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

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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

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Probate Selling Real Estate

Inherited Property: How to Sell and Avoid Costly Mistakes  If you’ve inherited property from a loved one who is now deceased and you want to sell that property, you need to make sure you’re handling the sale the right way.

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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

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Inherited Property: What Do You Do Now?

An Inherited House: Gift or Burden? If a loved one has died and you find yourself inheriting their property, you’re likely experiencing a deluge of mixed emotions. In addition to grief, you may experience gratitude or even elation at your

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