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Probate Q&A Series ·

What happens after an estate pays a creditor claim but still needs written confirmation that the claim is released? – NC

What happens after an estate pays a creditor claim but still needs written confirmation that the claim is released? – North Carolina Short Answer In North Carolina, payment of a valid estate claim usually resolves the debt, but the personal representative should still keep written proof that the claim was satisfied before closing the estate.…

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How do I set up a power of attorney? NC

How do I set up a power of attorney? – NC Short Answer In North Carolina, setting up a power of attorney usually means choosing a trusted agent, deciding what powers to give, putting those powers in a written document, and signing it with the required formalities. A financial power of attorney must be signed…

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Probate Q&A Series ·

How can I confirm whether a loan from a parent to a family business was repaid or whether the business interest was properly bought out before it was sold? – NC

How can I confirm whether a loan from a parent to a family business was repaid or whether a business interest was properly bought out before it was sold? – NC Short Answer In North Carolina, the usual way to confirm whether a parent’s loan to a family business was repaid or whether a business…

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