What Happens to Sale Proceeds If Someone Dies Without a Will? | NC

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Q: What happens to sale proceeds from a deceased person's real estate when there is no will and the property was only in that person's name? A: The short answer is that the money does not automatically go straight to the heirs. Even though the heirs may get an ownership interest at death, the sale proceeds usually have to be held for the estate first to cover liens, taxes, administration costs,…