Small Estates in North Carolina
For various reasons, individuals may pass away leaving behind "small" estates. A small estate consists of less than $20,000 in personal property ($30,000 in certain circumstances). North Carolina allows estates of this size to be administered without having to go through the formal probate process.
Going through the small estate administration process is easier than going through the full probate process, but may not be the best choice for the estate. If the estate plans to sell real property during or after the course of administration, going through the full administration will close the door on creditors.
To determine whether your or a loved one's estate qualifies for the small estate administration process, please contact me.