Why Might Banks in North Carolina Refuse to Open an Estate Bank Account with a Small Estate Affidavit?
Detailed Answer In North Carolina, a Small Estate Affidavit allows heirs to collect certain assets of a decedent without a formal probate proceeding. Under N.C. Gen. Stat. § 28A-25-1, if the decedent owned only personal property worth $20,000 or less, or $30,000 or less if the surviving spouse is the sole applicant, heirs may use…
