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 duty of settling and distributing the estate of a decedent (one who has died) is assigned to personal representatives of the decedent. A Personal Representative may be an executor (male or female) or executrix (female), or administrator (male or female) or administratrix (female). An executor or executrix is the person named in a will to administer the estate. An administrator or administratrix is a person appointed by the court to administer the estate of someone who died without a will. Executors and administrators act as officers of the court because they derive their authority from court appointments. They are also considered the fiduciaries, or trusted representatives, of the deceased. As such, they have an absolute duty to properly administer the estate solely for its beneficiaries.