A Series ·

What’s the difference between buying a foreclosed home before the sale versus at an auction versus after it becomes bank-owned? NC

What’s the difference between buying a foreclosed home before the sale versus at an auction versus after it becomes bank-owned? – North Carolina Short Answer In North Carolina, buying a “foreclosure” property can mean three very different transactions: (1) buying from the owner before the foreclosure sale happens, (2) bidding at the foreclosure sale (the…

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Probate Q&A Series ·

Can the trust assets be transferred to a new corporate trustee without selling the stocks, so the holdings move “in kind” instead of being liquidated? NC

Can the trust assets be transferred to a new corporate trustee without selling the stocks, so the holdings move “in kind” instead of being liquidated? – North Carolina Short Answer Often, yes. Under North Carolina trust administration, a change from one corporate trustee to another can frequently be handled by transferring the trust’s brokerage assets…

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Probate Q&A Series ·

Do I have to open probate if my parent’s bank accounts have beneficiary designations, but the named beneficiary has already died? NC

Do I have to open probate if my parent’s bank accounts have beneficiary designations, but the named beneficiary has already died? – North Carolina Short Answer Often, yes. In North Carolina, a payable-on-death (POD) bank account only avoids probate if at least one named beneficiary survives the account owner. If the only named beneficiary died…

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Guardianship Q&A Series ·

Now that I have guardianship, what are my responsibilities for managing my relative’s money and benefits? NC

Now that I have guardianship, what are my responsibilities for managing my relative’s money and benefits? – North Carolina Short Answer In North Carolina, managing an adult ward’s money and benefits usually falls on the guardian of the estate (or a general guardian). The core responsibilities are to take control of the ward’s assets, use…

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What are my options if I need to list all current heirs but the family tree is complicated and some relatives may be deceased or unknown? NC

Recent Legal Update Updated: May 2026 North Carolina added Article 7 of Chapter 41 in 2024, including N.C. Gen. Stat. § 41-89, which now expressly governs adverse possession by a cotenant. Before this enactment, North Carolina law relied more heavily on case law to explain when a cotenants possession became adverse to other cotenants. The…

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Probate Q&A Series ·

If I’m a signatory on one of the deceased person’s bank accounts, can I access it without going through probate? NC

If I’m a signatory on one of the deceased person’s bank accounts, can I access it without going through probate? – North Carolina Short Answer In North Carolina, being a “signatory” alone usually does not mean the account automatically becomes the signatory’s money at death. Access without probate depends on how the account is titled…

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Probate Q&A Series ·

What proof do I need to show an insurance company that I’m authorized to receive a payment for an estate? NC

What proof do I need to show an insurance company that I’m authorized to receive a payment for an estate? – North Carolina Short Answer In North Carolina, an insurance company usually reissues an estate-related payment only after receiving proof that a court has appointed a personal representative (executor or administrator). The most common proof…

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Real Estate Q&A Series ·

How do I transfer a deceased parent’s house from the estate to me if I’m acting as the administrator? NC

How do I transfer a deceased parent’s house from the estate to me if I’m acting as the administrator? – North Carolina Short Answer In North Carolina, an administrator usually transfers a deceased parent’s house into the heir’s name by completing the estate administration with the Clerk of Superior Court and then recording an appropriate…

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Attorney Jared Pierce
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