News and Articles

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Guardianship Q&A Series ·

What criteria does the court use to decide if I’m competent to make my own medical and personal decisions?: North Carolina

What criteria does the court use to decide if I’m competent to make my own medical and personal decisions? – North Carolina Short Answer In North Carolina, the Clerk of Superior Court decides competency by asking whether clear, cogent, and convincing evidence shows you lack sufficient capacity to make or communicate important decisions about your…

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How do I prepare and file the required 1099-S form for the partition sale to allow disbursement of proceeds?: North Carolina

How do I prepare and file the required 1099-S form for the partition sale to allow disbursement of proceeds? – North Carolina Short Answer In a North Carolina partition sale handled by a court-appointed commissioner, the person responsible for closing (usually the commissioner’s closing attorney) must file IRS Form 1099-S reporting each owner’s gross proceeds.…

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What happens if we can’t provide proof of satisfaction for the deed of trust before the commissioner distributes the sale funds?: North Carolina Partition Action

What happens if we can’t provide proof of satisfaction for the deed of trust before the commissioner distributes the sale funds? – North Carolina Short Answer In a North Carolina partition sale, the commissioner cannot release a co-owner’s net share until liens on that owner’s interest are properly handled. If a deed of trust payoff…

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Can someone else attend the contempt hearing on my spouse’s behalf or do we need to retain local counsel?: North Carolina

Can someone else attend the contempt hearing on my spouse’s behalf or do we need to retain local counsel? – North Carolina Short Answer No. In North Carolina, a nonlawyer cannot appear in court for another person, even a spouse. For a contempt show‑cause hearing, the court typically requires the accused person to appear in…

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Real Estate Q&A Series ·

How can I ensure a settlement agreement locks in distribution of sale proceeds before closing?: North Carolina Real Estate

How can I ensure a settlement agreement locks in distribution of sale proceeds before closing? – North Carolina Short Answer Use a written, signed proceeds-allocation and disbursement/escrow agreement that binds every co-owner (or their valid, recorded agents) and deliver it to the North Carolina settlement agent before closing. The closing attorney can only disburse after…

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Real Estate Q&A Series ·

What should we do to avoid breaching the purchase contract while securing all signatures?: North Carolina Real Estate

What should we do to avoid breaching the purchase contract while securing all signatures? – North Carolina Short Answer Get a written extension of any signature or execution deadline before it expires, or have a properly authorized agent sign under a valid power of attorney. Meanwhile, put any dispute about loan interest or proceeds into…

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