$1950 – Flat Fee for a Probate Lawyer for Elizabeth, NJ to help settle your loved one’s estate Call 844 533 3367
We charge a flat fee of $1950 to assist you to probate uncontested intestacy estate or an uncontested Will. We understand this can be a trying time, and you also need help. The process is fairly straight forward, and you will walk through every step on the way. If no one is contesting the distribution of assets, then the process of closing out the estate may seem long, but the legal costs can be managed.
As your Probate Attorney for Elizabeth, NJ we will handle the below list of items for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice of Probate with Surrogate Court
- Make an application for a Federal Tax ID Number for the estate
- Prepare the Estate Account at a bank so you’ll have the capacity to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You will need to provide names and addresses
- If contributions are being made to charity, we’ll send notice to the Attorney General
- We can work together with you to produce Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if necessary. Many wills state that executors can serve without a bond. (The cost of the bond is different than the attorney fee that we charge.)
Get Child Support Judgment clearance before any distributions are made.
- Prepare Deed Transfer for 1 Property (Additional Property Deeds we charge $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 for the estate as the Personal Administrator:
- Collect and manage assets of the estate
- Get assessment vales of the estate’s personal and real property
- Sell the property of the estate
- Settle the estate’s Debts
- File State and Federal Income Tax Returns for the deceased. Which is different than preparing the inheritance tax return and getting tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Elizabeth?
When an individual passes away in her or his Elizabeth New Jersey property generally must undergo a court-supervised procedure called probate. For example if someone one owns a house, the home will have to be probated in the County Surrogate’s office where the home dwells.
Elizabeth Probate facilitates the transfer of the decedent’s assets to people or organizations, as supplied either through the deceased person’s will or according to the New Jersey’s intestacy laws. Where property goes with priority to close relatives, in the lack of a will intestacy laws order. Formal probate procedure or a simplified is required unless every one of the assets left behind are considered non-probate, meaning they transfer automatically at departure, like life insurance proceeds, POD trusts and accounts.
What items are needed NJ, in Elizabeth for Probate?
Below is a list of items required 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 complete 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 without a will, a proper 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 make sure that if a person is out of state when they sign the renunciation they send the original signed file.
Additional info on becoming a Personal Representative of the Estate in Elizabeth, NJ
The estate of a person who dies without a Will is called an “intestate” estate. We will allow 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’. Should you would like us to become the executor, our fees would be due to the amount of additional responsivity included.
Time line of Administrator/Personal Representative /Executor of Responsibilities in NJ, Elizabeth to the estate
In Elizabeth New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he is known as an “executor.” Otherwise, he is made by the probate court and is called an “administrator.” The probate procedure is started by filing an application with the Surrogate’s Court at any time; however, probate will not officially open until at least 10 days following the death of your loved one. As part of starting probate, the executor must submit the will and have it “established.” This merely means that the document to make sure that it was executed according to all of 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’ll help you get this letter. The letters testamentary supply the ability to complete several tasks to the personal representative.
After the Letters Testamentary have been issues, the obligations of the Personal Representative begin.
The personal representative must notify all of the beneficiaries listed in the will within 60 days following the will is admitted.
All estate property must then accumulate and safeguard and value it, obtaining assessments where needed. This may entail taking control of a company, managing a securities portfolio, acting as the land lord for real estate.
Normally a Federal EIN number must be got for the estate.
A bank account for the estate will have to be opened.
You will not be able to file the NJ inheritance tax return until it is clear regarding the amounts of the medical bills and other expenses your loved one might have outstanding. Medical expenses can be deducted in the inheritance tax. We can recommend a CPA that can help should you really need help preparing the tax return.
All outstanding debts and taxes must be paid.
Once all debts are paid, which might require sale of estate property, the remaining assets may subsequently be transferred to the beneficiaries.
Properties such as residences will need to have deeds and other things like automobiles will have to possess 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]