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Probate Q&A Series

What happens if the executor or administrator changes after a shareholder dies and the account information no longer matches old statements? NC

What happens if the executor or administrator changes after a shareholder dies and the account information no longer matches old statements? – NC Short Answer In North Carolina, a change in the executor or administrator usually does not defeat the estate’s right to deal with a deceased shareholder’s account. The new personal representative must show…

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Probate Q&A Series

Can I request an accounting from an executor if I believe estate money or trust property has been handled without enough transparency? – NC

Can I request an accounting from an executor if I believe estate money or trust property has been handled without enough transparency? – NC Short Answer Yes. In North Carolina, a beneficiary or other interested person can often ask for more information and, when needed, seek an accounting from the executor through the estate file…

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Estate Planning Q&A Series

What happens if there are questions about a parent’s last meeting with an attorney to change estate planning documents? NC

What happens if there are questions about a parent’s last meeting with an attorney to change estate planning documents? – NC Short Answer In North Carolina, questions about a parent’s last meeting with an attorney often lead to a closer look at capacity, undue influence, and what estate planning documents were changed. If a will…

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Probate Q&A Series

What happens if the proposed administrator lives in another state when opening an intestate estate? – NC

What happens if the proposed administrator lives in another state when opening an intestate estate? – NC Short Answer In North Carolina, a proposed administrator can often still qualify even if that person lives in another state, but the out-of-state status usually matters for bond. In practice, a nonresident administrator generally must post bond in…

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