§ 1 Administration of estates
§ 2 Settlement of estates
§ 3 Insolvent estates; settlement
§ 4 Insolvent estates; transmittal to foreign executor; conditions
§ 5 Insolvent estate; surplus; disposition
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Terms Used In Massachusetts General Laws > Chapter 199 - Settlement of Estates of Deceased Non&Ndash;Residents

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Executor: A male person named in a will to carry out the decedent
  • Personal property: All property that is not real property.
  • Probate: Proving a will
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.