News and Articles

Page 763 of 946

Real Estate Q&A Series ·

What are the tax consequences of inheriting the property with a stepped-up basis versus receiving an ownership share now?

What are the tax consequences of inheriting the property with a stepped-up basis versus receiving an ownership share now? – North Carolina Short Answer In North Carolina, inheriting real estate at a parent’s death generally gives you a stepped-up income tax basis equal to the property’s fair market value at death, which can reduce capital…

Read more

What affidavits do I need to provide to clear title after settling a partition action?: Answered for North Carolina

What affidavits do I need to provide to clear title after settling a partition action? – North Carolina Short Answer In North Carolina, you typically need affidavits that (1) establish who inherited the deceased co-owner’s share, (2) show creditor risks are addressed if the sale occurs within two years of death, and (3) prove any…

Read more
Probate Q&A Series ·

How do intestate succession rules in North Carolina prioritize siblings versus more distant relatives?: North Carolina probate law

How do intestate succession rules in North Carolina prioritize siblings versus more distant relatives? – North Carolina Short Answer In North Carolina, siblings (and the children of deceased siblings) inherit only if the decedent left no surviving children or parents. When that happens, brothers and sisters—and then nieces and nephews by representation—come ahead of grandparents,…

Read more
Probate Q&A Series ·

How can my cousin challenge a relative’s appointment as administrator when estate funds were distributed without notice?: North Carolina

How can my cousin challenge a relative’s appointment as administrator when estate funds were distributed without notice? – North Carolina Short Answer In North Carolina, an heir or other interested person can challenge an administrator either before letters are issued (by contesting the application) or after letters are issued (by petitioning to revoke them). Lack…

Read more
Probate Q&A Series ·

Can heirs who were excluded petition for an accounting or contest distributions after administration?: North Carolina

Can heirs who were excluded petition for an accounting or contest distributions after administration? – North Carolina Short Answer Yes. In North Carolina, any heir or other “interested person” can ask the Clerk of Superior Court to order an accounting and to review distributions. If assets were distributed without a proper appointment or required filings,…

Read more
Probate Q&A Series ·

What options exist if a family member is controlling letters of administration for two related estates and cutting out other heirs?: North Carolina guidance

What options exist if a family member is controlling letters of administration for two related estates and cutting out other heirs? – North Carolina Short Answer In North Carolina, heirs can challenge who gets letters of administration, ask the Clerk of Superior Court to require bond and full accountings, and seek removal if letters were…

Read more

Do I need to redo my healthcare and financial power of attorney after moving?: after moving to North Carolina

Do I need to redo my healthcare and financial power of attorney after moving? – North Carolina Short Answer Usually, no. North Carolina generally honors a valid power of attorney signed in another state, and third parties are expected to accept a properly acknowledged financial power of attorney. That said, re‑executing on current North Carolina…

Read more

Questions about your situation?

Attorney Jared Pierce
Attorney Jared Pierce
Free case evaluation

Articles are a starting point, not legal advice. Talk through the specifics of your case with a North Carolina attorney — the case evaluation is always free.

Go to Top
Free Consultation

Talk with a North Carolina attorney

Tell us a bit about your situation and we'll respond within one business day.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.