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An Informal Petition may be submitted to the Court for review and consideration after giving just seven (7) days advance notice to the interested parties. Unlike the informal procedure, a Petition for Formal Probate is filed with the Court prior to giving notice.

By Massachusetts statute, a probate case must be kept open for twelve months to allow creditors to file any claims against the estate and before final distributions should be made to the heirs. The good news is that not all estates must go through probate. Certain factors determine whether probate is necessary.

Is there a deadline to probate an estate? The general rule is that an estate has to be probated within 3 years of when the decedent died.

Massachusetts does not have what's known as an Affidavit procedure for small estates, but they do have a summary probate procedure. An estate value must be less than $25,000 and have no real property to qualify.

Massachusetts certificate of title bond costs start at $100. The exact cost will vary depending on the surety bond amount required by the Massachusetts Registry of Motor Vehicles. Bond amounts up to $5,000 cost $100. Bond amounts from $5,001 to $25,000 cost $20 for every $1,000 of coverage, starting at $100.

Informal probate is an administrative proceeding, which means that it is processed by a Massachusetts Uniform Probate Code (MUPC) Magistrate instead of a judge. The court doesn't allow hearings for this process. Informal probate can be a faster process if you meet all the requirements.

The petitioner, or affiant, must provide detailed information about the estate, the property in question, the decedent, and any other potential heirs. This process can be used to avoid probate court in Massachusetts when the value of the estate is no greater than $25,000.

The penal sum is the maximum amount set forth in the bond which the surety will be required to pay in the event of the principal's default. 2. Generally, the penal sum is the amount of the contract entered into between the principal and the obligee.

The deceased commonly leave behind debts that creditors will undoubtedly want to be paid. Massachusetts law gives unsecured creditors one year after the debtor's death to make a claim against the estate. For this reason, any probated estate must remain open for one year.

"The penal sum must equal the amount of the personal property (dollar for dollar)." Per MUPC at § 3-603, " a magistrate may approve a personal representative bond in any amount that meets the statutory requirements as the sufficiency of sureties is never determined by the magistrate.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232