$1950 – Flat Fee for a Probate Attorney for Westfield, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to enable you to probate uncontested intestacy estate or an uncontested Will. We understand that this may be a trying time, and you also need help. The procedure is pretty straight forward, and you will walk through every step along the way. If no one is contesting the distribution of assets, then the method of closing out the estate may seem long, but the legal costs can be handled.
As your Probate Lawyer for Westfield, NJ we’ll 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
- So you’ll be able to pay invoices from estate account prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will need to supply addresses and names
- We’ll send notice to the Attorney General if contributions are being made to charity
- We can work with you to prep Informal Accounting for the surrogate court .
- Refunding Bond and prepare Release if needed. Many wills say that executors can serve with no bond. (The cost of the bond is different than the lawyer fee that we charge.)
Get Child Support Ruling 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 (Additional titles at $150 each)
Unless you hire us to do the below this will be part of your obligations as the Personal Administrator for the estate:
- Collect and manage assets of the estate
- Get assessment vales of the estate’s personal and real property
- Sell the property of the estate
- Write checks for the estate’s Debts
- File State and Federal Income Tax Returns for the deceased. Which is different than obtaining tax waivers and that preparing the inheritance tax return. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Westfield?
When an individual passes away in Westfield, New Jersey, his or her property generally must go through a court-supervised process called probate. For instance if someone one owns a home, the home will have to be probated in the County Surrogate’s office where the house dwells.
Westfield Probate eases the transfer of the decedent’s assets to people or organizations, 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 lack of a will, with precedence to close relatives. Formal probate procedure or a simplified is needed unless all the assets are considered non-probate, meaning they transfer automatically at death, such as life insurance proceeds, POD trusts and accounts.
What items are needed for Probate NJ, in Westfield?
Below is a list of things 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 entire names and addresses of the deceased’s next of kin.
4. Cash or check to fully pay the fees that are surrogates}.
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 someone is out of state when they sign the renunciation they send the original signed document.
Added informative data on becoming a Personal Representative of the Estate NJ, in Westfield
The estate of somebody who dies without a Will is known as 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 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 amount of further responsivity included, in the event you would like us to become the executor.
Time line of Obligations of Administrator/Personal Representative /Executor in NJ, Westfield to the estate
In Westfield New Jersey, the probate process is handled by a personal representative. If this person is named in the will, he is called an “executor.” Otherwise, he is appointed by the probate court and is referred to as an “administrator.” The probate process is commenced by filing an application with all the Surrogate’s Court at any given time; however, probate will not formally open until at least 10 days subsequent to the passing of your loved one. As part of initiating probate, the executor must submit the will and have it “established.” This simply means that the document to make certain that it was executed according to the formalities of New Jersey State law all will be reviewed by a clerk. Once this is complete, the court will provide the personal representative with greater authority through what exactly are called “Letters Testamentary.” We’ll help you get this letter. The letters testamentary supply the ability to complete several jobs to the personal representative.
The obligations of the Personal Representative begin after the Letters Testamentary have been dilemmas.
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 worth it, obtaining assessments where essential. This can involve taking control of a business, managing a securities portfolio, acting as the land lord 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 will not be able to file the NJ inheritance tax return until it’s clear regarding the sums of other expenses and the medical bills your loved one may have outstanding. Medical expenses may be deducted in the inheritance tax. In the event you want help preparing the tax return, we can recommend a CPA that may help.
Taxes and all outstanding debts need to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets may subsequently be transferred to the beneficiaries.
Properties for example residences will have to have deeds and other things like vehicles will have to get 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]