$1950 – Flat Fee for a Probate Attorney for Essex Fells, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to help you probate an uncontested Will or uncontested intestacy estate. We understand that this may be a trying time, and you also need help. The procedure is pretty straight forward, and you will help 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 could be managed.
As your Probate Lawyer for Essex Fells, NJ we’ll 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
- Apply for a Federal Tax ID Number for the estate
- So that you’ll be able to pay invoices from estate account, set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will need to supply names and addresses
- We will send notice to the Attorney General, if contributions are being made to charity
- We can work with you to produce Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if needed. Many wills state that executors can function with no 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 House (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 responsibilities as the Personal Administrator for the estate:
- Collect and manage assets of the estate
- Get assessment vales of the estate’s real and personal property
- Sell the property of the estate
- Settle the estate’s Debts
- File Federal and State Income Tax Returns for the deceased. Which is distinct from preparing the inheritance tax return and getting tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What’s Probate NJ, in Essex Fells?
When someone passes away in Essex Fells, New Jersey, his or her property generally must go through a court-supervised process called probate. As an example if someone one owns a home, the house will have to be probated in the County Surrogate’s office where the dwelling lives.
Essex Fells Probate eases the transfer of the decedent’s assets to organizations or people, 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. A simplified or proper probate process is needed unless all of the assets left behind are considered non-probate, meaning they transfer mechanically at death, for example life insurance proceeds, POD trusts and accounts.
What items are needed in Essex Fells, NJ for Probate?
Below is a list of items necessary 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 (personal) 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. Cash or check to pay the surrogates fees}.
5. If someone dies with no 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 prior or equal right to the applicant to serve as the estate’s Administrator. “Wet” 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.
Added informative data on becoming a Personal Representative of the Estate in Essex Fells, NJ
The estate of someone who dies with no 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 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 higher due to the quantity of additional responsivity involved if you want us to become the executor.
Time line of Obligations of Administrator/Personal Representative /Executor in NJ, Essex Fells to the estate
In Essex Fells New Jersey, a personal representative handles the probate process. If this person is named in the will, he’s 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 given time; however, probate Won’t officially open until at least 10 days subsequent to the passing of your loved one. As part of beginning probate, the executor must submit the will and have it “established.” This simply means that the record to make sure that it was executed according to the formalities of New Jersey State law all will be reviewed by a clerk. Once this is complete, the court will provide the personal representative with greater power through what are called “Letters Testamentary.” We will help you to get this letter. The letters supply the personal representative with all the authority to complete several tasks.
The obligations of the Personal Representative begin, subsequent to the Letters Testamentary have been dilemmas.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
The personal representative must then collect and safeguard all estate property and value it, obtaining appraisals where necessary. This can entail taking control of a business, 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 started.
You won’t have the capacity to file the NJ inheritance tax return until it’s clear as to the sums of other expenses and the medical bills your loved one might have outstanding. Medical expenses can be deducted in the inheritance tax. We can advocate a CPA that can help, if you’ll need help preparing the tax return.
Taxes and all outstanding debts have to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets may subsequently be transferred to the beneficiaries.
Properties for example dwellings will need to get deeds created, and other things like vehicles will need to get new titles purchased.
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]