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Estate Administration & Probate Archives

Probate process involves several important parts

Probate is a legal process in Maryland through which the property of a deceased individual, called an estate, is passed on to charitable organizations, relatives or acquaintances. The process of probate is often viewed as being costly and lengthy. However, you can more easily navigate this process with the guidance of a qualified attorney.

Estate administration is important job for executor

The debts against an estate must be paid upon the death of a person. The executor of the estate is responsible for making sure those debts are paid in Maryland and across the nation. Part of the estate administration is to pay the people and the institutions that are due money from the estate.

President's proposal would change estate administration rules

When the President of the United States makes a speech, many people tend to listen. Many of those in Maryland interested in planning for estate administration may have paid closer attention to his recent State of the Union Address. The President's proposed plan may make it more difficult for many looking to create an estate plan.

Roth IRA may or may not be best option in estate administration

There are many types of estate planning tools available for consumers. However, the best options for estate administration plans depend upon a Maryland resident's individual circumstances. These types of considerations can be essential in attempting to decide whether to utilize a Roth IRA or a traditional IRA when planning an estate.

Estate administration plans may need re-examining for 2015

With the beginning of the new year, many people will be looking to make important changes to their lives. One of the most common goals for the new year will be to update one's estate administration plans in Maryland and elsewhere. It may be a good idea to do it this year, since estate tax exemptions have just changed based upon inflation.

Psychological state plays role in probate court decision

One's state of mind is important when making legally binding decisions. Not only is this important for the person making the decisions, but also it is essential in determining if a person's will is to be considered legally binding in probate court in Maryland or any other state. This turned out to be essential in an out-of-state probate case which began in 2012.

End of year is good time to start estate administration plans

The holidays are a time for rejoicing and happiness for most families. However, the holidays are also a time for tying up loose ends in order to prepare for the coming new year in Maryland or any other state. Although thoughts about one's own death do not exactly bring holiday cheer, planning for estate administration is something that should not be ignored. If one has not done so already, creating an estate plan should be on one's list of New Year's resolutions.

Estate administration plans include more than tax planning

When most people think of estate planning strategies, they think of minimizing tax liability. However, a good estate administration plan will take into consideration more than just tax issues. There are various other aspects, besides federal taxes, that are important in estate planning in Maryland or in any other state.

Estate administration plans cannot wait in Maryland

Death is an uneasy topic for many people. This is particularly true when thinking and speaking about one's own death in Maryland or in any other state. However, avoiding this topic when it comes to planning for estate administration can cause serious legal problems for intended beneficiaries. Therefore, it is best to not procrastinate on creating an estate plan.

Planning for estate administration important for single parents

All people have their own concerns when it comes to estate planning. This is why individualizing an estate administration plan is important for anybody looking to plan for the uncertainty of the future, whether in Maryland or in any other jurisdiction. Much of how an estate is planned depends upon individual circumstances. For instance, single parents typically have estate planning goals consistent with their own specific types of concerns.

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