§ 2 Forms of accounts
§ 3 Examination on oath
§ 4 Securities and moneys; requirement of production
§ 5 Property; accounting; profits or losses
§ 6 Property subject to accountings
§ 7 Account of guardian or conservator of mentally ill person or a person with an intellectual disability; allowance; condition precedent
§ 8 Income from realty; accounting; manner
§ 9 Mortgaged realty; manner of accounting; right of entry
§ 10 Mortgaged realty; redemption; release
§ 11 Realty taken by executor or administrator on execution; personal assets
§ 12 Realty held in mortgage or on execution; manner of sale
§ 13 Realty held in mortgage or on execution; disposition
§ 14 Burial lot and monument; allowance
§ 15 Perpetual care; costs
§ 17 Expense of procuring surety chargeable on estate
§ 31 Settlement by receivers
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Terms Used In Massachusetts General Laws > Chapter 206 - Accounts and Settlements of Executors, Administrators, Guardians, Conservators, Trustees and Receivers

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Executor: A male person named in a will to carry out the decedent
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Oath: A promise to tell the truth.
  • 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.
  • 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.
  • Trustee: A person or institution holding and administering property in trust.