Settling an estate in Maine means gathering the assets, notifying creditors, paying debts and taxes, and distributing what remains to the beneficiaries. Assets in a living trust settle privately without the court. An estate that needs probate takes 6 months to 12 months on average, and the creditor claim period of 4 months18-C M.R.S. § 3-801(1) (4 months from first publication); § 3-803(1) (outer bar: earlier of 9 months after death or the § 3-801 period)Verified Sep 8, 2026View source is the floor. In a probate case the inventory of estate assets is due within 90 days18-C MRSA §§ 3-706, 3-707, 3-708Verified Sep 15, 2026View source of appointment.
Maine uses Petition for Formal Probate of Will or Appointment of Personal Representative or Both (DE-201)18-C M.R.S. §3-103 (appointment & letters), §3-301 (informal application), §3-402 (formal petition contents)Verified Aug 24, 2026View source, filed with the County Probate Court18-C M.R.S. §3-103 (appointment & letters), §3-301 (informal application), §3-402 (formal petition contents)Verified Aug 24, 2026View source. Register of Probate issues Letters of Authority of Personal Representative after the court grants the petition.
The creditor claim period of 4 months18-C MRS §§ 3-801, 3-803, 3-805, 3-806Verified Sep 15, 2026View source runs from the first publication of the creditor notice, which follows the executor's appointment. Distributing assets before the period has run can leave the executor personally liable for a claim that arrives later.
Maine allows executors 'reasonable compensation' — around 2.2%–3.8% of a $500,000 estate, judging by what the states with statutory schedules pay18-C M.R.S. § 3-719 (reasonable compensation; no statutory percentage)Verified Sep 8, 2026View source. Courts consider the size and complexity of the estate, the time spent, and the executor's skill and experience. Executors can waive the fee entirely or accept a reduced amount.
Settling a trust in Maine starts when the successor trustee accepts the role: the trustee obtains death certificates and an EIN for the now-irrevocable trust, notifies the beneficiaries18-B M.R.S. § 101 et seq.Verified Jul 15, 2026View source within 60 days18-B MRSA §§ 813, 1005, 105Verified Sep 15, 2026View source, takes inventory of the trust assets, settles the grantor's debts and taxes, and distributes what remains under the trust terms. The process runs privately, without probate court supervision.