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ADMINISTERING ESTATES IN MARYLAND A Basic Instructional Guide HON. BYRON E. MACFARLANE REGISTER OF WILLS FOR HOWARD COUNTY 9250 Judicial Way, Suite 1100 Ellicott City, Maryland 21043 Phone: 410.313.2133.

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Letter of Administration: a document issued by the Register of Wills that authorizes a personal representative to administer an estate. the will located in a safe deposit box in the name of the decedent. 26. Lineal heir or legatee: one who is of the direct line of the decedent.

6 months from the date of the decedent's death; or.

Maryland Law requires that any one holding an original Will and/or Codicil(s) must file that document with the Register of Wills promptly after a decedent's death even if there are no assets. However, although the Will and/or Codicil are kept on file, no probate proceedings are required to be opened.

2.1 The personal representative is entitled to “reasonable compensation for services.” Statutory commissions for personal representatives are expressed as a maximum: not to exceed $1,800 plus 3.6% of the excess over $20,000 unless a larger amount is provided by the will.

If there is a surviving spouse and the net value is under $100,000 a small estate is necessary. If the net value is over $50,000 and there is no surviving spouse, a regular estate is necessary.

Non-Probate Maryland Inheritances Any property in a living trust. Life insurance policies. 401(k)s, IRAs, other retirement accounts. Securities in transfer-on-death accounts. Pay-on-death bank accounts. Joint tenancy real property. Tenancy by the entirety.

Non-probate Estate: property that passes outside the probate estate, including:jointly held assets, life estate or remainder interests in a trust or deed, trusts in which the decedent had an interest, payable on death (P.O.D.) assets, and pension and benefit plans, including IRAs with named beneficiaries .

In Maryland, you can make a living trust to avoid probate for virtually any asset you own—real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232