$1950 – Flat Fee for a Probate Attorney for Verona, NJ to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to assist you to probate intestacy estate that is uncontested or an uncontested Will. We realize that this can be a trying time, and you need help. The process is fairly straight forward, and you will walk through every step along the way. If no one is challenging the distribution of assets, then the method of closing out the estate might seem long, but the legal costs can be managed.
As your Probate Lawyer for Verona, NJ we will manage the below list of items 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
- So you will have the capacity to pay invoices from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will have to provide addresses and names
- We will send notice to the Attorney General if contributions are being made to charity
- We can work with you to prepare Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if necessary. Many wills state that executors can serve with no bond. (The expense 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 Home (Added Property Deeds we charge $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 duties for the estate as the Personal Administrator:
- Collect and manage assets of the estate
- Get assessment vales of the estate’s real and personal property
- Sell the property of the estate
- Write checks for the estate’s Bills
- 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 suggest a CPA for you.)
- Distribute the assets.
What’s Probate NJ, in Verona?
When a person passes away in his or her Verona, NJ property generally must go through a court-supervised process called probate. For example if someone one has title to a house, the house will need to be probated in the County Surrogate’s office where the home resides.
Verona Probate facilitates 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 with precedence to close relatives, in the lack of a will intestacy laws order. Formal probate process or a simplified is needed unless every one of the assets left behind are considered non-probate, meaning they transfer mechanically at death, like life insurance proceeds, POD accounts and trusts.
What things are required NJ, in Verona 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 is not needed to be submitted.
3. The complete names and addresses of the deceased’s next of kin.
4. Cash or check to fully pay the surrogates fees}.
5. If someone 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. “Wet” signatures are required, so ensure that if a person is out of state when they sign the renunciation they send the original signed document.
Additional information on becoming a Personal Representative of the Estate NJ, in Verona
The estate of somebody who dies without a Will is called 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 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 amount of additional responsivity involved, in the event you would like us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in NJ, Verona to the estate
In Verona New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he’s referred to as an “executor.” Otherwise, he is made by the probate court and is referred to as an “administrator.” The probate process is commenced by filing an application with the Surrogate’s Court at any time; yet, probate will not officially open until at least 10 days subsequent to the passing of your loved one. As part of starting probate, the executor must submit the will and have it “demonstrated.” This merely means that the document to make certain that it absolutely was executed according to all of 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 authority through what are called “Letters Testamentary.” We’ll help you to get this letter. The letters supply the authority to complete several tasks to the personal representative.
The obligations of the Personal Representative begin, following 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, getting 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 must be obtained for the estate.
A bank account for the estate will have to be started.
You won’t be able to file the NJ inheritance tax return until it is clear as to the amounts of other expenses and the medical bills your loved one may have outstanding. Medical expenses may be deducted in the inheritance tax. We can advocate a CPA that can help, if you will need help preparing the tax return.
Taxes and all outstanding debts must be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets may then be transferred to the beneficiaries.
Properties including homes will need to get deeds and other things like vehicles will need 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]