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Tag: Informal Probate

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Estate Administration
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Retrieving Results...

The Ethics of Being a Personal Representative

Settling An Estate With Fairness

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What If There Is No Will?

What to expect from the estate of a family member who did not have a Will.

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An Introduction to Probate and Estate Administration in Massachusetts

Discussing basic aspects of voluntary, formal, and informal estate administration in the Massachusetts Probate Courts

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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

Probate involves a series of required legal steps, Probate involves a series of required legal steps, beginning with the Court’s appointment of a Personal Representative and continuing through administration and final distribution of assets.

Because the process includes statutory waiting periods, creditor claims, and formal approvals, estate administration often takes at least a year—and sometimes longer.

Understanding the process helps set realistic expectations. We are happy to answer questions about estate administration.
And to be safe, for fear the beneficiaries will st And to be safe, for fear the beneficiaries will still be able to upset our best efforts to protect them from themselves, we can include in the trusts we create a “spendthrift clause” which says, in effect, the beneficiaries cannot sell their interest in the trust, and so long as the Trustee continues to hold the assets, the beneficiaries’ shares are beyond the reach of their creditors, in whole or in part depending on how the trust is written. 

In other words, the beneficiary is not able to assign their right to trust property in exchange for chips at the casino or the new Porsche 911. 

Thinking about creating a trust for a beloved spendthrift in your life? We would be glad to chat.
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