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5 Ways Foreclosure Affects Home Sale

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The wheels that drive foreclosures turn very slowly, and there is ample opportunity to steer the ship in a new direction and salvage your future. Sadly, foreclosure is entirely avoidable, yet lives are often damaged for years because homeowners weren’t fully informed of the consequences and took no action to prevent the process.  Whatever circumstances … Continued

Greenville Foreclosure Expectations

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If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when homeowners understand what lies ahead, so read on as we explore … Continued

What are “letters testamentary” or “letters of administration”?

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Understanding Estate Documents: Letters Testamentary and Letters of Administration In the realm of estate administration, certain documents play pivotal roles in the appointment of individuals entrusted with managing a decedent’s affairs. Let’s explore the significance of “letters testamentary” and “letters of administration” in the probate process: 1. Letters Testamentary: Letters testamentary are legal documents issued … Continued

Who makes the court decisions about estate administration?

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In the intricate process of estate administration, decisions regarding the distribution of assets, settlement of debts, and resolution of disputes often require judicial oversight. Let’s delve into who holds the authority to make court decisions about estate administration: 1. Probate Court Judges: In most jurisdictions, including North Carolina, probate matters fall under the jurisdiction of … Continued

What are “heirs”, “legatees”, “beneficiaries”, and “devisees”?

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In the realm of estate planning and administration, several terms describe individuals entitled to receive assets or benefits from a decedent’s estate. Let’s explore the meanings of heirs, legatees, beneficiaries, and devisees to gain a deeper understanding of estate terminology: 1. Heirs: Heirs are individuals who inherit assets from a decedent either by law or … Continued

What are “executors”, “administrators”, “personal representatives”, and “trustees”?

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In the landscape of estate planning and administration in North Carolina, it’s crucial to understand the various roles assigned to individuals entrusted with specific responsibilities. Let’s delve into the roles of executors, administrators, personal representatives, and trustees within the context of North Carolina law: 1. Executors: An executor, or executrix if female, is an individual … Continued

What types of property pass through the estate administration process?

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Understanding Probate Assets and Non-Probate Assets In estate administration, distinguishing between probate assets and non-probate assets is essential. Probate assets are typically handled through the estate administration process, whereas non-probate assets may pass outside of this process. Let’s delve into these concepts and explore examples of each. Probate Assets: Probate assets are those that are … Continued

What is “estate administration”?

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Understanding the Executor’s Role: In North Carolina, the Clerk of Court plays a pivotal role in estate administration. When a decedent leaves behind a will, it undergoes review by the Clerk’s office. Upon approval, the Clerk appoints an executor, typically the individual named in the will, to oversee the estate’s administration. The executor’s responsibilities encompass … Continued

What is a “decedent” and an “estate”?

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In legal matters, particularly those involving probate and estate administration, understanding key terminology is crucial. Two terms commonly encountered in such contexts are “decedent” and “estate.” In this blog post, we’ll delve into the definitions of these terms, their significance, and how they relate to North Carolina law. Decedent: The term “decedent” refers to a … Continued

Discover Rocky Mount, NC: “The Center of It All”

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Welcome to the vibrant city of Rocky Mount, North Carolina, where history, education, industry, and economic development converge to create a thriving community. Let’s dive into what makes Rocky Mount a prime destination for investors and homeowners alike. History Rocky Mount’s roots trace back to the early 19th century, with settlers drawn to the rocky … Continued

Discover Goldsboro, NC: Where History Meets Opportunity

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Welcome to Goldsboro, a vibrant city rich in history and modern amenities, nestled in the heart of eastern North Carolina’s Wayne County. From its strategic business advantages to its charming downtown revitalization, Goldsboro offers a unique blend of heritage and progress. Let’s delve into what makes this city a hidden gem worth exploring and how … Continued

Should I Put My House in a Trust in North Carolina?

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Are you contemplating the best way to secure the future of your most valuable asset – your home? Consider the advantages of placing your house in a trust. This strategic move can potentially spare your family the complexities of the probate process in North Carolina, ensuring a seamless transition of ownership to your loved ones … Continued

North Carolina Estate Sale Tips: Ensuring a Smooth Process

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Estate Sale Tips: Ensuring a Smooth Process The pandemic has driven a significant rise in home buying, the likes of which haven’t been seen since 2006. Factors such as the shift to remote work, a desire for less densely populated living areas, and a large segment of the population entering retirement have contributed to this … Continued