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 proceeding is sufficient. Or if the vehicle is worth less than $100,000, and the surviving spouse is the heir of the estate, then a small estate proceeding is also sufficient. However, if the vehicle is worth $50,000 or more, and the heir is not a surviving spouse, or worth $100,000 or more and the heir is a surviving spouse, then a regular estate is necessary.
For a free, confidential conversation to discuss this and other estate administration matters, including probate administration legal services and estate planning, 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 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.
Mr. Reichert personally serves clients throughout the entire state of Maryland, and he looks forward to assisting you with your Maryland probate needs.
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- 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
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