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Maryland Small Estate Form

Maryland Small Estate Form

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hi this is Greg Jima with State planning and elder law attorney in Maryland with Chesapeake worlds and trust and talking today about the difference in Maryland between a regular estate and a small estate for probate purposes it has to do with the value of the estate so generally a small estate is $50,000 or below in Probate assets or if the spouse is the sole Heir can be as much as $100,000 for a small estate the benefit of small estate is there's no inventory and no accounting uh that's necessary can be closed faster so it's a much faster process with less court paperwork to do the regular State we're going to require the inventory requir the accounting required being on the court schedule and it's going to take potentially longer uh to probate and administer the regular estate so the difference between regular estate and a small estate is going to be the value and also what has to be done after the death seed thank you for watching for more inf

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