$1950 – Flat Fee for a Probate Attorney for Cresskill, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to enable you to probate an uncontested Will or intestacy estate that is uncontested. We understand that this may be a trying time, and you also need help. The procedure is fairly straight forward, and we will help you through every step along the way. If no one is contesting the distribution of assets, then the procedure for closing out the estate might seem long, but the legal costs can be managed.
As your Probate Attorney for Cresskill, 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
- Apply for a Federal Tax ID Number for the estate
- So that you’ll have the capacity to pay bills from estate account prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to supply addresses and names
- We will send notice to the Attorney General if donations are being made to charity
- We can work together with you to produce Informal Accounting for the surrogate court in your county.
- Prepare Release and Refunding Bond if necessary. Many wills say that executors can function with no bond. (The expense of the bond is separate than the lawyer fee that we charge.)
Get Child Support Judgment clearance before any distributions are made.
- Prepare Deed Transfer for 1 House (Additional Property Deeds we bill $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 responsibilities 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 your loved one. Which is different than preparing the inheritance tax return and obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What is Probate NJ, in Cresskill?
When someone passes away in Cresskill, New Jersey, his or her property usually must go through a court-supervised process called probate. For example if someone one owns a house, the house will need to be probated in the County Surrogate’s office where the dwelling lives.
Cresskill Probate facilitates the transfer of the decedent’s assets to people or organizations, as provided through the deceased person’s will or according to the New Jersey’s intestacy laws. Where property goes with priority to close relatives, in the lack of a will, intestacy laws order. A simplified or formal probate process is needed unless all of the assets left behind are considered non-probate, meaning they transfer automatically at death, such as life insurance proceeds, POD trusts and accounts.
What items are needed in Cresskill, NJ for Probate?
Below is a list of things required for probate.
1. The original death certificate with a raised seal.
2. An estimate of the gross value of the estate insuring 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 fully pay the fees that are surrogates}.
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 person, if any, who has prior or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, thus make sure that if a person is out of state when they sign the renunciation they send the original signed file.
Additional info on becoming a Personal Representative of the Estate in Cresskill, NJ
The estate of a person who dies with no Will is known as 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 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 further responsivity included, if you would like us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in Cresskill, NJ to the estate
In Cresskill New Jersey, a personal representative handles the probate procedure. If this person is named in the will, he’s known as an “executor.” Otherwise, he’s made by the probate court and is called an “administrator.” The probate process is commenced by filing an application with the Surrogate’s Court at any given time; yet, 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 “proved.” This just means that a clerk will review the record to be sure that it absolutely 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 exactly are called “Letters Testamentary.” We’ll help you get this letter. The letters supply the authority to complete several jobs to the personal representative.
After 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 worth it, getting appraisals where essential. This could entail taking control of a company, managing a securities portfolio, acting as the land lord for real estate.
Usually a Federal EIN number must be got for the estate.
A bank account for the estate will need to be opened.
You won’t have the capacity to file the NJ inheritance tax return until it’s clear as to the amounts of the medical bills and other expenses your loved one may have outstanding. Medical expenses can 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 remaining assets can then be transferred to the beneficiaries.
Properties including residences will have to have deeds created, and other things like vehicles will have to have new titles ordered.
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]