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Beneficiary's Representation Affidavit Reference is Made to that Form
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People also ask
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What is the difference between an executor and a personal representative?
A personal representative (or legal personal representative), also known as the executor, is the individual chosen to administer the estate of a deceased person. They are designated as such by the decedent or by a court.
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What is a personal representative of an estate in Massachusetts?
A personal representative shall have the duty to settle and distribute the estate of the decedent in ance with the terms of any probated and effective will and this code, and as expeditiously and efficiently as is consistent with the best interests of the estate.
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Can a personal representative sell property in Massachusetts?
In Massachusetts, the sale of real estate during probate is subject to court approval. The personal representative (executor), in addition to many other duties, is responsible for handling the sale. This includes listing the property, accepting an offer, and seeking court approval before the sale can be finalized.
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What are letters of authority for personal representative in Massachusetts?
When the probate court appoints a personal representative, it issues a document called “Letters of Authority.” This document is proof of the personal representative's legal authority to collect and manage estate property. The personal representative is entitled to collect a fee for the work performed for the estate.
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Is a personal representative the same as an executor in Massachusetts?
The term "personal representative" is not as familiar to most people as the word "executor." The truth is they mean exactly the same thing.
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What rights do beneficiaries have in Arizona?
The beneficiary law in Arizona is governed by the Arizona Trust Code and other relevant statutes. Beneficiaries have rights to information, distributions, and enforcement of trust terms. They may be named in revocable living trusts or wills to receive assets, subject to disinheritance rules.
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What power does a personal representative have in Massachusetts?
The personal representative shall pay taxes on, and take all steps reasonably necessary for the management, protection and preservation of, the estate in the personal representative's possession. The personal representative may maintain an action to recover possession of property or to determine the title thereto.
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What is the difference between an agent and a beneficiary?
Agency:a formal relationship where a person (the agent) acts on behalf of another person, company, or entity. Beneficiary:a person or entity who is named in either a trust or will to receive assets from the grantor of the document.
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