$1950 – Flat Fee for a Probate Attorney for Paterson, NJ to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to enable you to probate an uncontested Will or intestacy estate that is uncontested. We realize that this might be a trying time, and also you need help. The process is pretty straight forward, and you will walk through every step on the way. If none of your relatives are challenging the distribution of assets, then the process of closing out the estate may seem long, but the legal costs could be handled.
As your Probate Attorney for Paterson, NJ we’ll handle the below list of items for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice with Surrogate Court of Probate
- Submit an application for a Federal Tax ID Number for the estate
- Set up the Estate Account at a bank so that you’ll manage to pay bills from estate account
- Send Notice of Probate to Beneficiaries – You should provide names and addresses
- We will send notice to the Attorney General if donations are being made to charity
- We can work with you to prep Informal Accounting for the surrogate court .
- Refunding Bond and prepare Release if necessary. Many wills state that executors can serve without a bond. (The cost of the bond is separate than the lawyer fee that we charge.)
Obtain Child Support Ruling 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 (Additional 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 appraisal vales of the estate’s personal and real 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 obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate in Paterson, NJ?
When an individual passes away in his or Paterson New Jersey property generally must go through a court-supervised process called probate. For instance if someone one owns a home, the house will have to be probated in the County Surrogate’s office where the home resides.
Paterson Probate eases 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 priority to close relatives, in the lack of a will intestacy laws order. A simplified or proper probate process is needed unless every one of the assets left behind are considered non-probate, meaning they transfer mechanically at departure, like life insurance proceeds, POD accounts and trusts.
What things are needed for Probate NJ, in Paterson?
Below is a list of items needed 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. Cash or check 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 prior or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, thus be sure that if someone is out of state when they sign the renunciation they send the original signed file.
Additional tips on becoming a Personal Representative of the Estate NJ, in Paterson
The estate of somebody who dies without a Will is known as an “intestate” estate. We will assist you to become the Personal Representative of the estate. This position has several names Executor, Personal Representative, Administrator and also 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 further responsivity involved, should you want us to become the executor.
Time line of Responsibilities of Administrator/Personal Representative /Executor in NJ, Paterson to the estate
In Paterson New Jersey, the probate process is managed by a personal representative. If this person is named in the will, he is referred to as an “executor.” Otherwise, he’s 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; nevertheless, probate will not officially open until at least 10 days subsequent to the departure of your loved one. As part of beginning probate, the executor must submit the will and have it “proved.” This simply means that a clerk will review the file to ensure that it 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 ability through what exactly are called “Letters Testamentary.” We’ll help you get this letter. The letters 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 problems.
The personal representative must notify all of the beneficiaries listed in the will within 60 days after the will is accepted.
The personal representative must then collect and safeguard all estate property and value it, obtaining appraisals where necessary. This could involve taking control of a company, managing a securities portfolio, as the land lord, acting for real estate.
Usually a Federal EIN number should be got for the estate.
A bank account for the estate will need to be opened.
You will not have the ability to file the NJ inheritance tax return until it is clear as to the amounts of the medical bills and other expenses your loved one may have outstanding. Medical expenses can be deducted in the inheritance tax. We can recommend a CPA that can help in the event you really 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 remaining assets can then be transferred to the beneficiaries.
Properties for example houses will have 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]