Pierce Law Group | Estate Administration Lawyers North Carolina
North Carolina Probate and Estate Administration Lawyers
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Do I have to use sale proceeds to pay estate debts? | NC

Pierce Law Group

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Q: Do I have to use sale proceeds from inherited property to pay estate debts if the property is not part of the estate? A: Usually, no — if the property passed outside the estate, the sale money is not automatically used to pay estate debts. But it depends on how the property passed. If it was true survivorship or another nonprobate transfer, the personal representative usually does not control…

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