Tag: Maryland Probate Attorney

Preserving Your Inheritance In Maryland

Whether you are planning to leave a small savings account, a long-established IRA, or a legacy of wealth, inheritance issues are best resolved before you pass on.  As a matter of fact, there are some legal strategies you can take now to minimize inheritance taxes, avoid probate in Maryland, and reduce fighting amongst your heirs. … Continued

Covering the Cost of a Funeral

The average traditional funeral costs $8,500, according to AARP. While the simplest solution may be to just set aside the necessary funds in your will, chances are that your loved ones will not receive that money until many months after you are gone, leaving them with a large bill to foot in the meantime. During… Continued

Different Probate Approaches: Small Estate and Regular Estate

Probate is the legal process of transferring a deceased person’s assets to the beneficiaries and involves a court procedure. Before property can be distributed to beneficiaries, the executor of the estate must carry out various tasks, such as locating assets, paying debtors, etc. Moreover, probate works differently for different sized estates. As such, what applies… Continued

How To Reduce Stress During Probate

Probate, which is the legal process of the legal process of conveying assets from a deceased person to the heirs, does not have to be a massive headache. For many, however, it is just that. The many pitfalls of probate for an executor include wasted time and money, calls from creditors demanding payment, disgruntled family… Continued

Managing Debt Collection During Probate

The average U.S. household has over $16,000 in credit card debt, which is 10 percent higher than a decade earlier, according to Time, and the average mortgage debt per household is over $180,000, according to USA Today. Because the average American dies with considerable debt, paying off collectors can be one of the more challenging… Continued

Probate Administration: Asset Identification

As an executor of a will, it is your fiduciary duty to identify all assets of the estate. Failing to do so can end in a personal lawsuit against you, which would of course further splinter family relations. During the process of grieving for the loss of your loved one, mistakes can easily be made… Continued

Life Insurance and Probate

When a Life Insurance Policy Must Go Through Probate A beneficiary must be named with the insurance company for the life insurance policy to be paid out. Unlike other types of assets, such as real estate or the money in a bank account, a will alone will not suffice when it comes to life insurance.… Continued

Problems With Joint Tenancy

When people find out about probate, some do more than cringe; they decide to sign their children on as joint owners to their desired property. Sharing property as such creates a right of survivorship in which if person A dies, person B receives the property. This is called joint tenancy, and it can create serious… Continued

Paying Debts of a Loved One

It is one of the last things that anyone wants to do after the death of a loved one, but paying off the debts of the decedent is an important part of probate. Debts must be paid before property can be distributed amongst the family members. Making an error during the administration of a loved… Continued

Common Probate Issues

Unfortunately, probate is not always a smooth or straightforward process. Probate, which is the official proving of a will, is a necessary step to take after a loved one passes away before the assets in the will can be divided and the decedent’s last wishes can be carried out. We understand just how frustrating and… Continued