Can a child of a deceased parent liquidate and sell off real estate if the spouse still lives there? There was no will.

Your mother does have an interest in the Estate of her deceased husband, but how much of an interest depends on the length of their marriage. I...

Can you use IRA money to purchase a home without having to pay huge taxes on the withdrawal ?

There is an exception that allows first-time home buyers to withdraw up to $10,000 of purchase money from their IRA without penalty, but you must...

Do I need to probate my husband's will?

In North Carolina, if a person dies intestate (with no Will) then everything does not automatically become the property of the surviving spouse. ...

Does the spouse have "Right of Survivorship"?

In North Carolina a deed naming both spouses is deemed to be creating a tenancy by the entirety unless the deed specifically states otherwise. It...

What to do if according to the county tax listing office the appraisal on real estate for an estate is 47% below FMV ?

First, you need to understand that tax value is in no way an accurate reflection of current FMV. Rather, tax value is the deemed FMV on the date...

NC law allows for an out-of-state individual to serve as the Executor of an estate administered within NC, however, a resident process agent must...

Wife entitled to everything by default?

In NC, intestate succession (who takes when there is no Will) is controlled by NC General Statutes 29-14 and 29-15. Under those statutes, in the...

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In North Carolina, interests in real estate transfer to the takers in the Will immediately upon the death of the decedent. That means that the...