Settling an estate in Maryland 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 9 months to 12 months on average, and the creditor claim period of 6 monthsMd. Est. & Trusts § 8-103Verified Sep 8, 2026View source is the floor. In a probate case the inventory of estate assets is due within 90 daysET §§ 7-201, 7-202, 7-203Verified Sep 15, 2026View source of appointment, and Maryland requires a formal appraisalET §§ 7-201, 7-202, 7-203Verified Sep 15, 2026View source.
Maryland uses Petition for Administration (RW1112)Md. Code, Est. & Trusts §§ 5-104 (priority), 5-201 (petition contents), 5-301 (administrative probate), 5-401 (judicial probate), 5-601 (small estate)Verified Aug 24, 2026View source, filed with the Register of WillsMd. Code, Est. & Trusts §§ 5-104 (priority), 5-201 (petition contents), 5-301 (administrative probate), 5-401 (judicial probate), 5-601 (small estate)Verified Aug 24, 2026View source. Register of Wills issues Letters of Administration after the court grants the petition.
The creditor claim period of 6 monthsMd. Code, Est. & Trusts §§ 7-103, 7-103.1, 8-103, 8-104, 8-105, 8-107Verified Sep 15, 2026View source runs from the date of death, whether or not probate has opened, so it can already be partly spent when the executor is appointed. Distributing assets before the period has run can leave the executor personally liable for a claim that arrives later.
Maryland sets executor compensation by statute — about $19,080 on a $500,000 estate, roughly 3.8%Md. Est. & Trusts § 7-601Verified Sep 8, 2026View source. The fee applies to the gross value of the probate estate; executors and beneficiaries may agree to a different amount, but the schedule is the default. Executors can waive the fee entirely or accept a reduced amount.
Settling a trust in Maryland starts when the successor trustee accepts the role: the trustee obtains death certificates and an EIN for the now-irrevocable trust, notifies the beneficiariesMd. Code Est. & Trusts § 14.5-101 et seq.Verified Jul 15, 2026View source within 90 daysET §§ 14.5-813, 14.5-904; CJP § 5-101Verified 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.