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North Carolina Executor Checklist
Being named executor or personal representative is an honor, but it can also be overwhelming. Here’s a simple step-by-step guide to help you navigate the process.
1. Locate the Will & Important Documents
- Last Will & Testament
- Death certificates (order 5-10 copies)
- Trust documents (if any)
- Life insurance policies, bank & investment statements, Deeds, car titles, business records
2. Open the Estate
- File the Will with the Clerk of Superior Court in the county where the decedent lived.
- Apply for Letters Testamentary (or Administration) to officially be appointed executor.
3. Notify Necessary Parties
- Heirs & beneficiaries
- Banks & investment firms
- Mortgage companies & creditors
- Social Security & insurance companies
4. Inventory the Estate
- Make a detailed list of all assets (home, vehicles, personal items).
- Get appraisals for real property if needed.
5. Pay Debts & Expenses
- Keep a clear record of all bills paid.
- Maintain a separate estate checking account for transparency.
- File any final income or estate tax returns.
6. Prepare the Home for Sale
- Remove or store personal items.
- Consider an estate sale or donation.
- Handle minor repairs & staging for best market value.
- Once debts are paid, distribute remaining assets per the Will.
- File a final accounting with the Clerk of Court.
7. Distribute Assets & Close the Estate
- Once debts are paid, distribute remaining assets per the Will.
- File a final accounting with the Clerk of Court.
Disclaimer:
This checklist is provided for general informational purposes only and does not constitute legal advice. The duties and requirements of an executor can vary based on the specific terms of the will, the size and complexity of the estate, and applicable North Carolina laws. Executors should consult with a qualified probate attorney or tax advisor to ensure compliance with all legal obligations and to address any specific questions or unique circumstances related to the estate.