$1950 – Flat Fee for a Probate Lawyer for Fairfield, NJ to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to allow you to probate uncontested intestacy estate or an uncontested Will. We understand this can be a trying time, and you need help. The process is fairly straight forward, and you will walk through every step on the way. If no one is contesting the distribution of assets, then the method of closing out the estate may seem long, but the legal costs could be handled.
As your Probate Lawyer for Fairfield, NJ we will handle the below list of items for you:
- Bring Will to Surrogate Court to submit an application for Letters Testamentary
- File notice of Probate with Surrogate Court
- Submit an application for a Federal Tax ID Number for the estate
- Set up the Estate Account at a bank so you’ll have the capacity to pay invoices from estate account
- 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 .
- Prepare Release and Refunding Bond if needed. Many wills state that executors can function without a bond. (The expense of the bond is different than the lawyer fee that we charge.)
Get Child Support Ruling clearance before any distributions are made.
- Prepare Deed Transfer for 1 Property (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:
- Gather and manage assets of the estate
- Get assessment 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 exactly is Probate in Fairfield, NJ?
When someone passes away in Fairfield, New Jersey, his or her property usually must go through a court-supervised process called probate. For instance if someone one owns a home, the home will need to be probated in the County Surrogate’s office where the house dwells.
Fairfield Probate eases the transfer of the decedent’s assets to organizations or people, as supplied 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 priority to close relatives intestacy laws dictate. Proper probate procedure or a simplified is required unless all of the assets left behind are considered non-probate, meaning they transfer automatically at departure, such as life insurance proceeds, POD accounts and trusts.
What things are required NJ, in Fairfield for Probate?
Below is a list of items 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. Money to pay the surrogates fees}.
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 person, if any, who has earlier or equal right to the applicant to serve as the estate’s Administrator. Original 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.
Added tips on becoming a Personal Representative of the Estate in Fairfield, NJ
The estate of somebody who dies without a Will is called an “intestate” estate. We will help you 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 higher due to the quantity of additional responsivity included should you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Obligations in Fairfield, NJ to the estate
In Fairfield New Jersey, a personal representative handles the probate procedure. If this individual is named in the will, he’s called 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; nonetheless, probate Won’t formally open until at least 10 days subsequent to the passing of your loved one. As part of beginning probate, the executor must submit the will and have it “demonstrated.” This just means that the record to be certain 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 are called “Letters Testamentary.” We’ll help you get this letter. The letters testamentary provide the personal representative with the authority to complete several jobs.
Subsequent to the Letters Testamentary have been issues, the duties of the Personal Representative begin.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
All estate property must then collect and safeguard and value it, obtaining assessments where crucial. This could entail taking control of a small business, managing a securities portfolio, as the land lord acting for real estate.
Generally a Federal EIN number must certanly be obtained for the estate.
A bank account for the estate will have to be started.
You will not be able to file the NJ inheritance tax return until it’s clear regarding the amounts of the medical bills and other expenses your loved one might have outstanding. Medical expenses can be deducted in the inheritance tax. We can recommend a CPA that can help, if you want help preparing the tax return.
All outstanding debts and taxes have to be paid.
Once all debts are paid, which might require sale of estate property, the remaining assets can subsequently be transferred to the beneficiaries.
Properties for example residences will have to have deeds created, and other items like automobiles will have to get 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]