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Being the executor of an estate (or personal representative, as it’s called under Maryland law) can feel like a thankless job. Whether you’re a relative of the deceased dealing with your own family or you’re dealing with people you don’t know well, you may feel like...
Keeping things as efficient as possible and eliminating the potential for disputes among heirs are probably two of the top priorities for most Maryland residents who are thinking about the immediate aftermath of their eventual passing. Fortunately, when creating a...
The goal during the probate process in Maryland is usually to fulfill someone's final obligations and then uphold their last wishes. Those who die with a will on record provide their loved ones and the Maryland probate courts with clear instructions about what should...
As most children become adults in Maryland, they deal with the challenges of aging parents. One situation that can arise during this time is learning that one or both of your parents named you as their executor. Unless you work in the estate planning industry, it's...
In Maryland, inheriting assets from a loved one can be a blessing but may involve specific tax ramifications. You may not have a clear answer on whether you owe taxes on your inheritance since it depends on several factors. The following points can provide insight...
Many Maryland estates end up going through probate. This is a long process that can prolong inheritances being distributed to their rightful beneficiaries. A probate loan can help; this is what it is and how you can obtain one. Understanding probate loans A probate...
When a Maryland resident passes away, the person appointed to administer their estate contacts the three main credit reporting agencies. This is done to notify the agencies about the death and obtain a copy of the decedent’s Experian, Equifax and TransUnion credit...
Most estate matters in Maryland can be administered with relatively few snags and setbacks. However, there are times when unexpected complications can arise. For example, there are circumstances when one's personal and professional interests diverge. What is a...
Everyone has heard the word "probate" and understands it relates to inheritance. Most people, however, do not know how probate works or how it may apply to them. Maryland residents facing a probate case should understand what probate is, how it works, and how much it...
Being an executor is a big responsibility. Not only do you have to manage the deceased's estate, but you also must deal with the financial side. This can be daunting, especially if you need clarification on what expenses you can and can't claim. From managing the...