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Tag: Intestate Distribution

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Retrieving Results...

What If There’s No Will?

The Laws of Intestate Succession in Massachusetts

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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

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.
According to recent reports, the average age of fi According to recent reports, the average age of first-time home buyers has climbed to 40, with first time buyers representing merely 21% of the market; the lowest percentage since NAR began tracking in 1981. 

Anecdotally, agents and loan officers have been sharing with us that some substantial portion of all first-time buyers are receiving significant financial help from their parents.

This reflects the limited inventory of affordable homes for young buyers, the financial consequences of which will be felt for generations. Assisting a child in buying a home is no longer reserved for the ultra-wealthy as regular families look for ways to get their children onto the housing ladder. 

When structuring this type of gifting, parents should consider their financial, legal and tax planning to ensure both they and their children make the safest and most efficient investment possible.
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