$1950 – Flat Fee for a Probate Attorney for Cedar Grove, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to allow you to probate an uncontested Will or uncontested intestacy estate. We understand this might be a trying time, and you also need help. The procedure is rather straight forward, and you will walk through every step along the way. If no one is contesting the distribution of assets, then the procedure for closing out the estate may seem long, but the legal costs can be managed.
As your Probate Attorney for Cedar Grove, NJ we will manage the below list of items for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice of Probate with Surrogate Court
- Submit an application for a Federal Tax ID Number for the estate
- Set up the Estate Account at a bank so you’ll have the ability to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You have to supply names and addresses
- If contributions are being made to charity, we’ll send notice to the Attorney General
- We can work with you to prep Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if needed. Many wills state that executors can serve with no bond. (The cost of the bond is different than the attorney fee that we charge.)
Obtain Child Support Ruling clearance before any distributions are made.
- Prepare Deed Transfer for 1 Home (Added Property Deeds we bill $575 each)
- Prepare Title Transfer for 1 vehicle (Added titles at $150 each)
Unless you hire us to do the below this will be part of your obligations as the Personal Administrator for the estate:
- Gather and manage assets of the estate
- Get assessment vales of the estate’s personal and real property
- Sell the property of the estate
- Pay the estate’s Bills
- File Federal and State Income Tax Returns for the your loved one. Which is distinct from preparing the inheritance tax return and obtaining tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What exactly is Probate in Cedar Grove, NJ?
When someone passes away in his or her Cedar Grove, NJ property generally must go through a court-supervised process called probate. As an example if someone one owns a house, the home will need to be probated in the County Surrogate’s office where the home resides.
Cedar Grove Probate eases the transfer of the decedent’s assets to people or organizations, as provided either through the deceased person’s will or according to the New Jersey’s intestacy laws. Where property goes in the absence of a will, with precedence to close relatives intestacy laws order. A simplified or proper probate process is needed unless every one of the assets are considered non-probate, meaning they transfer mechanically at departure, like life insurance proceeds, POD accounts and trusts.
What items are needed for Probate NJ, in Cedar Grove?
Below is a list of things needed for probate.
1. The original death certificate with a raised seal.
2. An estimate of the gross value of the estate covering all real estate and non-real estate (private) assets. At this time an item-by-item valuation is not needed to be submitted.
3. The entire names and addresses of the deceased’s next of kin.
4. Money to fully pay the surrogates fees}.
5. If someone dies with no will, a formal written Renunciation of the right to serve as the estate’s Administrator signed in the presence of a Notary Public by every person, if any, who has earlier or equal right to the applicant to serve as the estate’s Administrator. Original signatures are required, thus ensure that if a person is out of state when they sign the renunciation they send the original signed file.
Added informative data on becoming a Personal Representative of the Estate in Cedar Grove, NJ
The estate of someone who dies with no Will is called an “intestate” estate. We’ll assist you to become the Personal Representative of the estate. This position has several names Executor, Personal Representative, Administrator and the formal Administrator C.T.A. which is the abbreviation of Administrator Cum Testaments Annex, which means ‘Administrator to the will annexed’. Our fees would be due to the amount of further responsivity involved should you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Obligations in NJ, Cedar Grove to the estate
In Cedar Grove New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he’s called an “executor.” Otherwise, he’s named by the probate court and is referred to as an “administrator.” The probate process is started by filing an application with all the Surrogate’s Court at any given time; nevertheless, probate Won’t formally open until at least 10 days following the passing of your loved one. As part of commencing probate, the executor must submit the will and have it “established.” This merely means that the record to ensure that it absolutely was executed according to all the formalities of New Jersey State law will be reviewed by a clerk. Once this is complete, the court will provide the personal representative with greater authority through what are called “Letters Testamentary.” We will help you to get this letter. The letters supply the ability to complete several tasks to the personal representative.
The responsibilities of the Personal Representative start subsequent to the Letters Testamentary have been problems.
The personal representative must notify all of the beneficiaries listed in the will within 60 days after the will is accepted.
All estate property must then accumulate and safeguard and value it, getting appraisals where required. This can involve taking control of a business, managing a securities portfolio, acting as the land lord for real estate.
Generally a Federal EIN number must be got for the estate.
A bank account for the estate will have to be started.
You will not have the capacity to file the NJ inheritance tax return until it is clear regarding the amounts of other expenses and the medical bills your loved one may have outstanding. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that can help, in the event you need help preparing the tax return.
All outstanding debts and taxes need to be paid.
Once all debts are paid, which might require sale of estate property, the remaining assets can then be transferred to the beneficiaries.
Properties such as houses will need to have deeds and other things like vehicles will have to have new titles ordered.
If you think you need help, it is important to speak with an attorney who can help you understand your options during this time. Protect your interests and have your questions answered. Contact us today, and we will go over all of your options. Call us at 844-533-3367 or email us at [email protected]