Maryland Estate Planning: Avoiding Probate
The Probate Process For more on the Maryland probate process, read my blog post. Creating a Will without any other Estate Planning does not stop your estate from going through the probate process. Avoiding Probate Because probate can be a lengthy, costly and public process, many people choose to avoid it. There are a number […]
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May, 27, 2013
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Maryland Probate Attorney: The Maryland Probate Process
Each probate estate is unique, but most include the following steps: 1. File petition with the correct Maryland probate court 2. Notify the heirs under the Will, or the statutory heirs, if no Will exists 3. Petition to appoint the Executor (if there is a Will) or Administrator for the estate 4. Executor creates an […]
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May, 21, 2013
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Maryland Estate Planning: Selecting a Trustee
Let’s start with the kinds of Trusts available to you. There are two general categories: • Testamentary Trusts, which are created under a Will • Non-Testamentary Trusts—Revocable (inter vivos) and Irrevocable Trusts—which are created outside of a Will The Testamentary Trust In the Testamentary Trust category, the Trustee you select begins to serve either during […]
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May, 15, 2013
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Maryland Estate Planning: Necessity of Having a Will
Without a Will the State of Maryland, though its intestacy laws, determines the beneficiaries and what amounts they receive. This rarely satisfies one’s dispositive preferences. Maryland law in this regard is designed to be most “equitable” for the greatest number of its citizens and does consider the particular needs, objectives and wishes of a particular […]
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May, 10, 2013
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Maryland Estate Planning: Dying Without a Will
Have you ever asked yourself: “How will my estate be distributed if I die without a Will in Maryland?” Yes? Then, read on. The State of Maryland will distribute your estate according to Maryland law. Your family and friends will not have the ability to make decisions as to the distribution of your estate. Personalized […]
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May, 08, 2013
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Legal Definitions
This section is updated when new terms are used in the Law Office of Stephen J. Reichert, LLC blog. Ancillary Probate – If decedent had real property in another state (ancillary) probate is required in that state. Bankruptcy Trustee – A person appointed by a bankruptcy court to supervise the affairs of a person or […]
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May, 01, 2013
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