Legal Question in Wills and Trusts in Massachusetts

Life estate deeded in 2000

Do I have to include the value of real property on the Bond of Executor form where there was a life estate granted in 2000? Person died in 2007.


Asked on 6/06/07, 12:18 pm

1 Answer from Attorneys
Alexandra Golden Golden Law Center

Re: Life estate deeded in 2000

No. A life estate passes outside of probate and is not included on either the bond or the inventory. However, you do need to determine whether the total value of ALL of the decedent's assets (including the life estate and other assets which pass outside of probate) exceed $1 million, which is the threshold for Massachusetts estate tax.

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Answered on 6/06/07, 12:30 pm


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