$1950 – Flat Fee for a Probate Lawyer for Edgewater, NJ 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 uncontested intestacy estate. We understand this can be a trying time, and you also need help. The process is pretty straight forward, and you will help through every step along the way. If none of your relatives are 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 Attorney for Edgewater, NJ we will handle the below list of things for you:
- Bring Will to Surrogate Court to apply 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’ll be able to pay bills from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to provide names and addresses
- We will send notice to the Attorney General if donations are being made to charity
- We can work with you to produce Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if necessary. Many wills state that executors can serve without a bond. (The cost of the bond is separate than the attorney fee that we charge.)
Obtain Child Support Judgment clearance before any distributions are made.
- Prepare Deed Transfer for 1 Property (Additional Property Deeds we charge $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:
- Gather and manage assets of the estate
- Get evaluation vales of the estate’s personal and real property
- Sell the property of the estate
- Settle the estate’s Debts
- File State and Federal Income Tax Returns for the your loved one. 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 is Probate in Edgewater, NJ?
When someone passes away in his or her Edgewater, NJ property usually must go through a court-supervised process called probate. As an example if someone one owns a house, the home will have to be probated in the County Surrogate’s office where the dwelling resides.
Edgewater Probate facilitates the transfer of the decedent’s assets to organizations or people, 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 absence of a will, with priority to close relatives. Formal probate process or a simplified is required unless all the assets are considered non-probate, meaning they transfer automatically at departure, for example life insurance proceeds, POD trusts and accounts.
What things are needed for Probate NJ, in Edgewater?
Below is a list 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 is not needed to be submitted.
3. The complete 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 a person dies with no 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 make sure 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 in Edgewater, NJ
The estate of a person who dies without a Will is called 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’. If you would like us to become the executor, our fees would be because of the amount of further responsivity involved.
Time line of Administrator/Personal Representative /Executor of Obligations in NJ, Edgewater to the estate
In Edgewater New Jersey, a personal representative handles the probate process. If this person is named in the will, he’s known as an “executor.” Otherwise, he’s named by the probate court and is called an “administrator.” The probate procedure is commenced by filing an application with all the Surrogate’s Court at any time; nonetheless, probate will not formally open until at least 10 days following the death of your loved one. As part of commencing probate, the executor must submit the will and have it “established.” This just means that a clerk will review the document to make certain that it absolutely was executed according to the formalities of New Jersey State law all. Once this is complete, the court will provide the personal representative with greater power through what exactly are called “Letters Testamentary.” We’ll help you to get this letter. The letters testamentary supply the personal representative with all the ability to complete several jobs.
The obligations of the Personal Representative begin, following the Letters Testamentary have been dilemmas.
The personal representative must notify all of the beneficiaries listed in the will within 60 days following the will is admitted.
The personal representative must then accumulate and safeguard all estate property and value it, obtaining appraisals where necessary. This may entail taking control of a company, managing a securities portfolio, acting as the land lord for real estate.
Normally a Federal EIN number must certanly be got for the estate.
A bank account for the estate will have to be opened.
You will not have the capacity to file the NJ inheritance tax return until it’s clear regarding the sums of the medical bills and other expenses your loved one may have owed. Medical expenses could be deducted in the inheritance tax. We can advocate a CPA that may help, should you need help preparing the tax return.
All outstanding debts and taxes 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 for example residences will need to have deeds and other items like automobiles will need 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. Call us at 844-533-3367 or email us at [email protected]