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.
Life estate - an interest whereby the person possessing the life estate interest may use, reside in, and. benefit from a piece of real estate â such as receiving rent from the property (whether a residence, commercial property, or vacant land) for a specific personâs lifetime (usually the same personâs. lifetime)