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§ 5-704. Duties of personal representative after filing election for modified administration

West's Annotated Code of MarylandEstates and TrustsEffective: October 1, 2013

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 5. Opening the Estate (Refs & Annos)
Subtitle 7. Modified Administration (Refs & Annos)
Effective: October 1, 2013
MD Code, Estates and Trusts, § 5-704
§ 5-704. Duties of personal representative after filing election for modified administration
In general
(a) After filing an election for modified administration, the personal representative shall:
(1) File a verified final report under modified administration no later than 10 months from the date of appointment instead of filing a formal inventory and account; and
(2) On the request of any interested person, provide a formal inventory and account, as required under Title 7 of this article, to all interested persons.
Discovery of property after filing verified final report
(b) If the personal representative discovers property of the decedent after the time for filing a verified final report required by subsection (a) of this section, the personal representative shall:
(1) File a verified final report under modified administration with respect to the after-discovered property within 60 days of the discovery of the property; and
(2) Make final distribution of the after-discovered property within 90 days of the discovery of the property.

Credits

Added by Acts 1997, c. 596, § 1, eff. Oct. 1, 1997. Amended by Acts 2013, c. 645, § 1, eff. Oct. 1, 2013.
MD Code, Estates and Trusts, § 5-704, MD EST & TRST § 5-704
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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