$1950 – Flat Fee for a Probate Attorney for Hawthorne, NJ to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to allow you to probate intestacy estate that is uncontested or an uncontested Will. We understand this might be a trying time, and you need help. The procedure is pretty straight forward, and we’ll help you through every step along the way. If no one is contesting the distribution of assets, then the method of closing out the estate might seem long, but the legal costs can be handled.
As your Probate Lawyer for Hawthorne, NJ we’ll handle the below list of things for you:
- Bring Will to Surrogate Court to submit an application for Letters Testamentary
- File notice of Probate with Surrogate Court
- Submit an application for a Federal Tax ID Number for the estate
- So that you’ll be able to pay bills from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will have to supply names and addresses
- If donations are being made to charity, we will send notice to the Attorney General
- We can work together 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 without a bond. (The cost of the bond is different than the attorney fee that we charge.)
Get 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 (Additional titles at $150 each)
If you don’t hire us to do the below this will be part of your responsibilities as the Personal Administrator for the estate:
- Gather and manage assets of the estate
- Get appraisal vales of the estate’s personal and real property
- Sell the property of the estate
- Settle the estate’s Bills
- File State and Federal Income Tax Returns for the your loved one. Which is different than obtaining tax waivers and that preparing the inheritance tax return. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Hawthorne?
When an individual passes away in Hawthorne, New Jersey, his or her property generally must go through a court-supervised procedure 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.
Hawthorne 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. Intestacy laws dictate where property goes in the absence of a will, with priority to close relatives. Formal probate procedure or a simplified is needed unless every one of the assets are considered non-probate, meaning they transfer mechanically at death, for example life insurance proceeds, POD trusts and accounts.
What things are needed for Probate in Hawthorne, NJ?
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 insuring all real estate and non-real estate (personal) assets. At this time an item-by-item valuation isn’t needed to be submitted.
3. The complete names and addresses of the deceased’s next of kin.
4. Money to fully pay the surrogates fees}.
5. If a person dies without a 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 individual, 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 document.
Added tips on becoming a Personal Representative of the Estate NJ, in Hawthorne
The estate of someone who dies without a Will is known as an “intestate” estate. We will 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 due to the amount of further responsivity included should you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Obligations in Hawthorne, NJ to the estate
In Hawthorne New Jersey, the probate procedure is handled by a personal representative. If this person is named in the will, he is referred to as an “executor.” Otherwise, he’s appointed by the probate court and is referred to as an “administrator.” The probate process is started by filing an application with the Surrogate’s Court at any given time; nevertheless, probate will not formally open until at least 10 days after 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 record to ensure that it absolutely was executed according to the formalities of New Jersey State law all. Once this is complete, the court will provide the personal representative with greater ability through what are called “Letters Testamentary.” We’ll help you to get this letter. The letters supply the personal representative with all the ability to complete several jobs.
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 admitted.
The personal representative must then accumulate and safeguard all estate property and worth it, getting appraisals where necessary. This can involve 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 need to be opened.
You won’t be able to file the NJ inheritance tax return until it’s clear as to the sums of the medical bills and other expenses your loved one may have outstanding. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that can help, if you’ll need help preparing the tax return.
Taxes and all outstanding debts need 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 such as dwellings will need to have deeds and other items like autos will have to have 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. Contact us at (844) 533-3367 or email us at [email protected]