$1950 – Flat Fee for a Probate Attorney for Glen Ridge, 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 intestacy estate that is uncontested or an uncontested Will. We realize this may be a trying time, and also you need help. The process is fairly 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 might seem long, but the legal costs could be managed.
As your Probate Lawyer for Glen Ridge, NJ we will manage the below list of things for you:
- Bring Will to Surrogate Court to submit 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 that you’ll be able to pay bills from estate account, set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to supply addresses and names
- We will send notice to the Attorney General, if contributions are being made to charity
- We can work with you to prep Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if necessary. Many wills state that executors can function with no bond. (The expense of the bond is separate than the lawyer fee that we charge.)
Get Child Support Judgment clearance before any distributions are made.
- Prepare Deed Transfer for 1 House (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 duties for the estate as the Personal Administrator:
- Gather and manage assets of the estate
- Get evaluation vales of the estate’s personal and real property
- Sell the property of the estate
- Write checks for the estate’s Debts
- File Federal and State Income Tax Returns for the deceased. Which is distinct from preparing the inheritance tax return and obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Glen Ridge?
When an individual passes away in Glen Ridge, New Jersey, his or her property usually must go through a court-supervised procedure called probate. As an example if someone one owns a home, the home will need to be probated in the County Surrogate’s office where the home dwells.
Glen Ridge Probate facilitates the transfer of the decedent’s assets to individuals or organizations, as supplied either through the deceased person’s will or according to the New Jersey’s intestacy laws. Where property goes with precedence to close relatives, in the lack of a will intestacy laws order. Proper probate procedure or a simplified is required unless every one of the assets are considered non-probate, meaning they transfer mechanically at death, for example life insurance proceeds, POD accounts and trusts.
What things are required for Probate NJ, in Glen Ridge?
Below is a record of things required 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 (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 pay the fees that are surrogates}.
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 earlier or equal right to the applicant to serve as the estate’s Administrator. Original signatures are required, thus ensure that if someone is out of state when they sign the renunciation they send the original signed document.
Added info on becoming a Personal Representative of the Estate in Glen Ridge, NJ
The estate of someone 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 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 further responsivity involved, in the event you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Obligations in Glen Ridge, NJ to the estate
In Glen Ridge New Jersey, a personal representative handles the probate procedure. If this individual is named in the will, he’s referred to as an “executor.” Otherwise, he is made by the probate court and is referred to as an “administrator.” The probate procedure is commenced by filing an application with all the Surrogate’s Court at any given time; nevertheless, probate Won’t officially open until at least 10 days after the departure of your loved one. As part of beginning probate, the executor must submit the will and have it “demonstrated.” This merely means that a clerk will review the document to make sure 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 exactly are called “Letters Testamentary.” We’ll help you to get this letter. The letters provide the authority to complete several tasks to the personal representative.
The duties of the Personal Representative begin subsequent to the Letters Testamentary have been problems.
The personal representative must notify all of the beneficiaries listed in the will within 60 days following the will is accepted.
All estate property must then collect and safeguard and value it, getting appraisals where needed. This may entail taking control of a small business, managing a securities portfolio, as the land lord, acting for real estate.
Usually 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 ability to file the NJ inheritance tax return until it’s clear regarding the sums of the medical bills and other expenses your loved one might have outstanding. Medical expenses can be deducted in the inheritance tax. We can advocate a CPA that can help in the event 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 remaining assets may then be transferred to the beneficiaries.
Properties such as houses will need to get deeds created, and other items like automobiles will have 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]