What steps can I take to remove a mismanaging co-administrator and appoint a successor under North Carolina probate law?

FAQ 1: What can I do if my co-administrator is threatening my removal and mismanaging estate assets? In North Carolina, co-administrators share equal authority to manage an estate. If one co-administrator threatens removal or acts in ways you believe breach fiduciary duties, you have clear statutory remedies. Under N.C. Gen. Stat. § 28A-15-2, any interested…

How do beneficiary-designated (POD/Transfer-on-Death) accounts bypass probate in North Carolina?

How Do Beneficiary-Designated Accounts Like POD or Transfer-on-Death Savings Accounts Affect North Carolina Probate? In North Carolina, assets held with beneficiary designations—such as “Payable on Death” (POD) bank accounts or Transfer-on-Death registrations—bypass probate entirely. When a decedent names a beneficiary on a savings account, the financial institution must release funds directly to that person upon…