$1950 – Flat Fee for a Probate Lawyer for Englewood Cliffs, New Jersey to help settle your loved one’s estate Call 844 533 3367
We charge a set fee of $1950 to assist you to probate intestacy estate that is uncontested or an uncontested Will. We realize that 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 along the way. If none of your relatives are challenging the distribution of assets, then the process of closing out the estate might seem long, but the legal costs can be managed.
As your Probate Attorney for Englewood Cliffs, NJ we will 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
- Apply for a Federal Tax ID Number for the estate
- So that you’ll have the capacity to pay invoices from estate account set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to provide addresses and names
- If contributions are being made to charity, we will send notice to the Attorney General
- We can work together with you to prepare Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if needed. Many wills say that executors can function with no bond. (The expense of the bond is different than the lawyer fee that we charge.)
Get Child Support Judgment clearance before any distributions are made.
- Prepare Deed Transfer for 1 Home (Added Property Deeds we charge $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 duties as the Personal Administrator for the estate:
- Collect 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 Bills
- File Federal and State 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’s Probate in Englewood Cliffs, NJ?
When someone passes away in her or his Englewood Cliffs New Jersey property usually must go through a court-supervised process 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 home resides.
Englewood Cliffs Probate eases the transfer of the decedent’s assets to people or organizations, as supplied 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. A simplified or proper probate procedure is needed unless every one of the assets are considered non-probate, meaning they transfer mechanically at departure, such as life insurance proceeds, POD trusts and accounts.
What things are needed in Englewood Cliffs, NJ for Probate?
Below is a list of items necessary 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 complete names and addresses of the your loved ones’s next of kin.
4. Money 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. Original signatures are required, so ensure that if a person is out of state when they sign the renunciation they send the original signed document.
Additional advice on becoming a Personal Representative of the Estate NJ, in Englewood Cliffs
The estate of someone who dies without a 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 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 additional responsivity involved should you would like us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in NJ, Englewood Cliffs to the estate
In Englewood Cliffs New Jersey, the probate process is managed by a personal representative. If this person is named in the will, he is referred to as an “executor.” Otherwise, he’s 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 time; yet, probate Won’t officially open until at least 10 days after the death of your loved one. As part of commencing probate, the executor must submit the will and have it “demonstrated.” This merely means that the record to make sure that it absolutely 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 ability through what exactly are called “Letters Testamentary.” We will help you get this letter. The letters provide the personal representative with all the ability to complete several jobs.
Following the Letters Testamentary have been issues, the obligations of the Personal Representative start.
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 gather and safeguard all estate property and value it, obtaining appraisals where essential. This may involve taking control of a small business, managing a securities portfolio, as the land lord acting for real estate.
Normally a Federal EIN number must be got for the estate.
A bank account for the estate will need to be opened.
You will not have the capacity to file the NJ inheritance tax return until it is clear as to the sums of other expenses and the medical bills your loved one might have owed. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that may help, should you will need help preparing the tax return.
Taxes and all outstanding debts need to be paid.
Once all debts are paid, which might require sale of estate property, the remaining assets may subsequently be transferred to the beneficiaries.
Properties such as residences will have to have deeds and other items like vehicles will have to possess 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]