FAQs for Maine Probate
Probate laws vary state to state so it is important that you understand the laws in your state. There are key differences that make dealing with probate in Maine unique.
1. Can Probate be avoided in Maine?
In Maine, you can avoid Probate if you set up a trust for all of your assets. If there is no trust or other plans, the estate will enter the probate process in Maine which can be a long process.
2. How long does Probate Take in Maine?
The probate process in Maine can be frustratingly long. It can take anywhere from 9 months to over 2 years, depending upon the complexity of the estate, the number of heirs, and the speed of the local court administering the case. If the Will is being contested, probate can drag on for even longer – sometimes taking several years. And that was pre-pandemic so now we are seeing more delays. Parker & Cole can get you funded long before the probate process is completed.
3. How can I speed up the probate process in Maine?
Unfortunately, there is no real way to speed up the probate process, as it is required to go through the Courts which are currently backlogged. However, Parker & Cole can be the ideal solution to access a portion of your inheritance while you wait for the estate to close and disburse. The experienced professionals at Parker & Cole can guide you through the process making it easy to get the money you need as quickly as the same day.
4. Can I get a Probate Advance in Maine?
Yes. Parker & Cole works in all fifty states and in all of Maine’s counties, including, but not limited to the following:
- Androscoggin County, ME
- Aroostock County, ME
- Cumberland County, ME
- Franklin County, ME
- Hancock County, ME
- Kennebec County, ME
- Knox County, ME
- Lincoln County, ME
- Oxford County, ME
- Penobscot County, ME
- Piscataquis County, ME
- Sagadahoc County, ME
- Somerset County, ME
- Waldo County, ME
- Washington County, ME
- York County, ME
5. Does Maine have an estate tax?
Yes, Maine does have an estate tax. The following states do have an estate tax:
- New York
- Rhode Island
- Washington (state)
6. Does Maine have an inheritance tax?
No, Maine does not have an inheritance tax. The following states do have an inheritance tax:
- New Jersey