If someone in Maryland dies and leaves a large estate behind, probate can be a long and complicated process. However, this doesn’t have to be the case with smaller estates. If you’re tasked with executing a small estate, you might be able to apply for simplified probate.
What is simplified probate?
Simplified probate allows smaller estates to go through the probate process at a quicker pace. The laws vary across different states, but estates are usually eligible for simplified probate if they’re valued under a certain dollar amount. Large estates must go through regular probate.
To figure out the value of the estate, you can make a list of the assets that will be passed along to the heirs and beneficiaries. If you’re lucky, the individual might have already made a list of these assets before he or she died. You can add up the value of these assets to figure out how much the estate is worth. If it’s under the limit, you can apply for simplified probate. Otherwise, you’ll have to go through the traditional probate process, which usually takes much longer.
If you’re the executor of a small estate, you can petition for simplified probate. You’ll have to submit a set of estate planning documents, including the will itself and a list of assets. Once you’ve done this, you’ll have to wait for the waiting period to expire. Afterward, you’ll have to make arrangements to pay off any debts and estate taxes. Finally, the assets will be distributed according to the instructions in the will.
Where can you go for help with probate?
Whether you’re dealing with a large estate or a small one, probate can be a complicated process. If you’re the executor of a will, trying to stay on top of everything can be overwhelming. You have to deal with the individual’s friends and family members as you try to navigate the process and execute his or her last wishes. A Christian attorney can take you by the hand, pray with you, and help you through this difficult process and take over some of the duties so you don’t have to feel like you’re doing everything alone.