What happens to property and it’s contents should the owner die, debt free, with no living heirs?
Should a person that has absolutely no debt, and has no living heirs dies, does the state in which the person resides assume control of their assets? If so, what is the time period in which the state, (specifically North Carolina) must hold the property prior to disposal.
Check the intestate laws of succession in North Carolina.
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February 14, 2010
4:55 pm
If there is nobody in the persons will or not living heirs the property and possessions will be taken by the state or local government and auctioned off the money made from this will go to the government.
References :
February 14, 2010
5:28 pm
the persons mother or father or someone related to them will get the property but if they have absolutely NO relatives the state will probably auction off the property
References :
February 14, 2010
5:57 pm
There is no person who has no living heirs. They may not be known, but they exist. The closest relative could be a 14th cousin, but there is a relative.
If heirs cannot be located, the probate court tries for a specified period, usually several years, and then the estate goes to the state.
References :
February 14, 2010
6:40 pm
Check the intestate laws of succession in North Carolina.
References :