PARRIS N. GLENDENING, Governor Ch. 693
CHAPTER 693
(House Bill 762)
AN ACT concerning
Estates - Taxation, Fees, and Procedures
FOR the purpose of changing certain fees charged for the administration of an estate in
probate and for guardianship proceedings; altering the fee for administration of
certain estates by a foreign personal representative; repealing a certain codified
form; codifying a certain form; establishing net value of an asset rather than gross
value of an asset as the method of valuation used for small estates; eliminating the
authority of the Motor Vehicle Administration to transfer title of certain motor
vehicles under certain circumstances; eliminating the authority of the United States
Coast Guard or the State Department of Natural Resources to transfer the certificate of
registration for a boat or vessel under certain circumstances; allowing certain property
included in an estate to be valued using the full cash value of the property for tax
purposes; authorizing payment, without court approval, of certain commissions and
fees for the administration of certain estates under certain circumstances;
exempting certain assets from inheritance taxation; changing the inheritance tax
rate for property passing to certain persons; making certain stylistic changes; and
generally relating to fees and procedures for the administration of and taxation of
estates.
BY repealing and reenacting, without amendments,
Article - Estates and Trusts
Section 2-206(a)
Annotated Code of Maryland
(1991 Replacement Volume and 1996 Supplement)
BY repealing and reenacting, with amendments,
Article - Estates and Trusts
Section 2-206(c) through (p), 5-206, 5-601, 7-202, and 8-106
Annotated Code of Maryland
(1991 Replacement Volume and 1996 Supplement)
BY repealing
Article - Estates and Trusts
Section 5-608
Annotated Code of Maryland
(1991 Replacement Volume and 1996 Supplement)
BY adding to
Article - Estates and Trusts
Section 7-604
Annotated Code of Maryland
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