Massachusetts Petition to Determine Distribution Rights of the Assets of a Decedent

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This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

The Massachusetts Petition to Determine Distribution Rights of the Assets of a Decedent is a legal document filed in the probate court in Massachusetts. This petition is used to determine how the assets of a deceased person will be distributed among their heirs and beneficiaries. It is important to understand the different types of petitions that can be filed under this category in order to ensure the proper legal procedures are followed. Here are some relevant keywords and types of Massachusetts Petition to Determine Distribution Rights of the Assets of a Decedent: 1. Probate Court: The probate court is the legal authority responsible for handling matters related to the distribution of assets after a person's death. This court oversees the petitions and ensures that the deceased person's wishes are followed. 2. Decedent: Refers to the person who has passed away, and whose assets are subject to probate and distribution. 3. Distribution Rights: Entitlements and rights to the deceased person's assets, including financial accounts, real estate, personal possessions, and investments. 4. Heirs: Individuals related to the decedent, such as children, spouses, or other blood relatives, who may be entitled to a share of the assets based on either the decedent's will or the laws of intestacy. 5. Beneficiaries: Individuals or organizations named in the decedent's will, who are designated to receive a portion of the decedent's assets. 6. Intestate: When a person dies without a valid will, their estate is distributed according to the laws of intestacy, which vary depending on the state. In Massachusetts, the intestacy laws determine the distribution of assets if there is no will or if the will is deemed invalid. 7. Testate: When a person dies with a valid will, the distribution of their assets will be dictated by the terms specified in the will. The petition may be filed to ensure the proper execution of these wishes. 8. Executor/Administrator: The person appointed by the probate court to manage the deceased person's estate, gather assets, pay debts, and distribute assets as per the court's orders or the terms of the will. 9. Trustee: If the decedent had established a trust, they would have appointed a trustee to manage and distribute the trust assets. The petition may be filed to determine the distribution rights of these trust assets. 10. Petition for Formal Probate: A type of petition filed with the probate court that initiates the formal probate process. This petition requests the court's approval to distribute the assets of the decedent according to either the terms of the will or the laws of intestacy. 11. Petition for Informal Probate: A simplified version of the petition that can be filed when the estate is small or when the named executor or administrator is not contesting the distribution of assets. 12. Petition for Determination of Descendants: This petition is utilized when there is a dispute or uncertainty regarding the rightful descendants of the decedent. It seeks the court's decision on the valid heirs entitled to the distribution of assets. By understanding these various types of Massachusetts Petition to Determine Distribution Rights of the Assets of a Decedent, individuals can navigate the probate process and ensure that the deceased person's assets are distributed correctly and in accordance with the relevant laws and wishes.

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FAQ

A personal representative (or legal personal representative), also known as the executor, is the individual chosen to administer the estate of a deceased person. They are designated as such by the decedent or by a court.

Probate court ensures that a will is executed ing to the wishes of the individual who has passed away. It makes sure that all debts owed are paid and that assets are distributed properly.

Probate court is a specialized type of court that deals with the property and debts of a person who has died. The basic role of the probate court judge is to assure that the deceased person's creditors are paid, and that any remaining assets are distributed to the proper beneficiaries.

Probate is the legal process that you must follow to transfer or inherit property after the person who owned the property has passed away. Depending on the amount and type of property the deceased person owned, you may or may not need to go to court to transfer or inherit the property.

Probate is when the court supervises the processes that transfer legal title of property from the estate of the person who has died (the "decedent") to his or her beneficiaries.

Common sources of information about asset existence include: The will. A list the decedent prepared in advance. The decedent's lawyer or tax accountant.

This is when courts transfer the ownership of assets to beneficiaries or heirs. The final distribution only occurs when the estate is settled, meaning all creditors and taxes have been paid, all disputes have been resolved, and the judge gives final approval.

Probate is the process completed when a decedent leaves assets to distribute, such as bank accounts, real estate, and financial investments. Probate is the general administration of a deceased person's will or the estate of a deceased person without a will.

A distribution is the delivery of cash or an asset to a given heir. After resolving debts and paying any taxes due, the executor should distribute the remaining estate to the heirs in ance with the instructions in the will (or as dictated by the court).

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(4/15/16) This form must be used to identify a Decedent's devisees -- persons, entities, charitable organizations, or trusts designated in a will to receive the ... Petitioner: Interested persons identified by Massachusetts law who can file a petition. Decedent: The person who died. Heirs at Law: At the time of the ...... file a petition for final distribution. If the representative does not file ... Distribution of the estate assets in compliance with the court order entitles ... Show carrying value of assets sold less total sales proceeds. B. Provide copy of broker's statement or signed settlement sheet as verification. VIII. Sep 19, 2022 — (1) record a certified copy of a foreign probate petition or appointment that recites the date of death;. (2) Massachusetts Inheritance Tax Lien ... ... file a petition to revoke it because an improper distribution has been ordered. ... right to access the property and any digital asset stored in the property; and. Dec 9, 2022 — ... deceased spouse received MA, determine whether a claim is allowed under ... You have the right to recover from a deceased MA member's assets in ... Dec 9, 2022 — ... (MA) estate recovery. This allows a local agency to make an MA claim against a decedent's probate assets and, in certain circumstances ... Heirs/Heirs at Law: the persons who would inherit the decedent's estate if the decedent died intestate, as determined by law at the time of the decedent's death ... The decedent's assets transfer to those named in their will. This is in line ... File a petition for final distribution and accounting. Receive tax clearance ...

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Massachusetts Petition to Determine Distribution Rights of the Assets of a Decedent