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Fegreus & Broderick

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Later Posts

Estate Taxes: The Marital Deduction

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What do we mean when we talk about the "estate"?

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Attorney-Client Privilege & Estates

What Can the Drafting Attorney Reveal?

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Insolvent Estates

When the estate's assets are insufficient to pay debts

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Who Gets the Real Estate Sale Proceeds?

Distribution of sale proceeds by a Personal Representative

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Fegreus & Broderick, LLP

21 Custom House Street, Suite 480
Boston, Massachusetts 02110
t: (617) 737-9100 | f: (617) 737-9123
info@fegreuslaw.com

Closing an estate may not be legally required in M Closing an estate may not be legally required in Massachusetts, but it is essential.

A Personal Representative owes a fiduciary duty to beneficiaries and creditors, and a full accounting of all assets, costs, and claims ensures the estate was administered properly. Closing the estate provides final discharge from liability and answers the critical question: Did the P.R. do the right thing?

At Fegreus & Broderick, LLP, we guide Personal Representatives through the process to ensure estates are properly closed and all obligations are fulfilled.
Selling estate property depends on how the estate Selling estate property depends on how the estate is structured.

If there is a Will, it often includes a power of sale, allowing the appointed Personal Representative to move forward with the sale. Without a Will, court approval may be required, which can add steps but can still be handled efficiently with proper guidance.

If the property is held in a trust, the Trustee typically has the authority to sell it more quickly. Other factors, like Massachusetts estate tax, may also impact timing and strategy.

Fegreus & Broderick, LLP helps navigate these scenarios to ensure property sales are handled properly and efficiently.
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