$1950 – Flat Fee for a Probate Attorney for Summit, 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 an uncontested Will or intestacy estate that is uncontested. We realize this can be a trying time, and also you need help. The procedure is fairly straight forward, and we will help you through every step on the way. If no one is challenging the distribution of assets, then the procedure for closing out the estate may seem long, but the legal costs could be managed.
As your Probate Attorney for Summit, 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 of Probate with Surrogate Court
- Make an application for a Federal Tax ID Number for the estate
- Set up the Estate Account at a bank so you will have the ability to pay bills from estate account
- Send Notice of Probate to Beneficiaries – You will have to provide names and addresses
- If contributions are being made to charity, we’ll send notice to the Attorney General
- We can work with you to prep Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if necessary. Many wills state that executors can serve without a bond. (The cost of the bond is separate than the attorney 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 obligations for the estate as the Personal Administrator:
- Gather and manage assets of the estate
- Get appraisal vales of the estate’s real and personal 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 distinct from preparing the inheritance tax return and obtaining tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What is Probate in Summit, NJ?
When someone passes away in her or his Summit New Jersey property generally must go through a court-supervised process called probate. For instance if someone one owns a house, the house will need to be probated in the County Surrogate’s office where the dwelling resides.
Summit Probate eases the transfer of the decedent’s assets to organizations or individuals, as provided through the deceased person’s will or according to the New Jersey’s intestacy laws. Where property goes in the lack of a will, with precedence to close relatives intestacy laws order. Formal probate procedure or a simplified is needed unless all of the assets left behind are considered non-probate, meaning they transfer mechanically at departure, like life insurance proceeds, POD trusts and accounts.
What items are required NJ, in Summit for Probate?
Below is a record of items needed 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 isn’t needed to be submitted.
3. The entire names and addresses of the your loved ones’s next of kin.
4. Money to pay the fees that are surrogates}.
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 prior or equal right to the applicant to serve as the estate’s Administrator. Original signatures are required, thus be sure that if someone is out of state when they sign the renunciation they send the original signed document.
Additional advice on becoming a Personal Representative of the Estate NJ, in Summit
The estate of someone who dies with no 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 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 due to the quantity of additional responsivity included should you want us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in NJ, Summit to the estate
In Summit New Jersey, the probate process is handled by a personal representative. If this individual is named in the will, he’s referred to as an “executor.” Otherwise, he’s named by the probate court and is known as an “administrator.” The probate procedure is commenced by filing an application with all the Surrogate’s Court at any time; however, probate will not formally open until at least 10 days following the passing of your loved one. As part of beginning probate, the executor must submit the will and have it “demonstrated.” This simply means that a clerk will review the record to ensure that it was executed according to all of the formalities of New Jersey State law. Once this is complete, the court will provide the personal representative with greater ability through what are called “Letters Testamentary.” We will help you to get this letter. The letters testamentary supply the personal representative with the authority to complete several jobs.
The obligations of the Personal Representative start after the Letters Testamentary have been problems.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
All estate property must then collect and safeguard and value it, getting assessments where necessary. This can involve taking control of a small business, managing a securities portfolio, acting as the land lord for real estate.
Typically a Federal EIN number must certanly be obtained 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 is clear regarding the amounts of other expenses and the medical bills your loved one might have outstanding. Medical expenses may be deducted in the inheritance tax. We can advocate a CPA that can help in the event you want 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 may subsequently be transferred to the beneficiaries.
Properties such as homes will have to get deeds created, and other items like vehicles will need to possess 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 INFO@FocusedLaw.com.