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North Carolina Appointment of Resident Process Agent

Resident Process Agent

Name: North Carolina Appointment of Resident Process Agent
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.83 (204 reviews)

Category:

North Carolina Probate - Estates

State:

North Carolina

Control #:

NC-E-500

Format:

Instant download

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Public form

Description North Carolina Probate Hire A Resident Process Agent

Appointment of Resident Process Agent: This is an official form from the North Carolina Administration of the Courts (AOC), which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by North Carolina statutes and law.

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FAQ

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.

Executor's Percentage Under North Carolina law, an executor may receive up to five percent of the value of the estate's receipts and disbursements" as compensation.

You must have a North Carolina address where you can physically receive and accept service of process. You must be able to forward service of process accepted on behalf of a business to the designated business.

The executor can sell property without getting all of the beneficiaries to approve.If the executor can sell the property for more than 90 percent of its appraised value then they do not need to get the permission of the beneficiaries or of the court.

On the form, you state that the value of the estate's personal property (everything but real estate) is less than $20,000 (or less than $30,000 if the surviving spouse inherits everything under state law) and that at least 30 days have passed since the person's death.

You should expect it to take a minimum of six months to a year to settle an estate because of the legal notice requirements and time that creditors have to submit claims against the estate. Creditors have 90 days from the first publication date of the notice of probate.

How Long Does It Take to Get through the Probate Process? The length of time that a probate proceeding may last is difficult to determine, but people should generally assume that it will take at least four months. Creditors must be given 90 days, which alone accounts for a three-month period.

For one, the out-of-state executor must appoint a resident agent of the state. The agent would have the power to accept service of process in all actions and proceedings with respect to the estate, according to the North Carolina Administrative Office of the Courts' Estate Procedures guide.

Resident Process Agent

Description North Carolina Probate Hire A Resident Process Agent

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