Bill > SB277

This bill modifies rules regarding where estate proceedings can be filed and how the Maryland inheritance tax is applied. Specifically, it expands the criteria for determining the appropriate county (venue) for probate, which is the legal process of administering a deceased person's estate, for individuals who did not live in Maryland at the time of their death, including situations where the deceased was not a U.S. resident. It also clarifies that for inheritance tax purposes, intangible personal property, which refers to assets like stocks, bonds, or bank accounts that don't have a physical form, is considered to be located where the deceased person lived (domicile). Furthermore, the bill repeals an exemption from the inheritance tax for personal property inherited from someone who lived outside of Maryland, meaning such property may now be subject to the tax. These changes are set to take effect on July 1, 2026, and will apply retroactively to estates opened on or after that date.

Justice

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0277?ys=2026RS