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What happens if money owed to an estate is still pending? | NC

Pierce Law Group

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Q: What happens if money owed to an estate is still pending when everything else is ready to close? A: The estate usually should remain open until the payment is collected, deposited into the estate account, reported, and properly distributed. The personal representative should keep enough money in the account to cover approved reimbursements, administration expenses, and other higher-priority…

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