$1950 – Flat Fee for a Probate Lawyer for Plainfield, New Jersey to help settle your loved one’s estate Call 844 533 3367
We charge a flat fee of $1950 to assist you to probate an uncontested Will or uncontested intestacy estate. We realize that this may be a trying time, and also you need help. The process is pretty straight forward, and we will help you through every step on the way. If none of your relatives are challenging the distribution of assets, then the method of closing out the estate may seem long, but the legal costs can be managed.
As your Probate Lawyer for Plainfield, NJ we will handle the below list of things for you:
- Bring Will to Surrogate Court to make an application for Letters Testamentary
- File notice with Surrogate Court of Probate
- Submit an application for a Federal Tax ID Number for the estate
- Prepare the Estate Account at a bank so that you’ll manage to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You will have to supply addresses and names
- If donations are being made to charity, we will send notice to the Attorney General
- We can work with you to produce Informal Accounting for the surrogate court .
- Refunding Bond and prepare Release if necessary. Many wills say that executors can serve with no 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 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 duties as the Personal Administrator for the estate:
- Gather and manage assets of the estate
- Get evaluation vales of the estate’s real and personal property
- Sell the property of the estate
- Pay the estate’s Debts
- File State and Federal Income Tax Returns for the deceased. Which is different than getting tax waivers and that preparing the inheritance tax return. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate in Plainfield, NJ?
When someone passes away in his or Plainfield New Jersey property usually must go through a court-supervised process called probate. For instance if someone one has title to a home, the house will have to be probated in the County Surrogate’s office where the house lives.
Plainfield Probate eases the transfer of the decedent’s assets to organizations or individuals, as provided either through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws order where property goes in the absence of a will, with precedence to close relatives. A simplified or formal probate procedure is required unless all of the assets are considered non-probate, meaning they transfer mechanically at death, like life insurance proceeds, POD trusts and accounts.
What things are needed in Plainfield, NJ for Probate?
Below is a record of things 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 (private) assets. At this time an item by item valuation is not needed to be submitted.
3. The entire names and addresses of the your loved ones’s next of kin.
4. Cash or check 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 person, if any, who has prior or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, so be sure that if a person 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 in Plainfield, NJ
The estate of somebody who dies with no Will is called an “intestate” estate. We’ll allow 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 because of the amount of further responsivity involved, should you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Responsibilities in NJ, Plainfield to the estate
In Plainfield New Jersey, a personal representative handles the probate process. If this individual is named in the will, he’s known as an “executor.” Otherwise, he is made by the probate court and is known as an “administrator.” The probate process is started by filing an application with all the Surrogate’s Court at any given time; however, probate Won’t formally open until at least 10 days following the passing of your loved one. As part of starting probate, the executor must submit the will and have it “established.” This just means that a clerk will review the document to ensure that it 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 provide the authority to complete several tasks to the personal representative.
Subsequent to the Letters Testamentary have been problems, 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 collect and safeguard and value it, obtaining appraisals where essential. This could entail taking control of a company, managing a securities portfolio, as the land lord acting for real estate.
Usually a Federal EIN number must be obtained for the estate.
A bank account for the estate will have to be opened.
You won’t have the capacity to file the NJ inheritance tax return until it is clear regarding the amounts of other expenses and the medical bills your loved one may have owed. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that may help should you will 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 subsequently be transferred to the beneficiaries.
Properties such as dwellings will need to get deeds created, and other items like vehicles 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]