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What steps do I need to prepare a written agreement dividing net sale proceeds among co-owners?: North Carolina

What steps do I need to prepare a written agreement dividing net sale proceeds among co-owners? – North Carolina Short Answer In North Carolina, co-owners in a pending partition case can settle by a written agreement that sets a clear “waterfall” for net sale proceeds and dismisses the case. Define net proceeds (price minus approved…

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Probate Q&A Series ·

What can we do when a stock issuer keeps blocking our request to reissue shares from the probate?: North Carolina Probate

What can we do when a stock issuer keeps blocking our request to reissue shares from the probate? – North Carolina Short Answer In North Carolina, the personal representative—not the heirs—has authority to collect and transfer a decedent’s stocks. If a transfer agent or issuer refuses to reissue or transfer shares after receiving proper paperwork,…

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Guardianship Q&A Series ·

What role does the court-appointed guardian ad litem play in the guardianship process?: North Carolina

What role does the court-appointed guardian ad litem play in the guardianship process? – North Carolina Short Answer In North Carolina adult guardianships, the court appoints an attorney as guardian ad litem (GAL) to represent the respondent (the adult alleged to be incompetent) unless the respondent hires their own lawyer. The GAL must meet the…

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Guardianship Q&A Series ·

Can I challenge a guardian appointment if the court never adjudicated my child’s competency?: North Carolina

Can I challenge a guardian appointment if the court never adjudicated my child’s competency? – North Carolina Short Answer Yes. In North Carolina, a guardian for an adult may be appointed only after the Clerk of Superior Court first adjudicates the person incompetent based on clear, cogent, and convincing evidence. If no incompetency adjudication ever…

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Guardianship Q&A Series ·

How do I protect my sibling from financial abuse and risk of homelessness under guardianship?: North Carolina

How do I protect my sibling from financial abuse and risk of homelessness under guardianship? – North Carolina Short Answer In North Carolina, you can file a verified guardianship petition asking the Clerk of Superior Court to adjudicate your sibling incompetent and appoint a neutral professional guardian (a corporate guardian or a county agency) to…

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Guardianship Q&A Series ·

Can a guardianship block my sibling’s partner from marrying them or taking out insurance policies?: North Carolina

Can a guardianship block my sibling’s partner from marrying them or taking out insurance policies? – North Carolina Short Answer Under North Carolina law, a court can appoint a guardian and limit an adult’s right to make certain decisions, including marriage and financial contracts, if the person lacks capacity. A marriage entered into by someone…

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