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Tag Archives: Maryland Property Law

Do I Need to Update My Maryland Property Deed if My Name Has Changed?

The simple answer is no. Maryland law does not require a new deed to reflect your name change. However, you can avoid complications by doing so, especially if you decide to sell or refinance your property. Name consistency across all legal documents can make life easier for you.   If you decide to change your […]

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New Tax Credit for Seniors in Prince George’s County

Prince George’s County recently passed a new Elderly Tax Credit designed to reduce the financial burden on Prince George’s elderly population. The tax credit can save senior citizens up to 20% on taxes. To be eligible, you must meet the following criteria:   1. One homeowner must be 65 years of age or older;   […]

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What Are Life Estate Deeds in Maryland?

In the state of Maryland, a property owner can designate beneficiaries on real property by preparing a Life Estate Deed. This is an effective way to avoid probate and retain tax benefits. There are two types of Life Estate Deeds.   A Life Estate Without Powers is a deed whereby the property owner (or Grantor) […]

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How Do I Sell My House with a Reverse Mortgage in Maryland?

Simply put, a reverse mortgage is a loan that can be repaid at any time without penalty. Selling a home with a reverse mortgage is not unlike selling a home with a standard mortgage, but there are some key differences to keep in mind. If you are selling your home with a reverse mortgage, here […]

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