Glossary of terms

Common Probate and Trust Legal Terms Abatement: When the estate does not have enough remaining property to pay each beneficiary in full, an abatement is the lesser amount heirs may receive. Administrator: Also called an executor, the person in charge of

Read more

What Is Probate and the 10 Things a Personal Representative Must Know

You’ve been named the personal representative overseeing the probate process for a loved one. The tax is not easy and there are numerous steps involved. The probate process can tax a family and create stress for the personal representative, especially

Read more

Selling a Home with a Reverse Mortgage: Things You Should Know

Financial planning for senior homeowners in the United States was changed forever in 1988 when President Reagan signed the law that launched the Home Equity Conversion Mortgage (HECM) under HUD’s oversight. Commonly called a reverse mortgage, a HECM loan allows

Read more

Estate Administration and Probate in Maryland

When someone dies in Maryland, the distribution of their estate is determined by Maryland probate laws. Different treatment will apply depending on how large the estate is and whether the deceased person left a will governing administration and distribution of

Read more

Probate Real Estate Services and Sales

Probate can be an unpleasant stressor while closing the affairs of a beloved friend or family member, especially if there are other loose strings to tie up. As the administrator or personal representative of the estate, you must find the inner strength to calmly and objectively take on those daunting tasks—all while still grieving. If you have never filled such a role before, you will be in uncharted territory. Your role will be governed by numerous legal mandates, which make the process all the more demanding.

Read more