Posted on May 19, 2017 by Gregory Herman-Giddens

North Carolina Small Estates Administration

Executors may discover throughout the course of estate administration that the value of the estate falls within North Carolina’s statutory threshold for small estates. For qualifying estates, the law provides a means for heirs to receive the decedent’s property with minimal or no probate administration. […]

Posted on May 12, 2017 by Gregory Herman-Giddens

First Forms for North Carolina Executors

Certain forms must be filed before an individual may begin serving as executor or administrator of an estate in North Carolina. If the individual is ready to move forward, the first forms they should review include the following. […]
Category: Probate Tags: Administration, Estates, Wills

Posted on May 11, 2017 by Gregory Herman-Giddens

Factors That Affect Length of Probate

The duration of a North Carolina probate administration depends on a variety of factors. Understanding common causes of probate delays can help executors and other parties involved in the estate administration to prevent unnecessary interruptions. […]

Posted on May 9, 2017 by Gregory Herman-Giddens

Important North Carolina Probate Forms

Executors must maintain records of accounting and other required documentation as part of their administrative duties. Customarily, the following probate forms are used for North Carolina estates (links provided to official documents where available) […]

Posted on May 8, 2017 by Gregory Herman-Giddens

Managing Estate Assets

Executors must preserve estate assets until distribution. Overseeing estate assets could be a burden for executors, particularly if the decedent bequeathed out-of-state property or unique assets. […]

Posted on May 5, 2017 by Gregory Herman-Giddens

Dealing With Creditors in NC Probate

Personal representatives and executors follow a state-mandated timeline for creditor notifications. When it comes to managing debts, including through approval or rejection of creditor claims, the executor’s duties become more complicated. […]

Posted on May 4, 2017 by Gregory Herman-Giddens

Estate Issues With DIY Deeds

Oftentimes individuals and couples attempt to minimize estate planning costs by downloading do-it-yourself wills and property deed templates. DIY estate planning notoriously causes costly, time-demanding administrative burdens on executors and does not guarantee the decedent’s wishes will be carried out. […]

Posted on May 3, 2017 by Gregory Herman-Giddens

4 Signs That Assets are at Risk to Lawsuits in NC

North Carolina is often referred to as a debtor-friendly state due to the many statutory creditor protections state law provides. However, even with these protections there are individuals and businesses who may not structure assets properly to take advantage of available protections. […]

Posted on April 12, 2017 by Gregory Herman-Giddens

3 Reasons Why an Executor May Resign

Occasionally an executor must resign from their role. In North Carolina, the executor must file a formal petition with the clerk of court stating the reason(s) for resignation. […]

Posted on April 7, 2017 by Gregory Herman-Giddens

Taxes That Apply to Inheritances in NC

While North Carolina’s estate tax was repealed in 2013, other taxes may apply to an inheritance. Tax implications depend on the type of asset, the value, and other factors. […]

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