Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Secure Debt Shall Forget The Day In Mecklenburg
State:
Multi-State
County:
Mecklenburg
Control #:
US-00181
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Word;
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FAQ
What's the Probate Filing Deadline in North Carolina? If the deceased person left a valid will, the executor named in the will can file a petition to probate the will at any time after the death of the testator, ing to Article 2A of Chapter 28A of the NC General Statutes.
Probate Threshold for North Carolina The formal probate process typically applies to estates with a value exceeding $20,000.
The Consequences of Not Filing Probate This may leave necessary assets out of reach when they are most needed. Difficulty in Transferring Ownership: Real estate and vehicles owned by the deceased will remain in their name, making it legally complex to transfer ownership without the probate process.
When a person dies, their property and assets may need to go through the probate process. Although probate is not always required in North Carolina, an estate generally does need to go through probate if the decedent only owns property solely in their own name.
Do All Estates Have to Go Through Probate in North Carolina? Smaller estates with probate-qualified assets valued at less than $20,000 can avoid the formal probate proceeding. If the surviving spouse inherits the whole estate, however, the estate's value can't exceed $30,000 if probate is to be avoided.
Since probate is not automatically triggered after someone's death in North Carolina, the general recommendation is that the process is opened by a probate estate representative within 60 days after death.