Maryland Estate Planning Lawyer: What Are Probate Assets?

Probate assets are those that pass pursuant to the terms of the decedent’s Will or if no Will was created, than pursuant to Maryland law. Examples of probate assets include those items that were held in the decedent’s name only: cash, stocks, bonds, life insurance policies…. Non-probate assets are those that pass independent of a Will and are not subject to estate administration in Maryland’s Orphans’ Court or before the Register of Wills; however non-probate assets are often still subject to inheritance tax and estate tax.

For a free, confidential conversation to discuss these and other estate planning matters, or to create your own estate plan and Will, contact Maryland estate planning attorney Stephen J. Reichert at 410-299-4959, sreichert@reichertlegal.com or by clicking here.

Day, evening and weekend appointments are available in office or at your residence. Mr. Reichert personally serves clients in Baltimore, Baltimore County, Anne Arundel County, Howard County, Carroll County, Harford County, Frederick County, Montgomery County and throughout most of Maryland.