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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) […]

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

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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 […]

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Baltimore Property Title Transfer Service: Maryland Homestead Credit Application

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The Homestead Credit limits the yearly increase in taxable assessments for qualifying Baltimore, Maryland property. Once the Maryland Homestead Credit is applied the county and municipality must limit taxable assessment increases to 10% or less each year. The application along with instructions can be found at this link. To ensure that your Maryland property Deed […]

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Wicomico County Deed Transfer Lawyer: Wicomico County Property Deed Transfer Requirements

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There are several important steps and decisions that must be made when properly filing a Maryland real estate deed. Besides all of the state requirements, Wicomico County deed filings have the additional requirement: “Instruments transferring title. For any instrument that transfers title and/or effects a change in ownership on the real property tax records of […]

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