Estate Planning Archives - Liberty Law Newburyport, Boston, MA, Portsmouth, NH Real Estate, Estate Planning, Elder Law and Business Lawyers

Estate Planning Real Estate Law UncategorizedAm I Responsible to Pay the Mortgage on an Inherited Property?

February 5, 2024by MikeMcCarthy0

When inheriting a property with an existing mortgage, several considerations come into play. The specific circumstances may vary based on the terms of the mortgage contract, and the arrangements made by the individual who has passed away. Simply put, if you inherit a property, you are responsible to make payments on the mortgage,… Continue Reading Am I Responsible to Pay the Mortgage on an Inherited Property?

Estate PlanningUnderstanding Probate in Massachusetts

January 18, 2024by MikeMcCarthy0

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… Continue Reading Understanding Probate in Massachusetts

Estate PlanningDo I need a Will in Massachusetts?

October 31, 2023by MikeMcCarthy0

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… Continue Reading Do I need a Will in Massachusetts?

Estate Planning Real Estate LawI Inherited A Family Home – Now What?

October 20, 2023by MikeMcCarthy0

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… Continue Reading I Inherited A Family Home – Now What?

Estate PlanningMassachusetts Probate

October 17, 2023by MikeMcCarthy0

The probate process in Massachusetts is the legal procedure by which a deceased person’s assets and estate are administered and distributed after their death. It’s important to note that the probate process can be complex and time-consuming. Here’s an overview of the probate process in Massachusetts: Filing a Petition: To initiate the probate process, a… Continue Reading Massachusetts Probate

Estate PlanningEstate Planning 101

October 12, 2023by MikeMcCarthy0

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,… Continue Reading Estate Planning 101

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