Liberty Law & Title LLC » Estate Planning
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Liberty Law & Title LLC is a boutique law firm and title company that specializes in real estate, business law, and private equity cases. Their services are available in the Newburyport, Boston, Massachusetts, and Portsmouth New Hampshire regions. Their team of experienced attorneys provides expert legal advice and assistance to clients in need of legal solutions in these areas.
Liberty Law & Title LLC » Estate Planning
4M ago
Probating an estate in Massachusetts involves the legal process of administering the estate of a deceased person, including validating the will, paying debts, and distributing assets to heirs. Here is a general overview of the probate process in Massachusetts:
Filing the Petition:
The process typically begins with filing a petition for probate in the Probate and Family Court in the county where the deceased person lived at the time of their death.
If there is a will, the original will should be submitted along with the petition.
Appointment of Personal Representative:
The c ..read more
Liberty Law & Title LLC » Estate Planning
7M ago
While you are not legally required to have a will in Massachusetts, having one can be a very good idea. A will is a legal document that allows you to specify how your assets and property should be distributed after your death. Without a will, the distribution of your assets will be determined by the state’s intestate succession laws, which may not align with your wishes.
Here are a few reasons why having a will in Massachusetts (or any state) can be important:
Control over Your Assets: A will allows you to dictate who will inherit your property, assets, and belongings. Without a will ..read more
Liberty Law & Title LLC » Estate Planning
7M ago
I inherited Mom’s House – Now What?
It’s great that you’ve inherited your mom’s house in Massachusetts! Inheriting a property can come with various legal, financial, and emotional considerations. Here are some key steps and things to keep in mind:
Confirm the Inheritance: Ensure that you have legally inherited the property. This usually involves going through a legal process like probate. Consult with an attorney to make sure all necessary steps are taken.
Understand the Property: Gather all relevant documents related to the property, including the deed, mortgage papers, property tax records ..read more
Liberty Law & Title LLC » Estate Planning
7M ago
Estate planning in Massachusetts is not a one-stop shop for everyone and should be tailored to your specific needs and circumstances. However, there are some documents that should make up everyone’s estate plan. Here are some key steps and considerations for your estate plan:
1. Gather Information: Begin by compiling a list of your assets, including bank accounts, real estate, investments, retirement accounts, and personal belongings. You’ll also need information about any outstanding debts or liabilities.
2. Will – You should create a will if you haven’t already done so. A will allows you to ..read more