Admin M.G.L. c. 190B, or Massachusetts Uniform Probate Code (MUPC) is a set of laws that deals with what happens after someone passes away. It covers things like wills, trusts, and how property and assets are distributed. The law came into effect in two stages: in July 2009, the parts related to the care of someone … Read more
From the origin of the company to the present, Facebook has been fraught with lawsuits, government regulatory actions, and harsh criticism. Of all publicly traded U.S. corporations, Facebook has one of the worst public image problems. Facebook is currently being compared to big tobacco in terms of devious tactics aimed at addicting users. The Massachusetts … Read more
Yes. The Massachusetts Homestead Act protects a person’s home from creditors in certain situations, but there are six exceptions listed in M.G.L. ch. 188 §3. These exceptions include: It is crucial to be aware of the exceptions listed in M.G.L. ch. 188 §3 because they limit the protection offered by the Massachusetts Homestead Act. While … Read more
Yes. In 2015, the Massachusetts Secretary of the Commonwealth’s Office published a well-written and highly informative packet about the Massachusetts Homestead Law (which it refers to as the “Massachusetts Homestead Act”). The official Massachusetts Homestead Act pamphlet is a must-read for anyone who is curious about Massachusetts homestead protection. – William F. Galvin, Secretary of … Read more
How the Massachusetts Homestead Protection Law defines a “home” is an important consideration. A basic dictionary definition of “home” (“a place where one lives”) is a good start. Of course, the Commonwealth’s Legislators had a lot more in mind when they wrote the Massachusetts Homestead Protection Law. For example, the law’s definition covers manufactured homes, … Read more
Yes, in some circumstances, the Massachusetts Homestead Law M.G.L. c.188, allows “stacking” exemptions together to reach $1 million. Examples and Explanations
The American Heritage Dictionary, 5th Edition, defines a “homestead” as “property qualifying as a person’s home under certain laws, such as laws providing tax abatements and exemptions, survivorship rights for spouse and children, and immunity from claims of creditors.” It defines a “homestead exemption,” as “partial or complete exemption of homesteads from certain laws, such … Read more
When the Massachusetts Legislature updated the law about homesteads in 2010, they chose a long name for the new law: “An Act Relative to the Estate of Homestead.” Since then, this law has been referred to in at least eight different ways: (1) Massachusetts Homestead Statute(2) Massachusetts Homestead Protection Law(3) Homestead Protection Law(4) Homestead Law(5) … Read more