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Determining the Value of an Estate in Maryland

Understanding how an estate is valued is a crucial step in the probate process. In the state of Maryland, the valuation of an estate involves several considerations, and navigating these complexities is important for both the Personal Representative and the beneficiaries.   Appraisal of Assets   One of the primary steps in estate valuation is […]

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What Happens with Your Debt When You Die in Maryland?

The passing of a loved one is a challenging and emotional time, and dealing with their financial affairs can be equally daunting. It’s important to understand the legal and financial processes that can happen when a person passes away and leaves behind debt.   Estate Administration Process   In Maryland, when a person passes away, […]

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Why Quitclaim Deeds Are a Risky Choice for Real Estate in Maryland

Real estate transactions involve a myriad of complex legal and financial considerations, and the choice of the right type of deed is crucial. One deed that is often used in Maryland but can be fraught with risks is the quitclaim deed. In this blog post, we’ll discuss why quitclaim deeds are often a bad idea […]

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Ways to Avoid Disputes Over Family Heirlooms

Family heirlooms can create problems among family members after a loved one has passed away. Even if the deceased had a will or trust in place, these documents may not address specific items, leaving family members the task of dividing up heirlooms fairly. This post explores ways to avoid disputes over family heirlooms.   If […]

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Best Ways to Preemptively Avoid a Will Contest

While anyone can contest your will after you have passed away, there are several things you can do to prevent them from succeeding.   The first and best way to avoid a will contest is to establish a trust. This is the most common way to avoid probate and to make contesting a will difficult. […]

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New Tax Credit for Seniors in Prince George’s County

Prince George’s County recently passed a new Elderly Tax Credit designed to reduce the financial burden on Prince George’s elderly population. The tax credit can save senior citizens up to 20% on taxes. To be eligible, you must meet the following criteria:   1. One homeowner must be 65 years of age or older;   […]

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What is the Role of a Personal Representative?

A Personal Representative (aka executor) is a person appointed in an estate plan, or, when there is no will, appointed as a matter of law or by the court. This role involves ensuring that the decedent’s wishes are fulfilled when distributing assets, as well as managing the decedent’s affairs, including paying taxes and other bills. […]

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What Happens If My Heir Dies Before I Do in Maryland?

The answer to this question depends, first, on what kind of estate planning (if any) you have done.   If you have a will or a trust in place, you have already named your beneficiaries. But unless you have named alternate beneficiaries in your will or trust, you will have little control over where a […]

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Can I Include My Pet as Part of My Estate Plan?

In the unfortunate event that you become incapacitated or pass way, ensuring the safety and well-being of your pet is an important consideration. Maryland law considers pets “property” and are treated as such, which is why many pet owners choose to create a pet trust.   A pet trust enables you to designate a person […]

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Can a Will Be Signed or Changed By Someone with Dementia?

One common question we receive is whether a person with dementia may sign or update their last will and testament. For a will to be considered valid, the signee must have “testamentary capacity.” In other words, a person must be mentally competent enough to understand the implications of what they are signing. For a person […]

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