$1950 – Flat Fee for a Probate Lawyer for Berkeley Heights, NJ to help settle your loved one’s estate Call 844 533 3367
We charge a flat fee of $1950 to help you probate uncontested intestacy estate or an uncontested Will. We realize this might be a trying time, and you need help. The procedure is rather straight forward, and we’ll walk you through every step on the way. If none of your relatives are contesting the distribution of assets, then the procedure for closing out the estate might seem long, but the legal costs could be managed.
As your Probate Attorney for Berkeley Heights, NJ we will manage 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 that you will manage 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 donations are being made to charity
- We can work with you to prep Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if needed. Many wills state that executors can function without a bond. (The cost 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 (Additional 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 responsibilities as the Personal Administrator for the estate:
- Collect and manage assets of the estate
- Get appraisal vales of the estate’s real and personal property
- Sell the property of the estate
- Pay the estate’s Bills
- File Federal and State Income Tax Returns for the deceased. Which is different than preparing the inheritance tax return and getting tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What is Probate NJ, in Berkeley Heights?
When an individual passes away in his or her Berkeley Heights, NJ property usually must undergo a court-supervised procedure called probate. As an example 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.
Berkeley Heights Probate facilitates the transfer of the decedent’s assets to organizations or people, 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 dictate. A simplified or proper probate process is needed unless all the assets are considered non-probate, meaning they transfer mechanically at death, for example life insurance proceeds, POD trusts and accounts.
What items are required NJ, in Berkeley Heights for Probate?
Below is a record of things 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. Cash or check to pay the fees that are surrogates}.
5. If a person dies with no 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 individual, 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 file.
Added info on becoming a Personal Representative of the Estate NJ, in Berkeley Heights
The estate of somebody who dies without a Will is called an “intestate” estate. We’ll assist you to 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 additional responsivity included, if you would like us to become the executor.
Time line of Responsibilities of Administrator/Personal Representative /Executor in NJ, Berkeley Heights to the estate
In Berkeley Heights New Jersey, the probate process is managed by a personal representative. If this person is named in the will, he is called an “executor.” Otherwise, he’s made by the probate court and is called an “administrator.” The probate procedure is started by filing an application with the Surrogate’s Court at any given time; nonetheless, probate Won’t officially open until at least 10 days following the departure 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 be sure 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 ability through what exactly are called “Letters Testamentary.” We’ll help you to get this letter. The letters supply the personal representative with all the authority to complete several jobs.
Subsequent to the Letters Testamentary have been problems, the duties of the Personal Representative begin.
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 accumulate and safeguard all estate property and value it, getting assessments where essential. This could entail taking control of a business, managing a securities portfolio, as the land lord, acting for real estate.
Usually a Federal EIN number must be got for the estate.
A bank account for the estate will need to be started.
You won’t have the capacity to file the NJ inheritance tax return until it’s clear regarding the sums of other expenses and the medical bills your loved one might have owed. Medical expenses can be deducted in the inheritance tax. We can recommend a CPA that may help in the event you 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 dwellings will have to get deeds created, and other items like autos 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 [email protected]