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Estate Planning
: North Carolina Estate Planning BlogSmall Estate Amount to Increase by $10,000
By Gregory Herman-Giddens
Effective October 1, 2009 the threshold for small estate proceedings (often called Affidavit for/of Collection) under North Carolina General Statutes Section 28A-25-1 will increase to $20,000 for estates where there is no surviving spouse or he or she is not the sole heir, and $30,000 where the surviving spouse is the sole heir.
Using this procedure can avoid the cost and time involved in a full probate proceeding.
Session Law 2009-175, House Bill 203
Full post as published by North Carolina Estate Planning Blog on July 16, 2009 (boomark / email).
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