Maryland Sample Letter for Closing of Estate with Breakdown of Assets and Expenses

• Category: Letters - Legal - Estates
• State: Multi-State
• Control #: US-0685LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Maryland Sample Letter for Closing of Estate with Breakdown of Assets and Expenses Date: [Date] [Executor/Personal Representative's Name] [Executor/Personal Representative's Address] [City, State, Zip Code] [Email Address] [Phone Number] [Or] [Attorney's Name] [Attorney's Law Firm Name] [Attorney's Address] [City, State, Zip Code] [Email Address] [Phone Number] Subject: Closure of Estate with Detailed Breakdown of Assets and Expenses Dear [Beneficiaries/Heirs/Interested Parties], I am writing to inform you that the administration of the estate of [Deceased's Full Name], deceased, has been successfully concluded, and it is time to formally close the estate. This letter serves as a comprehensive breakdown of the assets and expenses involved in the administration process, as required by the laws of Maryland. Assets: 1. Real Estate: — Property Address: [Address— - Estimated Value: [amount] - Existing Mortgage/Loan: [amount] — Net Valuamountnt] 2. Bank Accounts: — Bank 1: [Account Number— - Bank 2: [Account Number] — Bank 3: [Account Number— - Total Amount: [amount] 3. Investments: — Stock Portfolio: [Brokerage Name], [Account Number] — Mutual Funds: [Fund Name], [Account Number] — Retirement Account: [Institution], [Account Number] — Total Valuamountnt] 4. Personal Property: — Vehicles: [Vehicle Make, Model, and Registration Number] — Jewelry: [Description of valuable jewelry items] — Artwork: [Description of valuable artwork] — Other Personal Belongings: [Description of notable personal belongings] — Total Valuamountnt] Expenses: 1. Funeral Expenses: [amount] 2. Probate Fees: [amount] 3. Attorney Fees: [amount] 4. Executor/Personal Representative Fees: [amount] 5. Outstanding Debts: [amount] 6. Taxes: [amount] 7. Miscellaneous Expenses: [amount] 8. Total Expenses: [amount] After considering the above assets and expenses, the net distribute estate is calculated as follows: Total Assets: [total Asset Value] Total Expenses: [total Expense Value] Net Distribute Estate: [net Distribute Amount] The net distribute estate will be distributed among the beneficiaries in accordance with the terms stated in the decedent's Last Will and Testament or Maryland intestacy laws if no will was present. I would like to invite any interested party to review the attached detailed inventory, appraisal, and final account reports for further clarification and transparency. If you have any questions or require additional information, please do not hesitate to contact me at the provided email address or phone number. Thank you for your cooperation throughout the estate administration process. Your patience and support have been greatly appreciated. Sincerely, [Executor/Personal Representative's Name] Enclosure: — Detailed Inventory and Appraisal Report — Final Account Statement

Maryland Sample Letter for Closing of Estate with Breakdown of Assets and Expenses Date: [Date] [Executor/Personal Representative's Name] [Executor/Personal Representative's Address] [City, State, Zip Code] [Email Address] [Phone Number] [Or] [Attorney's Name] [Attorney's Law Firm Name] [Attorney's Address] [City, State, Zip Code] [Email Address] [Phone Number] Subject: Closure of Estate with Detailed Breakdown of Assets and Expenses Dear [Beneficiaries/Heirs/Interested Parties], I am writing to inform you that the administration of the estate of [Deceased's Full Name], deceased, has been successfully concluded, and it is time to formally close the estate. This letter serves as a comprehensive breakdown of the assets and expenses involved in the administration process, as required by the laws of Maryland. Assets: 1. Real Estate: — Property Address: [Address— - Estimated Value: [amount] - Existing Mortgage/Loan: [amount] — Net Valuamountnt] 2. Bank Accounts: — Bank 1: [Account Number— - Bank 2: [Account Number] — Bank 3: [Account Number— - Total Amount: [amount] 3. Investments: — Stock Portfolio: [Brokerage Name], [Account Number] — Mutual Funds: [Fund Name], [Account Number] — Retirement Account: [Institution], [Account Number] — Total Valuamountnt] 4. Personal Property: — Vehicles: [Vehicle Make, Model, and Registration Number] — Jewelry: [Description of valuable jewelry items] — Artwork: [Description of valuable artwork] — Other Personal Belongings: [Description of notable personal belongings] — Total Valuamountnt] Expenses: 1. Funeral Expenses: [amount] 2. Probate Fees: [amount] 3. Attorney Fees: [amount] 4. Executor/Personal Representative Fees: [amount] 5. Outstanding Debts: [amount] 6. Taxes: [amount] 7. Miscellaneous Expenses: [amount] 8. Total Expenses: [amount] After considering the above assets and expenses, the net distribute estate is calculated as follows: Total Assets: [total Asset Value] Total Expenses: [total Expense Value] Net Distribute Estate: [net Distribute Amount] The net distribute estate will be distributed among the beneficiaries in accordance with the terms stated in the decedent's Last Will and Testament or Maryland intestacy laws if no will was present. I would like to invite any interested party to review the attached detailed inventory, appraisal, and final account reports for further clarification and transparency. If you have any questions or require additional information, please do not hesitate to contact me at the provided email address or phone number. Thank you for your cooperation throughout the estate administration process. Your patience and support have been greatly appreciated. Sincerely, [Executor/Personal Representative's Name] Enclosure: — Detailed Inventory and Appraisal Report — Final Account Statement