Probate: Post-Death Planning

Probate:  Post-Death Planning Sometimes a proposed beneficiary distribution needs to be corrected after the death of a loved one. Example 1: Grandchildren Born After the Will Was Signed Probate: Post-death planning. One common circumstance is when a grandparent’s last will and testament clearly indicates that all of her grandchildren will inherit an equal share. She…

Maryland Inheritance Tax

The Maryland inheritance tax is what I like to call the “sneaky death tax.” For many families, the imposition of the federal estate tax and the Maryland estate tax is not a practical concern, since these taxes only apply to multi-million-dollar estates. However, the Maryland inheritance tax is a 10% tax on all distributions to…

Probate Creditors

Creditors are one of the more complicated parts of the Maryland probate process. One of the core functions of a personal representative is to determine if there are creditors for the estate. Making a mistake regarding creditors is one of the few ways that a personal representative can be held personally responsible for a mistake…

Maryland Probate Process

At its core, the Maryland probate process is the court-required system designed to account for a deceased person’s assets, identify their creditors, and approve the distribution to estate beneficiaries. For many families, this process can be overwhelming.   Many people do not even know where to start. Here is a brief summary to guide you through…