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.
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 off of a deceased's debts with estate assets.
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 prosperity. Now though, baby boomers signal something else: an increased strain on the health care system and the economy.
There are many different requirements Massachusetts law has put in place when it comes to filing for probate for the estate of a deceased loved one. One such type of requirement is a notice requirement. Today, we will discuss the notice requirement for filing for informal probate in the state.
Not all probated estates here in Massachusetts go through the same form of probate. This is because there are two different probate types in the state: informal probate and formal probate.