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What kinds of financial decisions can my agent handle under a financial power of attorney? nc

What kinds of financial decisions can my agent handle under a financial power of attorney? – North Carolina Short Answer In North Carolina, a financial power of attorney can give an agent broad authority to handle day-to-day money matters such as banking, paying bills, managing investments, and dealing with real estate—depending on what the document…

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Probate Q&A Series ·

What information can the estate’s attorney share with a creditor or financial institution about the probate process? NC

What information can the estate’s attorney share with a creditor or financial institution about the probate process? – North Carolina Short Answer In North Carolina, an estate’s attorney can usually share basic, non-confidential status information about the probate process and point a creditor or financial institution to public filings in the estate file with the…

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Probate Q&A Series ·

How do I figure out which country’s inheritance process applies when the person lived in the U.S. but had foreign citizenship and assets abroad? NC

How do I figure out which country’s inheritance process applies when the person lived in the U.S. but had foreign citizenship and assets abroad? – North Carolina Short Answer In North Carolina, the key starting point is usually the decedent’s domicile at death (their true, permanent home), plus where the assets are located. If the…

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Probate Q&A Series ·

Do I have to open probate in the county where someone died, or where they were considered a legal resident if the documents conflict? NC

Do I have to open probate in the county where someone died, or where they were considered a legal resident if the documents conflict? – North Carolina Short Answer In North Carolina, probate (estate administration) is generally opened with the Clerk of Superior Court in the county where the decedent was legally domiciled (their permanent…

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Probate Q&A Series ·

What happens if the deceased parent’s relatives try to open an estate without my signature or consent? NC

What happens if the deceased parent’s relatives try to open an estate without my signature or consent? – North Carolina Short Answer In North Carolina, a deceased parent’s relatives can sometimes start an estate case at the Clerk of Superior Court without the surviving parent’s signature. But opening an estate does not automatically give them…

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Probate Q&A Series ·

Can a credit union use the deceased’s savings to pay off the deceased’s credit-card debt before the estate is settled? NC

Can a credit union use the deceased’s savings to pay off the deceased’s credit-card debt before the estate is settled? – North Carolina Short Answer Sometimes. In North Carolina, a credit union may have a statutory lien (and related setoff rights) against a member’s shares and deposits for amounts the member owes the credit union,…

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Probate Q&A Series ·

If life insurance and a pension name a beneficiary, do those assets avoid probate and can the providers require letters of administration anyway? nc

If life insurance and a pension name a beneficiary, do those assets avoid probate and can the providers require letters of administration anyway? – North Carolina Short Answer In North Carolina, life insurance and most pension/retirement death benefits that have a valid named beneficiary are usually non‑probate assets. That means the provider typically pays the…

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