Do I Need a Bond For a Maryland Small Estate?

If you are an individual serving as the Personal Representative of a Maryland small estate, the short answer is: yes, you will need to secure a bond on behalf of the estate. However there are some exceptions: if the value of the estate is less than $10,000 (after funeral expenses & family allowances), if the Personal Representative is a financial institution, if the necessity of a bond is waived in the Will or if all interested persons of the estate agree to waive the bond requirement. If none of the exceptions are met then the bond should be filed with the appropriate county Office of the Register of Wills, Estate Administration or Probate Division. It is important to obtain the correct value the estate from the beginning so that the appropriate bond is filed.

For a free, confidential conversation to discuss this and other estate administration matters, including probate administration legal services, contact Maryland probate administration lawyer Stephen J. Reichert at 410-299-4959, sreichert@reichertlegal.com or by clicking here.

Mr. Reichert can administer probate on behalf of the estate or for a modest fee he can be of assistance to the Personal Representative, as assistance is needed. For example, he can be available to give the correct legal answer and review or prepare probate filings before they are submitted to the county.

Day, evening and weekend appointments are available in office or at your residence. Mr. Reichert personally serves clients throughout the entire state of Maryland.

Attorney Reichert looks forward to assisting you with your Maryland probate needs.

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