The administration of a deceased person’s estate is managed by the personal representative of the estate. There are a wide range of different responsibilities and rules placed on a personal representative in connection to this management. So, there can be a lot...
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Estate Administration & Probate
Dealing with credit card companies when administering an estate
There are many things regarding the credit card debt of the estate that a personal representative needs to determine when administering the estate.Among these are whether the estate has any such debt and, if it does, what the amount of this debt is. This is because...
What does the probate process involve?
It is a term that some might find intimidating: probate. But what exactly is the probate process?Generally speaking, the probate process is the legal process for sorting out what happens with the property in a person's estate after they pass away. Now, there are many...
What types of property can avoid probate?
From an estate planning perspective, informal probate may be better than formal probate, and bypassing the process altogether may be the best approach of all. Yet is avoiding probate a realistic goal?As a law firm that focuses on estate planning, we would answer that...
Probate can be avoided when necessary
Keeping an estate out of probate is at the top of many people's estate planning wish lists. Probate does of course have its place in the estate administration process, but it can create unnecessary headaches and lengthy time commitments when not needed. For those in...
Compiling an inventory one of the personal representative’s tasks
Being a personal representative of a person's estate is no minor thing. It is an important role and there are many different tasks that go along with holding this role.One of the things a personal representative of an estate here in Massachusetts is to do is complete...
Digital assets can pose estate planning difficulties
One of the changes the internet and computer age has brought about is a change in the types of assets individuals have. In today's world, many people have a fair amount of digital assets, such as digital photos, digital videos, social media accounts, digital...
Beneficiary designation oversights could impact asset class
Many types of assets are subject to going through the probate process when a person dies. However, not all are. Certain types of assets skip probate when a person dies. These assets are called non-probate assets.There are a variety of different types of non-probate...
Proper handling of estate debt important in estate administration
Estate administration involves many things. One is addressing debt that the deceased still held upon their death. When a person dies while they still hold debt, their estate generally is liable for the debt. There are a variety of different rules regarding the paying...
Baby boomers and their parents: who will struggle more?
For decades after World War II people thought very little about the influx of children into society. Called the baby boomer generation, these children were considered a symbol of America's triumph over oppression, reigning in a new era destined for greatness and...