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Tag: Drafting a Will

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Retrieving Results...

Compensation of Personal Representatives

When and How Much Personal Representatives May Charge

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No-Contest Clauses

The Purpose and Effect of In Terrorem Clauses in Massachusetts Wills

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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

The Court can allow a P.R. to serve “without sur The Court can allow a P.R. to serve “without sureties,” meaning that the P.R.’s promise alone is sufficient; with “personal sureties,” meaning the P.R. must find two individuals to essentially act as the P.R.’s guarantors, or with “corporate sureties” meaning the P.R. must pay a surety company to underwrite their performance, sort of like an insurance policy. 

Corporate sureties can be quite expensive and if no surety company is willing to underwrite the proposed P.R. (e.g. if the P.R. has disastrous credit or an unsavory financial past), then the proposed P.R. may not serve. 

Many variables influence which kind of bond the Court will require. If you have any questions about seeking appointment as a P.R., please contact us today.
Probate can be a complex and time-consuming proces Probate can be a complex and time-consuming process, often lasting a full year or longer. 

For Personal Representatives, this period requires careful attention to timing, responsibilities, and potential claims from creditors. Distributing assets too early can create personal liability, while certain expenses, family allowances, and administrative costs still need to be managed along the way.

Questions about serving as a P.R. and protecting yourself from claims? We would be glad to speak with you.
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