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You close out the estate with the court. It requires a final accounting and a complete plan of the distribution. If the court approves, the estate is closed.

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14y ago

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Can the executrix of an estate in the state of nc dissolve the estate without the consent of the beneficiaries?

The executrix is responsible to distribute the assets according to the will or the laws. The consent of the beneficiaries is not required.


Can the executrix of an estate dissolve the estate without the consent of the beneficiaries?

Certainly, as long as the court accepts the disposition of the property and the settlement of debts. Consult a probate attorney in the state in question.


Is there a way to dissolve a life estate by using a quitclaim deed?

Yes. The person who owns the life estate can execute a quitclaim deed to the fee owner that releases all of their right, title and interest in the property. A statement can be added to the deed stating that the purpose of the deed is to extinguish the life estate. Once that release deed has been recorded the property will be free of the life estate.


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A life estate can be dissolved by the life tenant voluntarily surrendering their rights, or through a legal action by the remainderman to terminate the life estate. Dissolution can also occur through mutual agreement between the life tenant and the remainderman, or if the terms of the life estate end naturally, such as upon the death of the life tenant.


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