News and Articles

Page 603 of 873

Guardianship Q&A Series ·

What responsibilities and personal liability does a guardian take on, including annual accountings and bonding requirements? NC

What responsibilities and personal liability does a guardian take on, including annual accountings and bonding requirements? – North Carolina Short Answer In North Carolina, a guardian takes on a court-supervised fiduciary role. A guardian of the person must make decisions about the adult ward’s care and wellbeing, while a guardian of the estate (or general…

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Surplus Funds Q&A Series ·

What changes if we later find a valid will that leaves the real estate (or its proceeds) to the surviving spouse? NC

What changes if we later find a valid will that leaves the real estate (or its proceeds) to the surviving spouse? – North Carolina Short Answer In North Carolina, a later-discovered, valid will can change who is entitled to surplus foreclosure proceeds because the proceeds generally follow the deceased owner’s property rights. If the will…

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Probate Q&A Series ·

If a minor co-owns inherited property, do we need a guardian ad litem or can the minor’s parent sign to approve the sale? NC

If a minor co-owns inherited property, do we need a guardian ad litem or can the minor’s parent sign to approve the sale? – North Carolina Short Answer In North Carolina, a parent generally cannot just sign closing documents to sell a minor’s inherited real estate interest. A court-supervised process is usually required, either through…

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Real Estate Q&A Series ·

How does reselling a vacation club contract work, and what paperwork and approvals are required? NC

How does reselling a vacation club contract work, and what paperwork and approvals are required? – North Carolina Short Answer In North Carolina, reselling a vacation club (often structured as a timeshare interest) usually works like a small real-estate-style closing: the seller and buyer sign a resale purchase contract, the program’s managing entity confirms the…

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Probate Q&A Series ·

Can I force my sibling to account for the sale proceeds and unwind transfers while I move forward with probate for my parent? NC

Can I force my sibling to account for the sale proceeds and unwind transfers while I move forward with probate for my parent? – North Carolina Short Answer In North Carolina, a sibling generally cannot be forced to account to the estate until there is a proper legal “fiduciary” in place (usually a court-appointed personal…

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Probate Q&A Series ·

Can the personal representative make distributions or close the estate before the final accounting is approved? – NC

Can the personal representative make distributions or close the estate before the final accounting is approved? – North Carolina Short Answer In North Carolina, a personal representative may be able to make some distributions before the Clerk of Superior Court approves the final account, but doing so can increase risk if later claims, expenses, or…

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Wrongful Death ·

Can I apply for a spousal allowance and a family allowance while the wrongful death case is pending, and will that change the payout later? – NC

Can I apply for a spousal allowance and a family allowance while the wrongful death case is pending, and will that change the payout later? – North Carolina Short Answer Yes. In North Carolina, a surviving spouse (and certain minor children) can seek statutory estate allowances during estate administration even while a wrongful death claim…

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Will a mutual release in the settlement agreement end the partition case and override any prior handwritten agreements about interest or repayment? NC

Will a mutual release in the settlement agreement end the partition case and override any prior handwritten agreements about interest or repayment? – North Carolina Short Answer In North Carolina, a mutual release in a written settlement agreement can end a partition case if the parties also file a proper dismissal with the court (or…

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Attorney Jared Pierce
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