Q: Estate planning a car under the estate was totaled we got a insurance check for it are we able to use it before closing
A: In Maryland, the utilization of insurance proceeds from a totaled vehicle within an estate necessitates careful consideration of various factors. The appointed estate executor or administrator typically holds the authority to manage the estate's assets, including insurance payouts, adhering to legal and ethical responsibilities in distributing assets according to the estate plan or Maryland state law. Before disbursing or utilizing insurance funds, it's vital to settle any outstanding debts, expenses, or claims associated with the estate. Additionally, adherence to beneficiary designations specified in the deceased individual's will or other documents is essential. In some situations, court approval may be required, particularly for more complex estates.
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