Maryland Code, ESTATES AND TRUSTS 1-101
Terms Used In Maryland Code, ESTATES AND TRUSTS 1-101
- Administrator: includes an executor and a personal representative. See
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Decedent: A deceased person.
- Executor: A male person named in a will to carry out the decedent
- Executor: includes an administrator and a personal representative. See
- Fiduciary: A trustee, executor, or administrator.
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- including: means includes or including by way of illustration and not by way of limitation. See
- Intestate: Dying without leaving a will.
- Legacy: A gift of property made by will.
- Legatee: A beneficiary of a decedent
- minor: means an individual under the age of 18 years. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- Personal property: All property that is not real property.
- Personal representative: includes an administrator and an executor. See
- Probate: Proving a will
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See - Testate: To die leaving a will.
- Trustee: A person or institution holding and administering property in trust.
(b) “Administrative probate” has the meaning stated in § 5-301 of this article.
(c) “Book” includes a form of electronic recordation.
(d) “Child” has the meaning stated in §§ 1-205 through 1-208 of this title.
(e) “County” includes Baltimore City.
(f) “Court” has the meaning stated in § 2-101 of this article.
(g) (1) “Environmental law” means a federal, State, or local law, rule, regulation, or ordinance that relates to the protection of the environment.
(2) “Environmental law” includes Title 16 of the Environment Article.
(h) “Heir” means a person entitled to property of an intestate decedent pursuant to §§ 3-101 through 3-110 of this article.
(i) (1) “Interested person” means:
(i) A person named as executor in a will;
(ii) A person serving as personal representative after judicial or administrative probate;
(iii) A legatee in being, not fully paid, whether the legatee’s interest is vested or contingent;
(iv) An heir even if the decedent dies testate, except that an heir of a testate decedent ceases to be an “interested person” when the register has given notice pursuant to § 2-210 or § 5-403(a) of this article; or
(v) An heir or legatee whose interest is contingent solely on whether some other heir or legatee survives the decedent by a stated period if the other heir or legatee has died within that period.
(2) “Interested person” includes:
(i) A minor or other person under a disability; or
(ii) The judicially appointed guardian, committee, conservator or trustee for such person, if any, and if none, then the parent or other person having assumed responsibility for such person.
(j) “Issue” has the meaning stated in § 1-209 of this title.
(k) “Judicial probate” has the meaning stated in § 5-401 of this article.
(l) “Legacy” means any property disposed of by will, including property disposed of in a residuary clause and assets passing by the exercise by the decedent of a testamentary power of appointment.
(m) (1) “Legatee” means a person who under the terms of a will would receive a legacy.
(2) “Legatee” includes a trustee.
(3) “Legatee” does not include a beneficiary of an interest under the trust.
(n) “Letters” include letters testamentary and letters of administration.
(o) “Maryland Rules” means the rules promulgated by the Court of Appeals of Maryland under the authority of the Constitution and laws of Maryland.
(p) “Net estate” means the property of the decedent exclusive of the family allowance and enforceable claims against the estate, except as used in §§ 3-102 and 3-203 of this article.
(q) (1) “Personal representative” includes an executor or administrator.
(2) “Personal representative” does not include a special administrator.
(r) (1) “Property” includes both real and personal property, and any right or interest therein.
(2) “Property” refers to:
(i) All real and personal property of a decedent; and
(ii) Any right or interest therein which does not pass, at the time of the decedent’s death, to another person by the terms of the instrument under which it is held, or by operation of law.
(s) “Register” has the meaning stated in § 2-201 of this article.
(t) “Representation” has the meaning stated in § 1-210 of this title.
(u) “Special administrator” means an administrator appointed as provided in § 6-401 of this article.
(v) “Trust company” means an institution that is authorized to exercise trust or fiduciary powers and that:
(1) Is organized under the laws of this State as a State bank, trust company, or savings bank;
(2) Is organized under the laws of the United States and:
(i) Has its principal office in this State;
(ii) 1. Has an office in this State that is not its principal office; and
2. Meets the definition of a trust institution under 12 U.S.C. § 1841(c)(2)(D); or
(iii) 1. Has an office in this State that is not its principal office; and
2. Accepts deposits at its office in this State; or
(3) Is organized under the laws of another state as a bank, trust company, or savings bank and:
(i) 1. Has an office in this State that is not its principal office;
2. Meets the definition of a trust institution under 12 U.S.C. § 1841(c)(2)(D); and
3. Is a direct or indirect subsidiary of a bank holding company that has a direct or indirect bank, trust company, or savings bank subsidiary that has an office in this State at which deposits are accepted; or
(ii) 1. Has an office in this State that is not its principal office; and
2. Accepts deposits at its office in this State.
(w) “Will” has the meaning stated in § 4-101 of this article.