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Probate Q&A Series ·

Do unsecured credit card claims take priority over other estate expenses, and what happens if the estate cannot pay in full? NC

Do unsecured credit card claims take priority over other estate expenses, and what happens if the estate cannot pay in full? – North Carolina Short Answer In North Carolina, an unsecured credit card claim is usually a lower-priority “general unsecured” estate claim. It does not get paid ahead of higher-priority items like estate administration expenses,…

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Real Estate Q&A Series ·

If I pay only the current property taxes now, will that allow closing to move forward, and how are any remaining taxes handled at closing? NC

If I pay only the current property taxes now, will that allow closing to move forward, and how are any remaining taxes handled at closing? – North Carolina Short Answer Sometimes, paying only the current year’s property taxes can remove the immediate roadblock that is holding up a transaction, but it does not automatically clear…

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Probate Q&A Series ·

Do I need to spend estate funds and show proof of expenses or can I receive the insurance proceeds directly? NC

Do I need to spend estate funds and show proof of expenses or can I receive the insurance proceeds directly? – North Carolina Short Answer In North Carolina, if the insurance proceeds are payable to the estate (not to an individual beneficiary), the money generally must be collected by the estate’s appointed personal representative (administrator)…

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Probate Q&A Series ·

Does a year’s allowance get paid before credit card debts and other creditor claims in probate? NC

Does a year’s allowance get paid before credit card debts and other creditor claims in probate? – North Carolina Short Answer In North Carolina, the spouse’s year’s allowance (and any child’s allowance) is generally handled before most unsecured creditor claims, including credit card debt, as part of the estate administration process. The clerk of superior…

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How do the children of a deceased child inherit a share of surplus funds, and does adoption affect who counts as an heir? NC

How do the children of a deceased child inherit a share of surplus funds, and does adoption affect who counts as an heir? – North Carolina Short Answer In North Carolina, when a parent dies without a will, a deceased child’s share does not disappear. Instead, that child’s descendants (such as grandchildren) generally split the…

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Probate Q&A Series ·

Can we offer a lump-sum settlement during mediation to resolve their claims so the sale can move forward, and who has to approve it? NC

Can we offer a lump-sum settlement during mediation to resolve their claims so the sale can move forward, and who has to approve it? – North Carolina Short Answer Yes. In North Carolina, parties can offer and agree to a lump-sum settlement during mediation to resolve disputed claims affecting estate real property so a sale…

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Probate Q&A Series ·

Can I access joint accounts or payable-on-death assets without opening probate? NC

Can I access joint accounts or payable-on-death assets without opening probate? – North Carolina Short Answer Often, yes. In North Carolina, a surviving joint account owner with a right of survivorship can usually access the account directly, and a payable-on-death (POD) beneficiary can usually claim the account after the owner’s death, without opening probate. However,…

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Wrongful Death ·

If the funeral bill isn’t available yet, can reimbursement still be included and finalized later? NC

If the funeral bill isn’t available yet, can reimbursement still be included and finalized later? – North Carolina Short Answer Usually, a North Carolina court will not “finalize” a specific reimbursement amount for funeral expenses in a minor wrongful-death settlement order without documentation showing what was actually paid. A settlement order can often reserve the…

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