Estate & Probate

The attorneys at Parker, Simon & Kokolis, LLC have served as the personal representative in hundreds of cases at the request of the largest creditor of the estate – the mortgage-holder or bank. We take our fiduciary duty seriously and act in the best interest of the estate. If there are adequate assets which can be used to reinstate the loan, our counsel will act appropriately. If there are not sufficient funds and the mortgage exceeds the value, we accept service of process on behalf of the estate so the property can be sold at foreclosure and moved back into the marketplace.

We provide legal services in Maryland and the District of Columbia in the areas of:

• Court-Appointed Estate Administration at Creditor Request
• Probate and Estate Administration
• Simple Estate Planning

Frequently, the only asset of value in an estate is the real property, and in today’s depressed real estate market, the property may be worth less than the mortgage encumbering it. A security interest in property is valid until the loan is paid off or otherwise extinguished. The obligation is not removed by the death of the person who signed the security interest. Under these circumstances, the heirs of the decedent are often not willing to serve as the personal representative of the estate.

The attorneys at Parker, Simon & Kokolis, LLC have served as the personal representative in hundreds of cases at the request of the largest creditor of the estate – the mortgage-holder or bank. We take our fiduciary duty seriously and act in the best interest of the estate. If there are adequate assets which can be used to reinstate the loan, our counsel will act appropriately. If there are not sufficient funds and the mortgage exceeds the value, we accept service of process on behalf of the estate so the property can be sold at foreclosure and moved back into the marketplace.

Buying a home is likely to be the largest, most significant purchase of your life. Oftentimes, other momentous events are occurring during the same time period – getting married, having children or, on the opposite end of the spectrum, retiring. Parker, Simon & Kokolis, LLC recognizes the importance of proper estate planning in order to preserve your largest asset, your home, for your loved ones.

The attorneys with Parker, Simon & Kokolis, LLC can assist you with Simple Estate planning and the preparation of wills. Contact Parker, Simon & Kokolis, LLC to consult with us about your estate and probate issues.