Maryland Estate Administration, Valuation of Stocks

In Maryland the Information Report and Inventory for an administration probate is due within three months of opening the estate. These must be filed by the attorney and/or the Personal Representative along with proper valuation of all assets and supporting documents and appraisals. Each asset has a particular way of being valued under Maryland law and it is important that they be filed correctly to avoid delay or responsibility for improper filing.

Corporate stocks listed on a national or regional exchange should be included on Schedule D. When calculating the value, you must use the decedent’s date of death. The value of a corporate stock, whether common or preferred, is the mean (average) between the highest and lowest publically quoted selling price on that day. For traded stocks (New York Stock Exchange & American Stock Exchange) the value is the average of the quoted high and low. For over the counter or regional exchanges you will used the average of the bid and ask quotations. If the stock is not listed, Maryland law requires that a broker valuation may be necessary.

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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