What is the small estate limit in Massachusetts?

The Massachusetts small estate affidavit, known also as the 'Voluntary Administration Statement' or 'MPC 170', may be used by a petitioner in the event that a decedent passes away leaving personal property (no real property) valued at $25,000 or less not counting one motor vehicle.

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Massachusetts Voluntary Administration

Massachusetts Voluntary Administration

Name: Massachusetts Voluntary Administration
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.75 (217 reviews)

Category:

Massachusetts Probate - Statewide - Administration

State:

Massachusetts

Control #:

MA-CJP7

Format:

Instant download

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Description Voluntary Administration

This is a Massachusetts trial court Probate and Family Court Department form for use in Probate proceedures. This form is a Voluntary Admission used when the estate of the decedent consists entierly of personal propery valued at $15,000 or less, excluding the decedent's automobile. An expedited process for probate is available in this case.

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FAQ

The Massachusetts small estate affidavit, known also as the 'Voluntary Administration Statement' or 'MPC 170', may be used by a petitioner in the event that a decedent passes away leaving personal property (no real property) valued at $25,000 or less not counting one motor vehicle.

Every financial institution will have a different threshold as to the amount they will transfer without a Grant of Probate. To provide you some guidance, a balance of somewhere in the vicinity of $20,000.00 $50,000.00 will not require a Grant of Probate.

A voluntary administration, also referred to as a small estate proceeding, is a court proceeding on death for personal property worth $30,000 or less, and is used whether or not the decedent had a will.The voluntary administration aims to simplify the court process if your estate is smaller in value.

If a person dies with a will, a petition to probate the will is filed with the probate court in the county where the deceased resided at the time of death, asking for letters testamentary to be issued, giving the executor authority to handle the estate affairs.

Informal probate is handled by a magistrate, not a judge. There are no hearings. It is a simple, straightforward, expedited process. In fact, informal probate can be completed in as little as seven days after a loved one's death.

Probate and Family Court Voluntary Administration Statement (MPC 170) Voluntary administration is a simplified probate procedure for an estate with minimal assets and no real estate.

Simplified Probate First, if the deceased person left no real estate and all the property in the estate is worth no more than $25,000 (minus the cost of a vehicle), any interested person may offer to serve as voluntary personal representative (executor).

Massachusetts Voluntary Administration

Description Voluntary Administration

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How to fill out Massachusetts Voluntary Administration?

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FAQ

What is the small estate limit in Massachusetts?

What is the limit to avoid probate?

What is a voluntary administrator?

How do I get a letter of testamentary in Massachusetts?

How long does informal probate take in Massachusetts?

What is a voluntary administration statement in Massachusetts?

How much does an estate have to be worth to go to probate in Massachusetts?

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