Let our knowledgeable Greenbelt probate lawyers support you through the Maryland probate process
After the death of a loved one, the last thing you feel like is dealing with probate proceedings. The process can be long, confusing, expensive, and stressful.
While you may not be able to avoid probate, you do not have to go through it alone. Our experienced probate lawyers serving Greenbelt, MD, at the Law Office of Ralph W. Powers, Jr. P.C. can guide you every step of the way.
What Is Probate?
Probate is the process of administering and transferring the deceased’s assets or estate to the rightful heirs, beneficiaries, or creditors.
A personal representative or executor manages the probate in the deceased’s will. If they left no will or someone contests the representative, a probate judge would designate a court-appointed executor.
Executor duties include:
- Filing a petition to open the estate
- Informing all stakeholders of the probate
- Creating an inventory of the assets
- Opening a bank account for the estate
- Settling all claims against the estate
- Filing all necessary tax returns
- Distributing the assets to beneficiaries
- Filing a final account with the court
How Long Does Probate Take?
Probates typically take between six months to two years. Large or complicated estates can take longer, and having an experienced probate lawyer on your side makes the process smoother. Call the Law Office of Ralph W. Powers, Jr. P.C. to learn more about how we can help you.
How Much Does Probate Cost in Maryland?
Probate is expensive.
Personal representatives or executors charge a statutory fee as a percentage of the total estate value. There may be extra fees in more complicated cases.
The Maryland formula for attorney fees is 9% of the first $20,000 of the gross estate plus 3.6% of any excess over $20,000.
Additional probate costs include expenses for:
- Filing paperwork with the court
- Certifying documents
- Getting property appraisals
- Sending certified mail
- Entering claims or caveat papers
- Issuing plain, certified, or exemplified copies
Why You Need a Probate Lawyer
If you cannot avoid probate, you should talk to an attorney as soon as possible. As a probate lawyer serving Greenbelt, MD, we can help minimize the associated time and costs by preparing and filing a lot of the paperwork for you.
A probate attorney can also ensure that you follow all rules and procedures and meet all deadlines. Otherwise, you could be personally liable for ensuing losses to the estate or stakeholders.
Talk to a Probate Lawyer Serving Greenbelt, MD
Our probate and estate planning lawyers at the Law Office of Ralph W. Powers, Jr. P.C. are always ready to assist you with hassle-free legal services from experienced attorneys.
We can also advise you on various other legal matters, including criminal defense and business transactions.
Call us at 301-627-1000 to speak to a probate lawyer serving Greenbelt, MD, today.