Under Estates Code 17-110, a Maryland power of attorney under the statutory provisions must be (1) notarized and (2) signed by and before two witnesses. The Notary may also sign as one of the two witnesses in addition to signing as a notary. A lawyer may act as a witness.
My Dad passed away and I am his only child and he was divorced. I was appointed as his Personal Representative. The Estate Attorney passed away in November 2007. The Law Office of Peter G. Angelos is handling his Asbestos settlement cases. They will not release funds to me until I am reinstated... Read more »
If you were appointed as his PR, why do you need to be “reinstated”? Either you are the PR, or you’re not. Only the PR can claim funds due to your father, as those funds are assets of his estate. It is irrelevant that you are his sole beneficiary. Hire an estate lawyer to assist you in...Read more »
You probably ought to pay someone to review the actual trust, because some trust purposes can be undercut by the beneficiaries due to changes circumstances, but there is nothing fundamentally problematic with a trust holding property perpetually. A grant of property must resolve title within 21...Read more »
If someone dies with property titled in their sole name, then yes, an estate should be opened. Very generally speaking family has no obligation to open an estate (unless they are the named personal representative in a will) but it is usually in their interests to do so.
You really need counsel if a spouse elects against the Will, but, generally, spousal share trumps the Will as to the spouse, who takes only through the election, and the rest and remainder goes according to the Will. The computation sometimes get hairy.
I am sorry to hear about the passing of your father and grandmother. You have presented some bare facts but not really a question. If your grandmother and father had valid Wills, their estates would be distributed according to the provisions of their Wills. If neither had a Will, just based on...Read more »
Try to find a lawyer in the jurisdiction where the estate is filed, for convenience. Most estate lawyers understand special needs trusts. You cannot solicit (and attorneys cannot solicit) business on this site per the site rules. You can, however, call lawyers who answer questions on this site,...Read more »
We have a house. We are co-representing the estate. I want to sell. My brother says he wants to buy. He refuses to sign contract to buy or list house and sign contract to sell on open market. He continues to run his business out of house while estate pays the bills. How can I halt his business... Read more »
The recording office of the county where you file will know and allow you to fill in the cited section that applies. They are the authority who has to approve whether you have a tax exempt transfer. However, the list of exempt transactions generally appears in the Maryland Tax-Property Article,...Read more »
Your facts are dripping in self-dealing and breach of fiduciary duties, and the claim that one trustee stole funds while the other stole the property are just oozing from your question. The notion that trust instructions give you the power to buy and sell does not mean that you can buy and sell to...Read more »
No. But a guardian may be able to make other estate planning decisions, including establishing a trust in the name of their ward and funding it, with distribution of the trust assets upon death being set forth in the trust. You should not do anything without first consulting with experienced estate...Read more »
If you are domiciled in Maryland at the time of your death, die without a will and an estate is opened up here, your probate property passes under the laws of intestate succession. Who gets the probate property and in what percentage depends on what relatives survive you.
I have looked online and can't find this info. My 1st cousin died and listed me as a beneficiary in her will. I live in MD as did she. Will I have to pay inheritance tax on any thing I receive from the estate or am I considered a direct family member?
Only the decedent's spouse, parent, grandparent, child, or descendant of the decedent's child (or their surviving spouse) qualify for the exemption from Maryland's state inheritance tax of 10% ("lineal" relatives). First cousin is not "lineal" does not meet the exemption. However, certain assets...Read more »
I am the sole beneficiary and executor of my father's estate. Home was placed in a trust but his bank accounts were not and money (approx. $400,000) is now in the estate account. At the time of his death he had no debt. Prior to his death, we needed to do major updates to or home in order for him... Read more »
Once you have filed the petition for probate, received your Letters, and have filed the Inventory, you can do an advance to the heirs. Since you are the only heir, that would mean you. But, you will be responsible if your advance exceeds the available resources of the Estate after payment of...Read more »
It’s simply a vehicle to hold assets coupled with an agreement on how to manage and distribute the assets given various scenarios. It is not typically part of an estate plan for most people, as there are usually far better methods. As far as how any particular strategy best relates to your...Read more »
He was married in Georgia had 3 kids with her moved to Maryland had 2 kids stayed in Maryland for over 20 years and died in Maryland. Can she take everything 401k pension ect and leave us dry if he had no will.
She can only claim $15,000 plus 50% of everything else. The rest goes to his children in equal shares. However, any assets that were jointly titled may go 100% to the surviving owner. That includes real estate, financial accounts, etc. Also, assets like 401Ks, IRA accounts, etc., have named...Read more »
be the beneficiary for everything. I already have a will designating her to be the recipient of my assets. I received a letter from Social Security wanting to discontinue her benefits because I have her name listed on my bank accounts, and I believe they are probably computing the money in my... Read more »
She should not have any assets in her name or jointly with yours. You should establish a special needs trust to hold any assets you leave her in your will. That will protect the assets from disqualifying her from her benefits, while at the same time preserving the assets for her benefit and needs.
The first question any business attorney will likely ask is: what are you looking to accomplish? A business trust is an old but relatively unusual way to conduct business, except perhaps in the case of real estate held in a grantor's revocable living trust. The question doesn't give any facts...Read more »
My mother passed unexpectedly a few months ago. She'd been separated from my father for over a decade but they were still legally married when she passed and he is also on the mortgage and now has full ownership of the house. My father lives out of state, I don't. We would like to keep the house in... Read more »
While it is best to have a lawyer look over the Will, if any, and examine the situation, as a general matter, if all of the potential beneficiaries agree, there is nobody available to complain. If you have available assets and wish to pay off the mortgage so you can change the title, I'm not sure...Read more »
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