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How do you avoid probate in Massachusetts?

Naming Beneficiaries Any account that has a beneficiary, transfer-on-death designation, or payable-on-death designation will avoid probate and pass directly to your beneficiary when you pass. In order to make these designations, you can contact each financial institution and fill out their required forms.

What needs probate in Massachusetts?

Typically, you have to probate the decedent's estate if you need to: Find out if the decedent's will is valid. Change the title (ownership) of real estate or personal property, such as bank accounts, stocks, or bonds, that is only in the decedent's name without any right of survivorship. Pay the decedent's creditors.

What is Voluntary Administration Massachusetts?

Voluntary administration is a simplified probate procedure for an estate with minimal assets and no real estate.

What is a Letter of Administration in Massachusetts?

Letters of Administration are Simply a Document that Gives You the Power to Act. The Probate Pro understands that there is much confusion as to the term Letters of Administration or Letters of Authority.

What is a letter of administration used for?

What Are \u201cLetters of Administration\u201d? Letters of Administration are official documents that grant an individual permission to access and manage an Estate after someone dies. This individual -- called the Administrator of Estate -- is then in charge of paying outstanding debts and distributing property to relatives.

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What happens to vehicle when owner dies in Massachusetts?

If a decedent has left a will, the personal representative of the estate may transfer ownership of the vehicle. He/she must give the following documents to the new owner: A copy of the appointment of personal representative. Decedent's certificate of title assigned by the personal representative.

Does a car have to go through probate in Massachusetts?

Automobile Transfers not Requiring Probate For any other family member, unfortunately, a probate (or voluntary administration) will be required to transfer ownership.

What needs probate in Massachusetts?

Typically, you have to probate the decedent's estate if you need to: Find out if the decedent's will is valid. Change the title (ownership) of real estate or personal property, such as bank accounts, stocks, or bonds, that is only in the decedent's name without any right of survivorship. Pay the decedent's creditors.

What are the requirements for letter of administration?

4 What are the requirements for processing of letters of administration? Original Death Certificate of the Deceased containing his/her full names and date of death. Bank Verification Number (BVN) of the deceased. Passport Photograph of the deceased. Names and Bank Account Numbers of the deceased.

What assets are subject to probate in Massachusetts?

Probate assets can include vehicles, real estate, bank and brokerage accounts, and personal belongings (for example, jewelry, home furnishings, artwork, and collections). Life insurance proceeds that are payable to the estate (not a named beneficiary) are also probate assets.

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