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Fegreus & Broderick

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Protecting Our Clients and Our Closings In a Tumultuous World

When choosing a closing attorney, you need to ask: does this law firm do everything it can to protect its clients and the closing from wiring fraud and cyber crimes?

We’ve all heard horror stories of wiring fraud and protected personal information being hacked or held at ransom. Your closing attorney needs to be on the forefront of protecting clients and their transactions. Our firm has invested heavily in the latest IT systems to build a virtual fortress around our data, in partnership with TechEvolution. We have partnered with Titan Insurance in Boston to implement all available cyber insurance policies to further protect our clients and their hard-earned money. Our staff is trained in industry best practices to spot red-flags and coach our clients to be vigilant from offer to closing.

We know not all closing attorneys are taking these measures. They should be. We want you to rest assured that your closing is in good, safe hands with The Law Office of Edward Fegreus.

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techEvloution

techEvloution

 

If you have any questions about title insurance, please give us a call at (617) 737-9100 or send us an email: closings@fegreuslaw.com

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Fegreus & Broderick, LLP

21 Custom House Street, Suite 480
Boston, Massachusetts 02110
t: (617) 737-9100 | f: (617) 737-9123
info@fegreuslaw.com

When an estate doesn’t have enough assets to cov When an estate doesn’t have enough assets to cover debts such as taxes, funeral expenses, medical bills, outstanding loans, and other creditor claims, it’s considered insolvent.

In Massachusetts, a Personal Representative (P.R.) who realizes the estate may be unable to pay all obligations must represent the estate as insolvent to the court. This ensures debts are paid in a specific order of priority, provides guidance for distributing remaining assets to creditors, and protects the P.R. from personal liability for wrongful payments.

Payment of claims and expenses by a P.R. can be complicated, particularly where the total amount of claims approaches the full amount of the estate. If you're a P.R. or heir of an estate with concerns about insolvency or payment of claims, please give us a call.
Wondering if you can sell a house out of an estate Wondering if you can sell a house out of an estate? 🏡 Here’s a quick rundown.

A well-prepared estate plan makes selling a property much easier for the Personal Representative (P.R.). If the Will clearly gives the P.R. the “power of sale,” they can list and sell the home without needing court approval or permission from heirs, as long as the sale is in the estate’s best interest (i.e., no sweet-heart deals to friends and insiders).

If the “power of sale” isn't included in the Will, the P.R. has to go through the court, which can add extra time and expense.

If the property is held in a Trust, the Trustee usually has the same ability to sell without court involvement, provided the sale is in the best interest of beneficiaries. 

In either situation, the P.R. or Trustee works with real estate professionals just like any other seller, while the lawyers handle any legal documentation necessary to transfer the title smoothly.
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