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The executor can sell property without getting all of the beneficiaries to approve. However, notice will be sent to all the beneficiaries so that they know of the sale but they dont have to approve of the sale.
On the 90-day inventory form, you will need to list the following information: The decedents county of residence. The decedents name. Any accounts in the sole name of the decedent and their value. Any joint accounts, the percentage the decedent owned, and their value.
Unlike South Carolina and many other states, real property in North Carolina does not typically pass through probate. When a decedent dies intestate (without a Will), title to the decedents non-survivorship real property is vested in his or heir heirs as of the time of death [G.S. 28A-15-2(b)].
You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee). Thenand this is crucialyou must transfer ownership of your property to yourself as the trustee of the trust.
Probate is generally required in North Carolina only when a decedent owned property in their name alone. Assets that were owned with a spouse, for which beneficiaries were named outside of a will, or held in revocable living trusts, generally do not need to go through probate.
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State law allows for two years for the will to be entered into the court records. However, an heir may file sooner if the executor fails to file within 60 days of the death of the person.
This means you dont need to do anything to change the deed on a property you inherit. The deed to the property automatically transfers to you after your loved one passes away. From that point, all you would need to prove that you are the rightful owner of the property is: A copy of your loved ones death certificate.
In this case, the fair market value is calculated using an average fair market value from the trading day prior and the trading day after the date of death. That is an average of the average, the average of the high and low prices on those two trading days divided by two.
In North Carolina, creditors have at most 3 years from the date of death to file claims against the estate.
Heirs property occurs when land is passed down through generations and owned by many descendants with an undivided interest in the land. Owners of family-owned land are vulnerable to involuntary land loss resulting from a forced sale of the property.

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