Pierce Law Group | Estate Administration Lawyers North Carolina
North Carolina Probate and Estate Administration Lawyers
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What if heirs refuse to sell the house to pay estate debts? | NC

Pierce Law Group

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Q: What happens if the estate has home equity but the heirs do not want to sell the house to pay creditor claims? A: If the creditor claim is timely and allowed, the estate generally has to pay it before any home equity can be distributed to heirs. If there is not enough cash or other property to pay allowed claims, the personal representative may need to turn the home equity into money—often by…

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