Inheritance Property Deed Guidance

Summary

If a property deed in Maryland includes a joint tenancy with right of survivorship clause, the deceaseds share typically passes to the remaining co-owners without inheritance tax. If the will states otherwise, inheritance tax may apply. Consult a probate attorney for precise guidance.

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Trying to get help on inheritance if property in md that i am on deed
Hello Norman, could you please clarify if you're currently listed as a co-owner on the deed or if you're inheriting the property through a will or trust? This will help me provide more specific information.
Co owner on deed and mentioned in will that deceased left their portion to remaining * on deed.
Hello Norman,
In Maryland, the deceased's portion of the property typically passes directly to the remaining co-owners if the deed has a "joint tenancy with right of survivorship" clause. You may need to file a certificate of death and an affidavit of survivorship to update the deed. If the will says something different, consult with a probate attorney.
So i need to read how deed was worded? If that is stated do i pay inheritance tax
Hello Norman,
In Maryland:
- If the deed states "joint tenancy with right of survivorship", you wouldn't typically owe inheritance tax.
- If the will stipulates differently, inheritance tax may apply.
Please consult with a probate attorney for precise guidance.
Thank you
You're welcome, Norman! If you have any more questions in the future, don't hesitate to ask. Best of luck with your situation.