Estate Planning - MGL
Terms
undefined, object
copy deck
- 214 s. 30A
- Who are "interested parties"?
- 203
- Trusts
- 202
- Sales and leases of real property by executors and guardians
- 201E
- Uniform Transfer on Death Security Registration Act
- 201D
- Health care proxies
- 201C
- Custodian trusts
- 201B
- Durable powers of attorney
- 201A
- UTMA
- 201
- Guardians and conservators
- 195
- General Provisions Relative to Executors and Administrators
- 194
- Administrators
- 192
- Probate of wills
- 191B
- Uniform Statutory Will Act
- 191A
- Disclaimer of Certain Property Act
- 191
-
Wills
(including elective share) - 190
- Descent and Distribution of Real and Personal Property
- 189
- Dower and curtesy
- 188
- Homestead statute
- 184A
- Rule against perpetuites
- 190A
- Uniform Fraudulent Transfer Act
- 191 s. 15
- Elective share
- 195 s. 16
- Who can initiate probate. Executor if named in will. If not, spouse, child, grandchild, parent, sibling, nephew, aunt or uncle.
- 191 s. 1
- Requirements for a valid will
- 201 s. 38
- Estate planning for a minor or incompetent
- 191 s. 2
- If someone is both a beneficiary and a witness, the will can be probated but the interested witness (and their spouse) will lose their legacies as if they predeceased the decedent, unless there were two other disinterested witnesses.
- 197 s. 9
-
All claims must be filed within 1 year after T’s death, otherwise barred, except:
a) new assets discovered
b) action on claim accrued more than 1 year later
c) claim covered by insurance but only to extent of policy limits
d) or "where justice and equity require it." - 203C
- Prudent Investor Act
- MGL c. 175 s. 125
- Creditors of an estate cannot intercept the proceeds of life insurance upon death