The Hierarchy of Payments From an Estate in Maryland
During the process of administering an estate, you might discover that the assets in the estate are not sufficient to pay all claims made against the estate. If you find yourself in this situation as a Personal Representative, Maryland law specifies a hierarchy of payments. The hierarchy is as follows: 1. Fees due to […]
- Posted by reichertlegal
- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Carroll County Maryland, Estate Administration Frederick Maryland, Estate Administration Lawyer Maryland, Probate Attorney Baltimore Maryland, Probate Attorney Columbia Maryland, Probate Baltimore County Maryland, Uncategorized
- Jan, 27, 2024
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Inheritance Rights for Domestic Partners Expanded Under New Maryland Law
One of the significant changes introduced by Maryland Senate Bill 792 relates to the treatment of estate taxes for individuals in domestic partnerships. In the past, if a partner did not possess a will at the time of their death, their property would be subject to Maryland’s intestate laws. This new legislation, however, aims to […]
- Posted by reichertlegal
- Posted in Estate Administration Attorney Maryland, Estate Administration Harford County Maryland, Estate Administration Maryland, Estate Administration Montgomery County Maryland, Maryland Inheritance Laws, Maryland Personal Representative, Probate Attorney Maryland, Probate Baltimore County Maryland, Probate Lawyer Baltimore, Uncategorized
- Nov, 16, 2023
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Determining the Value of an Estate in Maryland
Understanding how an estate is valued is a crucial step in the probate process. In the state of Maryland, the valuation of an estate involves several considerations, and navigating these complexities is important for both the Personal Representative and the beneficiaries. Appraisal of Assets One of the primary steps in estate valuation is […]
- Posted by reichertlegal
- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore Maryland, Estate Administration Frederick Maryland, Estate Administration Prince George's County, Probate Attorney Baltimore Maryland, Probate Attorney Maryland, Probate Frederick County Maryland, Probate Montgomery County Maryland, Probate North Bethesda Maryland, Probate Prince George's Maryland, Uncategorized
- Nov, 02, 2023
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What Happens with Your Debt When You Die in Maryland?
The passing of a loved one is a challenging and emotional time, and dealing with their financial affairs can be equally daunting. It’s important to understand the legal and financial processes that can happen when a person passes away and leaves behind debt. Estate Administration Process In Maryland, when a person passes away, […]
- Posted by reichertlegal
- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Probate Baltimore County Maryland, Probate Carroll County Maryland, Probate Columbia Maryland, Probate Lawyer Maryland, Probate Montgomery County Maryland, Probate North Bethesda Maryland, Probate Prince George's County Maryland, Uncategorized
- Oct, 26, 2023
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Ways to Avoid Disputes Over Family Heirlooms
Family heirlooms can create problems among family members after a loved one has passed away. Even if the deceased had a will or trust in place, these documents may not address specific items, leaving family members the task of dividing up heirlooms fairly. This post explores ways to avoid disputes over family heirlooms. If […]
- Posted by reichertlegal
- Posted in Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Harford County Maryland, Estate Administration Howard County Maryland, Estate Administration Olney Maryland, Estate Administration Prince George's County, Estate Planning Anne Arundel County Maryland, Estate Planning Baltimore County, Estate Planning Baltimore Maryland, Estate Planning Glenmont Maryland, Uncategorized, Wills Baltimore Maryland, Wills Columbia Maryland
- Oct, 05, 2023
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What is the Role of a Personal Representative?
A Personal Representative (aka executor) is a person appointed in an estate plan, or, when there is no will, appointed as a matter of law or by the court. This role involves ensuring that the decedent’s wishes are fulfilled when distributing assets, as well as managing the decedent’s affairs, including paying taxes and other bills. […]
- Posted by reichertlegal
- Posted in Estate Administration Baltimore County Maryland, Estate Administration Baltimore Maryland, Estate Administration Carroll County Maryland, Estate Administration Frederick Maryland, Estate Administration Glassmanor Maryland, Estate Planning Annapolis Maryland, Estate Planning Aspen Hill Maryland, Estate Planning Attorney North Bethesda Maryland, Estate Planning Carroll County, Estate Planning Howard County, Lawyer Baltimore Maryland, Maryland Inheritance Laws, Probate Lawyer Baltimore, Uncategorized
- Aug, 25, 2023
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What Happens If My Heir Dies Before I Do in Maryland?
The answer to this question depends, first, on what kind of estate planning (if any) you have done. If you have a will or a trust in place, you have already named your beneficiaries. But unless you have named alternate beneficiaries in your will or trust, you will have little control over where a […]
- Posted by reichertlegal
- Posted in Uncategorized
- Aug, 17, 2023
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What is a Tangled Title and What Can I Do About It?
A tangled title is a term used when you have inherited a home but the deed has not been legally transferred into your name. This may cause several difficulties, both practically and financially. For example, you may run into problems setting up utilities, obtaining a homeowner’s insurance policy, or taking out a home equity line […]
- Posted by reichertlegal
- Posted in Estate Administration Clinton Maryland, Estate Administration Frederick Maryland, Estate Administration Montgomery County Maryland, Uncategorized
- Sep, 21, 2022
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What Is a Surviving Spouse Entitled to Receive Under Maryland’s Elective Share Statute?
Maryland’s Elective Share Statute was designed to prevent a surviving spouse from being disinherited. House Bill 99, signed by Governor Hogan in 2019, expanded the assets included in calculating what a surviving spouse could inherit. Under the previous bill, only probate assets were subject to the elective share statute. Under the augmented statute, non-probate […]
- Posted by reichertlegal
- Posted in Durable Power of Attorney Maryland, Estate Administration Attorney Maryland, Estate Administration Baltimore County Maryland, Estate Administration Carroll County Maryland, Estate Administration Frederick Maryland, Estate Administration Montgomery County Maryland, Estate Planning Anne Arundel County Maryland, Estate Planning Baltimore Maryland, Estate Planning Glen Burnie Maryland, Uncategorized
- Sep, 14, 2022
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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 […]
- 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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