Probate Q&A Series

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Probate Q&A Series ·

Can a bank require the estate representative to work directly with a local branch for account records? – NC

Can a bank require the estate representative to work directly with a local branch for account records? – NC Short Answer Usually, yes. In North Carolina, a bank may set reasonable internal procedures for releasing a deceased customer’s account records, including directing a duly appointed estate representative to a local branch to verify authority and…

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Probate Q&A Series ·

How do I make final distributions from estate accounts when the court has already approved the accounting? – NC

How do I make final distributions from estate accounts when the court has already approved the accounting? – NC Short Answer In North Carolina, court approval of an estate accounting usually means the personal representative can make the final distributions shown on that accounting, collect proof that each share was paid, and then finish closing…

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Probate Q&A Series ·

Can a transfer agent refuse to release account statements and date-of-death balances without court-certified letters of administration? NC

Can a transfer agent refuse to release account statements and date-of-death balances without court-certified letters of administration? – NC Short Answer Yes. In North Carolina, a transfer agent or similar financial record holder will usually require court-issued letters of administration or other court-certified proof of appointment before releasing a decedent’s account records to someone claiming…

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Probate Q&A Series ·

What documents do I need to prove authority to request a deceased person’s shareholder account records? NC

What documents do I need to prove authority to request a deceased person’s shareholder account records? – NC Short Answer In North Carolina, the usual document that proves authority to request a deceased person’s shareholder account records is a court-certified or sealed appointment issued through the estate proceeding, such as Letters Testamentary or Letters of…

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Probate Q&A Series ·

What estate documents can I use to request signature cards, contracts, and ownership records for a deceased person’s investment account? NC

What estate documents can I use to request signature cards, contracts, and ownership records for a deceased person’s investment account? – NC Short Answer In North Carolina, the document that usually gives an estate representative authority to request signature cards, account contracts, and ownership records for a deceased person’s investment account is a court-certified Letter…

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Probate Q&A Series ·

What happens if one property was owned individually by the decedent but other property was co-owned with a surviving owner? – NC

What happens if one property was owned individually by the decedent but other property was co-owned with a surviving owner? – NC Short Answer In North Carolina, the answer usually depends on how each parcel was titled at death. Real property owned only by the decedent generally passes to heirs or devisees subject to estate…

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