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A trustee is a person that the creator, or grantor, of a trust puts in charge of it. It is a fiduciary position, meaning that the trustee has an obligation to act in the interest of the trust's beneficiaries. Administering one's trust is a position of enormous...
Did you know that probate costs anywhere from $15,000 to $20,000 on average? Failing to complete your estate planning documents could lead to your estate going into probate and costing thousands of dollars to resolve. These high costs are directly related to...
Most decedents' estates go through the probate process once they pass away. While the probate process in each jurisdiction varies, its adjudication often takes between several months to several years. A court's caseload can affect how long it takes to probate an...
By Sandra MacGregor O’Brien, Esq. It is becoming more and more common for people to marry more than once. While it is important, especially with later-in-life marriages, to establish a prenuptial agreement, the one thing couples seem to neglect is updating their...
Did you know that the average cost to go through probate is around $15,000 to $20,000? That’s an expensive fee for a situation that can be completely avoided. As someone who is putting together an estate plan now, one of the things you’ll want to do is to talk to your...
When creating an estate plan, you’ll probably think long and hard about what will happen to your assets upon your death. You may not spend nearly as much time learning more about the ways you can protect yourself while you’re alive. This is where a power of attorney...
The internet is full of articles that suggest probating a will is easy. Yet, just as you can find articles telling you how to do almost anything in five easy steps, the truth is somewhat different. Probate is a legal process. Unless you studied law, you are unlikely...
A person's debts do not go away after he or she dies. Creditors could file claims against the estate. If solvent, the estate may need to settle the debts, including ones related to local and federal taxes. Estate heirs and trust beneficiaries in Massachusetts may...
On its face, estate administration seems rather simple. After all, it is merely the process of handling an estate, ensuring that assets and debts are handled in accordance with estate planning documents and in compliance with the law. Yet, oftentimes disputes arise between estate administrators and beneficiaries. These disagreements can lead to probate litigation.
By: Sandra MacGregor O’Brien, Esq. If you have not established a Trust as a part of your estate plan, you may find yourself dealing with the Probate Court when a loved one dies. Probate is a legal process initiated in the Probate Court that may be required after...
