$1950 – Flat Fee for a Probate Lawyer for Ridgefield, New Jersey to help settle your loved one’s estate Call 844 533 3367
We charge a flat fee of $1950 to allow you to probate uncontested intestacy estate or an uncontested Will. We understand that this can be a trying time, and you also need help. The procedure is pretty straight forward, and we’ll walk you through every step on 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 can be handled.
As your Probate Attorney for Ridgefield, NJ we will 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
- Apply for a Federal Tax ID Number for the estate
- So that you will have the capacity to pay invoices from estate account, set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to provide 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 .
- Prepare Release and Refunding Bond if needed. Many wills state that executors can serve without a 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 Home (Added Property Deeds we bill $575 each)
- Prepare Title Transfer for 1 vehicle (Added titles at $150 each)
If you don’t hire us to do the below this will be part of your duties 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
- Pay the estate’s Debts
- File Federal and State Income Tax Returns for the your loved one. Which is distinct from obtaining tax waivers and that preparing the inheritance tax return. (We can suggest a CPA for you.)
- Distribute the assets.
What is Probate in Ridgefield, NJ?
When someone passes away in his or her Ridgefield, NJ property usually must go through a court-supervised procedure called probate. For instance if someone one has title to a home, the house will need to be probated in the County Surrogate’s office where the dwelling lives.
Ridgefield Probate facilitates the transfer of the decedent’s assets to people or organizations, as provided through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws dictate where property goes in the lack of a will, with priority to close relatives. A simplified or formal probate process is required unless all of the assets left behind are considered non-probate, meaning they transfer mechanically at departure, for example life insurance proceeds, POD accounts and trusts.
What things are needed in Ridgefield, NJ for Probate?
Below is a list of items needed for probate.
1. The original death certificate with a raised seal.
2. An approximation 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 your loved ones’s next of kin.
4. Money to fully pay the surrogates fees}.
5. If someone 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 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 advice on becoming a Personal Representative of the Estate in Ridgefield, 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 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 because of the quantity of further responsivity involved, if you would like us to become the executor.
Time line of Responsibilities of Administrator/Personal Representative /Executor in Ridgefield, NJ to the estate
In Ridgefield New Jersey, a personal representative handles the probate process. If this individual is named in the will, he is known as an “executor.” Otherwise, he’s appointed by the probate court and is called an “administrator.” The probate process is commenced by filing an application with all the Surrogate’s Court at any time; yet, probate Won’t formally open until at least 10 days subsequent to the passing of your loved one. As part of commencing probate, the executor must submit the will and have it “established.” This just means that the record to ensure that it absolutely was executed according to all the formalities of New Jersey State law 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’ll help you get this letter. The letters provide the personal representative with all the ability to complete several jobs.
After the Letters Testamentary have been problems, the responsibilities of the Personal Representative begin.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
The personal representative must then gather and safeguard all estate property and value it, obtaining appraisals where crucial. This can involve taking control of a company, managing a securities portfolio, acting as the land lord for real estate.
Generally a Federal EIN number must be obtained for the estate.
A bank account for the estate will have to be opened.
You will not be able to file the NJ inheritance tax return until it’s clear as to the amounts of other expenses and the medical bills your loved one might have owed. Medical expenses could be deducted in the inheritance tax. We can recommend a CPA that may help, should you will need help preparing the tax return.
All outstanding debts and taxes need 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 including dwellings will have to get deeds and other things like autos 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 INFO@FocusedLaw.com.