How do I account for an estate before paying the sole heir? | NC

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Q: How do I account for estate money and property before distributing everything to the sole heir? A: In North Carolina, first identify and value every probate asset as of the date of death. This includes bank funds, vehicles, and the deceased person’s interest in real property. Deposit estate money into a separate estate account, and keep a ledger showing every receipt and payment. Save bank…