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Probate Q&A Series

How are expenses deducted before distributing funds from a partition action?: Answered under North Carolina law

How are expenses deducted before distributing funds from a partition action? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court oversees partition sales, and the court-appointed commissioner (or personal representative, if authorized) must pay sale-related costs and valid liens from the gross proceeds before any owner receives money. After costs of…

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Probate Q&A Series

How can I transfer a timeshare contract into my name after my parent died?: Clear steps under North Carolina probate law

How can I transfer a timeshare contract into my name after my parent died? – North Carolina Short Answer If the North Carolina timeshare is a deeded interest (real property), you generally record the out-of-state probate in the North Carolina county where the timeshare sits or open an ancillary estate, then complete the resort’s transfer…

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Probate Q&A Series

How are personal injury settlement proceeds handled and distributed to a minor heir under intestacy rules?

How are personal injury settlement proceeds handled and distributed to a minor heir under intestacy rules? – North Carolina Short Answer In North Carolina, wrongful death settlement proceeds are not estate assets and, after limited deductions, must be distributed to the decedent’s heirs under the Intestate Succession Act. If the only heir is a minor,…

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Probate Q&A Series

Can a non-heir guardian living out of state be appointed as administrator in a North Carolina probate and what bond is required?: North Carolina law explained

Can a non-heir guardian living out of state be appointed as administrator in a North Carolina probate and what bond is required? – North Carolina Short Answer Yes. A non-heir guardian who lives outside North Carolina can be appointed—most often as an ancillary administrator—if they are otherwise qualified, appoint a North Carolina resident process agent,…

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Probate Q&A Series

How will the remaining estate funds be divided between me and my sibling after paying probate fees, debts, and taxes?: North Carolina Probate

How will the remaining estate funds be divided between me and my sibling after paying probate fees, debts, and taxes? – North Carolina Short Answer In North Carolina, when a parent dies without a will and there is no surviving spouse, the children inherit the net estate in equal shares. After the personal representatives pay…

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Probate Q&A Series

Where can I search for unclaimed surplus proceeds with the North Carolina Department of State Treasurer?

Where can I search for unclaimed surplus proceeds with the North Carolina Department of State Treasurer? – North Carolina Short Answer Search NCCash.com, the North Carolina Department of State Treasurer’s official unclaimed property website. If foreclosure surplus funds were turned over to the State Treasurer, they will appear there under the owner’s name. You can…

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