In January 2009, the Massachusetts Legislature enacted the new Uniform Probate Code (MUPC). Although certain provisions of the MUPC pertaining to guardians and conservators came into effect on July 1, 2009, most changes are scheduled to take effect on January 2, 2012.
The new MUPC has an impact on the probate process and makes an effort to promote efficiencies for the court in the administration of trusts and estates. Ultimately, the MUPC is designed to simplify, streamline, and clarify the process of sett ling a decedent's affairs in a manner consistent with the decedent's intent.
Noteworthy provisions to the MUPC have been included to liberalize requirements for the disposition of tangible personal property, streamline procedures for appointment of personal representatives and for probate of certain estates, limit court supervision over testamentary trusts, and change certain default rules. Here's an overview.
Disposition of Tangible Personal Property
Currently, the Commonwealth of Massachusetts allows a written statement or list providing for the distribution of items of tangible personal property (i.e. jewelry, household furnishings, collectibles, tools, etc.) not otherwise specifically disposed of by a will.
However, understand that this is simply an expression of your wishes and does not...
You may read more at the link below.
by: Todd C. Ratner