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A Clerk or the Judge will administer the oath, which is a pledge that the Personal Representative will follow the law and/or the Will when administering the estate. After taking the oath, the Personal Representative will sign the oath and the person who administered the oath will also sign the form.
If you haven't completed settlement of the estate within 12 months of qualifying as administrator or executor, you must file an annual inventory showing items a, b, and c, above. A simple estate can usually be closed in a year.
Unless the Will provides otherwise, under North Carolina law, Executors or Administrators may claim a commission of up to 5% of the Estate assets and receipts, as approved by the Clerk of Court. Trusts should provide specific guidance regarding compensation.
OATH OF EXECUT I DO SOLEMNLY SWEAR that the writing which as been offered for probate in the above numbered and styled Docket is the last Will of: FURTHER, I DO SOLEMNLY SWEAR that I will well and truly perform all of the duties of Independent Execut of said Will of said Deceased. Sworn to and subscribed before me on .
Simple estates might be settled within six months. Complex estates, those with a lot of assets or assets that are complex or hard to value can take several years to settle. If an estate tax return is required, the estate might not be closed until the IRS indicates its acceptance of the estate tax return.