Free Confidential Consultation. Call Now! 410-299-4959

sreichert@reichertlegal.com

Common Title Issues That Can Affect Your Property in Maryland

Whether buying or inheriting a property, you might assume that once the deed is signed, notarized, and recorded, you’re all set. Unfortunately, this is not always the case. Title issues often go unnoticed and can create costly and annoying legal complications. Here are a few of the more common title issues that we have encountered: […]

Read More

Things to Consider Before Modifying a Life Estate Deed in Maryland

Life estate deeds are commonly used for estate planning purposes and to avoid probate. If you would like to learn more about life estate deeds, please read our blog post “What Are Life Estate Deeds in Maryland?”   If you are considering modifying your life estate deed, there are some things you should keep in […]

Read More

How Does Adding a Child to a Property Deed Impact Capital Gains Taxes in Maryland?

A capital gains tax is based on the increased value of an asset. When a major asset, such as a home or an investment, is sold, capital gains taxes are likely to apply. A question we’re often asked is whether or not a property should be gifted to a beneficiary while the property owner is […]

Read More

Do Not Pay For a Copy of Your Maryland Property Deed

If you have recently transferred the ownership of a property title, you may have received a mailing from a company called Property Records offering a property profile along with “a copy of the only document that identifies [you] as the property owner of [your address], by a recently recorded transferred property title.” Many of our […]

Read More

Do I Need to Update My Maryland Property Deed if My Name Has Changed?

The simple answer is no. Maryland law does not require a new deed to reflect your name change. However, you can avoid complications by doing so, especially if you decide to sell or refinance your property. Name consistency across all legal documents can make life easier for you.   If you decide to change your […]

Read More

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 […]

Read More

How Do I Establish Domestic Partnership to Avoid Property Deed Transfer Taxes in Maryland?

If you are considering adding or removing a domestic partner from a property deed, and would like to avoid transfer taxes, you will need to provide proof of domestic partnership. Maryland state law allows for eleven ways to prove domestic partnership.    1. A joint housing lease or joint liability for a mortgage or other […]

Post Tagged with
Read More

What Are Life Estate Deeds in Maryland?

In the state of Maryland, a property owner can designate beneficiaries on real property by preparing a Life Estate Deed. This is an effective way to avoid probate and retain tax benefits. There are two types of Life Estate Deeds.   A Life Estate Without Powers is a deed whereby the property owner (or Grantor) […]

Read More

Difference Between a Maryland Fee Simple Deed and a Life Estate Deed

Post Image

A fee simple title is the greatest possible ownership in land. This ownership can potentially last forever and is in no way limited. There are however multiple different types of fee simple estates: fee simple absolute, fee simple determinable, fee simple subject to executory limitation. The executor will always hold a future interest in the […]

Read More

Maryland Property Deed Attorney: Two Types of Maryland Life Estate Deeds

Post Image

A Life Estate Deed is a legal document that grants ownership of a parcel of real property (your house, your land) to two separate parties: (1) the Life Tenant, and (2) the Remainderman. For example you can give another person (or yourself) a life estate interest in your home and retain the right to live […]

Read More