Is ancillary probate worth it if the property has no equity? | NC

About this video

Q: How do I know whether it is worth opening or continuing ancillary probate for property that may have no equity? A: The key question is whether the property will create any net value for the estate after paying the mortgage or other secured lien, closing costs, taxes, insurance, maintenance, and probate expenses. If the debt is at or above the property's realistic sale value, continuing the…