The Hierarchy of Payments From an Estate in Maryland

During the process of administering an estate, you might discover that the assets in the estate are not sufficient to pay all claims made against the estate. If you find yourself in this situation as a Personal Representative, Maryland law specifies a hierarchy of payments. The hierarchy is as follows: 1. Fees due to […]

Post Tagged withMaryland Estate Administration, Maryland Probate Attorney, Maryland Probate Lawyer, Maryland Wills

Posted by reichertlegal
Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Carroll County Maryland, Estate Administration Frederick Maryland, Estate Administration Lawyer Maryland, Probate Attorney Baltimore Maryland, Probate Attorney Columbia Maryland, Probate Baltimore County Maryland, Uncategorized
Jan, 27, 2024
No Comments.

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 […]

Post Tagged withBaltimore Estate Planning, Estate Administration Baltimore County Maryland, Maryland Estate Administration, Maryland Probate Attorney, Maryland Probate Lawyer, MD Estate Planning, Probate Attorney Baltimore 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, […]

Post Tagged withEstate Administration Baltimore County Maryland, Maryland Estate Administration, Maryland Probate Attorney, Maryland Probate Lawyer, Probate Attorney Baltimore Maryland

Posted by reichertlegal
Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Probate Baltimore County Maryland, Probate Carroll County Maryland, Probate Columbia Maryland, Probate Lawyer Maryland, Probate Montgomery County Maryland, Probate North Bethesda Maryland, Probate Prince George's County Maryland, Uncategorized
Oct, 26, 2023
No Comments.

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. […]

Post Tagged withBaltimore Estate Planning, Estate Administration Baltimore County Maryland, Maryland Estate Administration, Maryland Probate Attorney, MD Estate Planning, Probate Attorney Baltimore Maryland

If you have been designated the personal representative of an estate, you probably know that you are responsible for making sure all funeral expenses are paid. However, you may not know what expenses fall under this category. According to Maryland law, within six months’ time, the personal representative of an estate is required pay expenses […]

Post Tagged withMaryland Estate Administration, Maryland Lawyer, Maryland Probate Lawyer, Probate Attorney Baltimore Maryland

Posted by reichertlegal
Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore Maryland, Estate Administration Frederick Maryland, Estate Administration Maryland, Estate Planning Baltimore Maryland, Probate Attorney Maryland, Uncategorized
Mar, 18, 2022
No Comments.

Must I Open a Maryland Probate Estate if the Only Asset is a Motor Vehicle?

If the motor vehicle is co-owned, and the other owner is alive, then the vehicle will not be subject to a probate estate. However, if the vehicle is in the decedent’s name only, with no surviving co-owner, then a probate estate is necessary. If the vehicle is worth less than $50,000 then a small estate […]

Post Tagged withEstate Administration Baltimore County Maryland, Maryland Estate Administration, Maryland Probate, Maryland Probate Attorney, Maryland Probate Lawyer, Probate Attorney Baltimore Maryland

Posted by reichertlegal
Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Maryland, Probate Attorney Baltimore Maryland, Probate Attorney Maryland, Probate Baltimore County Maryland, Probate Frederick County Maryland, Probate Lawyer Maryland, Probate Prince George's Maryland
Feb, 28, 2022
No Comments.

Letters of Administration for Foreign Small Estate in Baltimore City

If property is located in Baltimore, Maryland, and needs to be transferred via an estate opened in another state, a Foreign Proceeding must be opened. When a Foreign Small Estate is opened in Baltimore City the Register of Wills Office does not issue a Letter of Administration as they would in a regular Small Estate. […]

In Maryland, the creditors have six (6) months to file a claim. The bill must be sent to the Personal Representative and filed with the Register of Wills. If you are a Personal Representative of an estate and waiting for a bill from the hospital or other creditor, it might be a good idea to […]

Posted by reichertlegal
Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Carroll County Maryland, Estate Administration Chillum Maryland, Estate Administration Clinton Maryland, Estate Administration Frederick Maryland, Estate Administration Glassmanor Maryland, Probate Attorney Maryland, Probate Attorney Pikesville Maryland, Probate Carroll County Maryland, Probate Howard County Maryland, Probate Law Baltimore Maryland, Probate Montgomery County Maryland, Probate Prince George's Maryland, Uncategorized
Jul, 19, 2020
Comments Off on How Long Do Creditors Have to Bill an Estate in Maryland?

Do I Need a Bond for the Personal Representative of my Maryland Estate?

Whether or not you need a bond for your personal representative depends on your specific circumstances. Generally, a personal representative bond is a surety bond to protect the beneficiaries of the estate against fiduciary misconduct. If the bond is in the form of an insurance, then there also needs to be a power of attorney […]

Posted by reichertlegal
Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Carroll County Maryland, Estate Administration Chillum Maryland, Estate Administration Clinton Maryland, Estate Administration Frederick Maryland, Estate Administration Glassmanor Maryland, Estate Administration Harford County Maryland, Estate Administration Howard County Maryland, Estate Administration Lawyer Maryland, Estate Administration Maryland, Estate Administration Montgomery County Maryland, Estate Administration Olney Maryland, Estate Administration Prince George's County, Estate Planning Annapolis Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Carroll County Maryland, Estate Planning Hagerstown Maryland, Estate Planning Rockville Maryland, Estate Planning Silver Spring Maryland
Feb, 18, 2020
Comments Off on Do I Need a Bond for the Personal Representative of my Maryland Estate?

For How Long is a Maryland Will Valid?

As a general rule, a will governs the distribution of assets only after the testator dies. Any changes to a will that are made during the testator’s lifetime will be valid. A will is not active until the owner of the assets passes. For example, if a testator wills her home to her son, but […]