North Carolina Order to File Inventory or Account

State:
North Carolina
Control #:
NC-E-502
Format:
PDF
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Description

Order to File Inventory or Account: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.


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FAQ

The probate process begins at the Clerk of Superior Court in the deceased's county of residence. An application is submitted to the clerk by either the executor/executrix named in a will or, if there is no will or the person named in the will is not able or willing to serve, a person qualified to be an administrator.

Determine Your State's Laws Regarding Inventory Forms. Review the Instructions Provided. Identify Real Property. Identify Personal Property. Identify Bank Accounts. Identify Retirement Accounts. Identify Non-Probate Assets. File the Form With the Court.

Your inventory should include the number of shares of each type of stock, the name of the corporation, and the name of the exchange on which the stock is traded. Meanwhile, you should note the total gross amount of a bond, the name of the entity that issued it, the interest rate on the bond, and its maturity date.

Form a Last Will in North Carolina Signature: The will must be signed by the testator with the intent to sign or by another person under his direction and in his presence. Witnesses: At least two witnesses must sign a North Carolina last will and testament in order for it to be valid.

When calculating the value of an estate, the gross value is the sum of all asset values, and the net value is the gross value minus any debts: in other words, the actual worth of the estate.

An inventory and appraisal is a required filing in California probate. The inventory and appraisal is a single document that (1) inventories the property in the decedent's estate and (2) contains an appraisal of the property in the inventory. California Probate Code § 8800(a).

North Carolina law does not require a formal reading of the will. How may I get a copy of a will after my loved one has died? After someone has died, the will may be filed with a clerk of court. A decedent's will becomes a public record when it is filed, after the decedent's death, with the clerk of court.

The first step in probating an estate is to locate all of the decedent's estate planning documents and other important papers, even before being appointed to serve as the personal representative or executor.

In North Carolina, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

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North Carolina Order to File Inventory or Account