Massachusetts Petition For Supervised Administration is a legal document that is filed with the Probate and Family Court in the state of Massachusetts. The petition is filed by a person or an organization that wishes to become a supervised administrator over a deceased person's estate. The petition is used to obtain permission to manage the assets and debts of the deceased person. Supervised administration is typically used when the estate is too complex or has too many assets to be handled by an executor without assistance. There are two types of Massachusetts Petition For Supervised Administration. The first is the Petition for Supervised Administration of an Intestate Estate, which is used when the deceased person died without a will. The second is the Petition for Supervised Administration of a Testate Estate, which is used when the deceased person left a valid will. Both types of petitions require the filing party to provide information regarding the deceased person's assets and debts, as well as other relevant information.
Massachusetts Petition For Supervised Administration
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An itemized list of the estate's assets. Any funds or property received by the estate during its administration. All expenses paid by the estate, including payment to the Executor, funeral expenses, taxes, debts, etc. Any distributions to beneficiaries, already made and planned.
In person. You can submit the forms and fees in person at the correct Probate & Family Court. If the decedent lived in Massachusetts ? File in the county where they lived when they died. If the decedent didn't live in Massachusetts ? File in any county where the decedent had property when they died.
If you are unmarried with children, all of your estate will pass to your children in equal portions. If you are unmarried without children, your estate will pass to your parents in equal portions. If you have no surviving parent at the time of death, your assets will be divided among your siblings in equal portions.
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. However, this deadline doesn't apply to: A voluntary administration.
If you believe that the executor is not living up to their duties, you have two legal options: petition the court or file a civil lawsuit. Beneficiaries can petition the court to have the executor removed from their positon if they can prove they should be removed for one of the reasons listed above.
In some states, executor fees are a certain percentage of the probate estate, but in Massachusetts the executor is entitled to ?reasonable compensation.? The fees can also be subject to approval by the probate court.
Letters of Administration in probate are the documents that allow the necessary legal processes to start. Probate refers to the practice of administering an Estate after someone dies; if the deceased person did not have a Will, probate cannot begin without court approval.
A petition for instructions must address a present issue. It cannot request direction on a future duty, hypothetical action or ratification of the fiduciary's past conduct. A petition for instructions is specifically permitted by the Massachusetts Uniform Trust Code (MUTC).