Raleigh North Carolina Personal Representative's Deed to an Individual

State:
North Carolina
City:
Raleigh
Control #:
NC-031-77
Format:
Word; 
Rich Text
Instant download

Description

This form is an Personal Representatives's Deed where the grantor is the individual appointed as Personal Representative of an estate and the Grantee is the beneficiary under law. Grantor conveys the described property to Grantee and only covenants that the transfer is authorized by the Court and that the Grantor has done nothing while serving as personal representative to encumber the property. This deed complies with all state statutory laws.

A Raleigh North Carolina Personal Representative's Deed to an Individual is a legal document that transfers real estate ownership from an estate to an individual, specifically appointed as the personal representative or executor of the deceased's estate. This type of deed is used in probate proceedings to distribute the assets of the deceased person. Under North Carolina law, there are several types of Personal Representative's Deeds that can be used in Raleigh. These include: 1. Executor's Deed: This deed is used when the personal representative is named as an executor in the deceased's will. It transfers the property to the individual beneficiary named in the will. 2. Administrator's Deed: If the deceased person did not leave a will or did not name an executor, an administrator is appointed by the court to handle the estate. This deed is used by the court-appointed administrator to transfer the property to a specific individual beneficiary. 3. Dower Release Deed: In cases where the deceased person was married, this deed is required to release the surviving spouse's dower rights. The personal representative must execute this deed to ensure a clear transfer of ownership to the individual beneficiary. 4. Disclaimer Deed: If the personal representative or executor chooses not to accept ownership of the property, they can execute a disclaimer deed. This document disclaims their interest, allowing the property to pass to the next appropriate beneficiary. When drafting a Raleigh North Carolina Personal Representative's Deed, it is crucial to include essential keywords that accurately describe the document. Keywords that can be incorporated into the content may include: Raleigh, North Carolina, Personal Representative's Deed, Executor's Deed, Administrator's Deed, Dower Release Deed, Disclaimer Deed, probate proceedings, estate, legal document, real estate ownership, transfer property, individual beneficiary, court-appointed administrator, deceased person, will, executor, next appropriate beneficiary.

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FAQ

North Carolina does not allow real estate to be transferred with transfer-on-death deeds.

With regard to transfer or real property by beneficiary designation, as of the date of this writing, North Carolina (unlike some other states) does not allow real property to transfer through a beneficiary designation - transfer on death deeds.

This type of ownership does not have survivorship rights in the property. So, at the death of one owner, the property passes to the deceased owner's heirs, as opposed to other owners.

There is a legal process to get the property transferred in the name of the beneficiaries or legal heirs. If there is Will, the transfer process is simple, provided nobody is challenging the Will. The executor will transfer the property to the beneficiary mentioned in the Will.

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 decedent's non-survivorship real property is vested in his or heir heirs as of the time of death G.S. 28A-15-2(b).

A Lady Bird Deed is a deed that allows a real estate owner to transfer a contingent ownership interest in a piece of property to specific and designated beneficiaries while still retaining an enhanced life estate. This means that a beneficiary's claim to the property will not vest until the property owner dies.

The answer is yes, it's perfectly normal (and perfectly legal) to name the same person as an executor and a beneficiary in your will.

With regard to transfer or real property by beneficiary designation, as of the date of this writing, North Carolina (unlike some other states) does not allow real property to transfer through a beneficiary designation - transfer on death deeds.

Once the Grant has been received the personal representative has a duty to collect in the assets of the deceased, pay the liabilities and distribute the estate to the beneficiaries. They have many powers to assist them when dealing with an estate e.g. power to sell property, insure property and invest monies, etc.

Both the heirs' signatures and the executor's signature must be acknowledged in the presence of a notarial official before the deed can be recorded in the county where the subject property is located. An affidavit of consideration or value is required for deeds recorded in Currituck County.

More info

Probate is the legal process that often happens after someone dies, whether or not that person left a last will and testament. The personal representative has authority over all assets of the deceased person that go through probate; these assets make up the "probate estate.301 North Wilmington Street Raleigh, North Carolina 27601-1058 (919) 814-4600. North Carolina is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the 50 United States. Get your bachelor's, master's and doctoral degrees at Hawaii Pacific University - a private college in downtown Honolulu. Explore tuition-saving opportunities at our accredited online college! ()(c) The nme of the reporting person is Slem Lnce Vn Every. Each participant must be prepared to provide proof of NC residency for a minimum of three consecutive months in 2021. Edward Jones offers a personal approach to investing with 18000 financial advisors ready to support your retirement, education savings and insurance needs.

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Raleigh North Carolina Personal Representative's Deed to an Individual