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Can I get in trouble for using estate funds on foreclosure? | NC

Pierce Law Group

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Q: Can I get in legal trouble for using estate account funds to keep inherited property out of foreclosure? A: Yes. In North Carolina, an estate administrator is a fiduciary, which means estate money must be used for proper estate purposes, documented carefully, and handled fairly for all heirs and creditors. A mortgage payment might be defensible if it protects equity for everyone, deals with a…

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