North Carolina Probate: Commonly Asked Questions - PowerPoint PPT Presentation

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North Carolina Probate: Commonly Asked Questions

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Title: North Carolina Probate: Commonly Asked Questions


1
North Carolina Probate
Commonly Asked Questions
2
Probate
3
What Is Probate?
4
Probate is the legal process through which the
possessions left behind by a deceased person are
accounted for and distributed to new owners
5
This process is supervised by a probate court
6
Probate Courts
7
What Are Probate Courts?
8
PROBATE COURTS are courts of limited jurisdiction
that only hear cases involving probate issues
9
In North Carolina, the Clerk of the Superior
Court in each county serves as the probate court
judge
10
1
Process
11
How Does Probate Work?
12
When someone dies leaving behind individual
assets, the court will appoint someone to
administer those assets
13
That person, called the executor or
administrator, will manage the property, use
estate property to pay any estate debts, and then
distribute any remaining property to the legal
inheritors
14
2
Letters
15
What Are Letters Testamentary?
16
Once a North Carolina probate court approves
someone as an estate administrator, the court
will issue that person letters testamentary
17
These documents give the administrator the legal
authority to manage the estate
18
3
Options
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Can I Choose Who My Administrator Will Be?
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Yes
21
You can select the administrator by crafting a
last will and testament and naming your choice
within it
22
You can also choose alternatives to serve if
your first choice cannot
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5
Estate Affidavit
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What Is A Small Estate Affidavit?
25
North Carolina probate law allows for a
relatively unique procedure that allows people to
use an Affidavit for Collection of Personal
Property of Decedent
26
The affidavit is a sworn statement that, after
filing, allows you to settle an estate without
going through formal probate
27
However, these affidavits can only be used in
limited circumstances
28
Necessity
29
Is There Any Way To Avoid Probate?
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YES
31
You can create an estate plan that will allow
most, if not all, of your personal property to
avoid the probate process
32
Learn More About Trusts in North Carolina
Learn More About Probate in North Carolina
33
Click to visit www.cheryldavid.com
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