If you live in North Carolina and wish to take advantage of a sales tax holiday near you, try shopping in one of these five nearby states. They all have tax-exempt weekends scheduled for 2018. Alabama will hold a severe weather tax free holiday on Feb. 23 â 25, 2018.
All of these matters are addressed by the probate process in the state in which the deceased person lived. Probate is the legal process of administering a deceased personâs estate. A decedentâs probate estate consists of assets left owned by the decedent in his or her name alone. Before any beneficiary or heir of a deceased person can receive property that belonged to the deceased person, the estate must be properly administered and all debts of the estate must be cleared.
The Personal Representative or Executor can be a person, an attorney, or a trust company (or a combination) appointed in the Will to carry out the instructions of the deceased and to do what is necessary to (properly) settle the deceasedâs probate estate.he terms of the trust may articulate a special need of beneficiaries and stipulate a method to meet these needs. When assets are distributed to beneficiaries under a trust the Estate Settlement is done by the trustee of the trust.