$1950 – Flat Fee for a Probate Lawyer for Caldwell, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to assist you to probate intestacy estate that is uncontested or an uncontested Will. We realize this can be a trying time, and also you need help. The process is pretty straight forward, and we’ll help you through every step on the way. If none of your relatives are challenging the distribution of assets, then the process of closing out the estate may seem long, but the legal costs can be handled.
As your Probate Attorney for Caldwell, NJ we will handle the below list of items for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice of Probate with Surrogate Court
- Apply for a Federal Tax ID Number for the estate
- So you will have the ability to pay bills from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to supply names and addresses
- We’ll 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 in your county.
- Prepare Release and Refunding Bond if needed. Many wills say that executors can serve with no 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 Property (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 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
- Settle the estate’s Debts
- File Federal and State 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 Caldwell, NJ?
When a person passes away in Caldwell, New Jersey, his or her property usually must undergo a court-supervised process called probate. For example if someone one has title to a house, the home will need to be probated in the County Surrogate’s office where the house lives.
Caldwell Probate facilitates the transfer of the decedent’s assets to organizations or individuals, as provided either through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws dictate where property goes with precedence to close relatives, in the lack of a will. Formal probate process or a simplified is needed unless all of the assets left behind are considered non-probate, meaning they transfer automatically at death, like life insurance proceeds, POD accounts and trusts.
What items are required NJ, in Caldwell for Probate?
Below is a record of things needed for probate.
1. The original death certificate with a raised seal.
2. An approximation of the gross value of the estate covering all real estate and non-real estate (personal) assets. At this time an item by item valuation is not needed to be submitted.
3. The entire names and addresses of the deceased’s next of kin.
4. Cash or check to pay the fees that are surrogates}.
5. If a person 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 prior 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 file.
Added advice on becoming a Personal Representative of the Estate in Caldwell, NJ
The estate of a person who dies without a 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 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 higher due to the amount of additional responsivity included, in the event you want us to become the executor.
Time line of Obligations of Administrator/Personal Representative /Executor in Caldwell, NJ to the estate
In Caldwell New Jersey, a personal representative handles the probate process. If this individual is named in the will, he’s known as an “executor.” Otherwise, he’s appointed by the probate court and is referred to as an “administrator.” The probate procedure is started by filing an application with the Surrogate’s Court at any given time; yet, probate will not formally open until at least 10 days subsequent to the departure of your loved one. As part of initiating probate, the executor must submit the will and have it “proved.” This simply means that the file 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 power through what are called “Letters Testamentary.” We’ll help you to get this letter. The letters supply the personal representative with the ability to complete several jobs.
After the Letters Testamentary have been problems, the responsibilities of the Personal Representative start.
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, getting appraisals where needed. This can involve taking control of a company, managing a securities portfolio, as the land lord acting for real estate.
Typically a Federal EIN number must be got for the estate.
A bank account for the estate will have to be opened.
You won’t have the ability to file the NJ inheritance tax return until it is clear regarding the sums of other expenses and the medical bills your loved one may have owed. Medical expenses can be deducted in the inheritance tax. Should you need help preparing the tax return, we can recommend a CPA that may help.
Taxes and all outstanding debts have to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets can subsequently be transferred to the beneficiaries.
Properties for example dwellings will have to have deeds 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. Call us at 844-533-3367 or email us at [email protected]