$1950 – Flat Fee for a Probate Lawyer for Clark, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to enable you to probate an uncontested Will or uncontested intestacy estate. We realize that this might be a trying time, and also you need help. The process is rather straight forward, and we will walk you through every step along the way. If no one is challenging the distribution of assets, then the process of closing out the estate may seem long, but the legal costs can be handled.
As your Probate Lawyer for Clark, NJ we will manage the below list of items for you:
- Bring Will to Surrogate Court to make an application for Letters Testamentary
- File notice with Surrogate Court of Probate
- Make an application for a Federal Tax ID Number for the estate
- So you will have the capacity to pay invoices from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will need to supply addresses and names
- We will send notice to the Attorney General if contributions are being made to charity
- We can work together with you to prep Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if necessary. Many wills say that executors can function without a bond. (The expense of the bond is separate than the lawyer fee that we charge.)
Obtain Child Support Judgment clearance before any distributions are made.
- Prepare Deed Transfer for 1 Home (Additional Property Deeds we bill $575 each)
- Prepare Title Transfer for 1 vehicle (Additional titles at $150 each)
If you don’t hire us to do the below this will be part of your duties as the Personal Administrator for the estate:
- Gather and manage assets of the estate
- Get evaluation 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 is Probate NJ, in Clark?
When someone passes away in his or her Clark, NJ property usually must go through a court-supervised process called probate. For example if someone one has title to a house, the house will have to be probated in the County Surrogate’s office where the dwelling dwells.
Clark Probate facilitates the transfer of the decedent’s assets to organizations or people, as provided 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 dictate. Formal probate process or a simplified is needed unless all the assets are considered non-probate, meaning they transfer mechanically at death, such as life insurance proceeds, POD accounts and trusts.
What items are needed in Clark, NJ for Probate?
Below is a list of things necessary for probate.
1. The original death certificate with a raised seal.
2. An estimate of the gross value of the estate insuring all real estate and non-real estate (personal) assets. At this time an item by item valuation is not needed to be submitted.
3. The entire names and addresses of the your loved ones’s next of kin.
4. Money to fully pay the fees that are surrogates}.
5. If a person 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. “Wet” signatures are required, thus be sure that if a person is out of state when they sign the renunciation they send the original signed file.
Added info on becoming a Personal Representative of the Estate NJ, in Clark
The estate of somebody who dies without a Will is known as an “intestate” estate. We’ll help you become the Personal Representative of the estate. This position has several names Executor, Personal Representative, Administrator and also the proper Administrator C.T.A. which is the abbreviation of Administrator Cum Testaments Annex, which means ‘Administrator to the will annexed’. Our fees would be higher due to the amount of additional responsivity involved, in the event you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Obligations in NJ, Clark to the estate
In Clark New Jersey, a personal representative handles the probate process. If this person is named in the will, he is called an “executor.” Otherwise, he is named by the probate court and is called an “administrator.” The probate procedure is commenced by filing an application with the Surrogate’s Court at any time; nonetheless, probate will not formally open until at least 10 days subsequent to the passing of your loved one. As part of initiating probate, the executor must submit the will and have it “established.” This simply means that a clerk will review the document to make certain that it absolutely was executed according to all the formalities of New Jersey State law. Once this is complete, the court will provide the personal representative with greater power through what are called “Letters Testamentary.” We’ll help you to get this letter. The letters testamentary provide the ability to complete several jobs to the personal representative.
The responsibilities of the Personal Representative begin, subsequent to the Letters Testamentary have been dilemmas.
The personal representative must notify all of the beneficiaries listed in the will within 60 days following the will is accepted.
The personal representative must then collect and safeguard all estate property and value it, obtaining appraisals where crucial. This can involve taking control of a small business, managing a securities portfolio, as the land lord acting for real estate.
Generally a Federal EIN number must be obtained for the estate.
A bank account for the estate will need to be started.
You won’t have the ability to file the NJ inheritance tax return until it’s clear as to the amounts of the medical bills and other expenses your loved one might have outstanding. Medical expenses could be deducted in the inheritance tax. We can advocate a CPA that may help should you’ll need help preparing the tax return.
All outstanding debts and taxes have to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets may then be transferred to the beneficiaries.
Properties for example dwellings will need to have deeds and other things like vehicles will need to get 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. Contact us at (844) 533-3367 or email us at [email protected]