Probate Q&A Series

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Probate Q&A Series ·

What documents does a surviving spouse usually need to access or update a deceased spouse’s bank account? NC

What documents does a surviving spouse usually need to access or update a deceased spouse’s bank account? – NC Short Answer In North Carolina, a surviving spouse usually needs a certified death certificate, government-issued identification, and paperwork showing authority to act for the estate before a bank will release or retitle a deceased spouse’s bank…

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Probate Q&A Series ·

Can a financial institution open separate requests for each account when an estate needs multiple date-of-death valuations? NC

Can a financial institution open separate requests for each account when an estate needs multiple date-of-death valuations? – NC Short Answer Yes. Under North Carolina probate practice, a financial institution can handle separate estate valuation requests by opening a separate case or request for each account, especially when each account needs its own date-of-death balance…

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Probate Q&A Series ·

Can date-of-death valuation documents for estate administration be sent directly to a law firm by fax? NC

Can date-of-death valuation documents for estate administration be sent directly to a law firm by fax? – NC Short Answer Usually, yes. Under North Carolina probate practice, date-of-death valuation documents for estate administration can often be sent directly to a law firm by fax if the law firm is acting for the estate’s personal representative…

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Probate Q&A Series ·

What can I do if a financial institution has not processed an estate valuation request that was already sent? NC

What can I do if a financial institution has not processed an estate valuation request that was already sent? – NC Short Answer In North Carolina, the personal representative or the estate’s staff usually starts by following up with the financial institution, confirming that it received the request, and re-sending any missing probate documents. If…

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Probate Q&A Series ·

How do I get date-of-death valuations for a deceased person’s investment accounts during estate administration? NC

How do I get date-of-death valuations for a deceased person’s investment accounts during estate administration? – NC Short Answer In North Carolina, the personal representative usually gets date-of-death values for a decedent’s investment accounts by sending the financial institution a written request with proof of death and certified Letters Testamentary or Letters of Administration. Those…

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Probate Q&A Series ·

What information does a financial institution usually need to process a date-of-death valuation request? NC

What information does a financial institution usually need to process a date-of-death valuation request? – NC Short Answer In North Carolina, a financial institution usually needs enough information to confirm the decedent, identify each account, and verify that the person making the request has authority to act for the estate. That often means the decedent’s…

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Probate Q&A Series ·

What happens if I try to sell or borrow against a house before the deceased co-owner’s interest is properly transferred? – NC

What happens if I try to sell or borrow against a house before the deceased co-owner’s interest is properly transferred? – NC Short Answer In North Carolina, trying to sell or mortgage a house before the deceased co-owner’s interest is properly transferred can create a title problem that delays or blocks the deal. If the…

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