$1950 – Flat Fee for a Probate Lawyer for Fort Lee, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to allow you to probate an uncontested Will or uncontested intestacy estate. We understand that this might be a trying time, and also you need help. The procedure is rather straight forward, and you will help 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 managed.
As your Probate Attorney for Fort Lee, 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
- Make an application for a Federal Tax ID Number for the estate
- Prepare the Estate Account at a bank so you will have the ability to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You should provide names and addresses
- We’ll send notice to the Attorney General, if contributions 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 needed. Many wills state that executors can serve without a bond. (The expense of the bond is different than the attorney fee that we charge.)
Get 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 obligations for the estate as the Personal Administrator:
- Collect and manage assets of the estate
- Get evaluation vales of the estate’s real and personal property
- Sell the property of the estate
- Settle the estate’s Bills
- File State and Federal Income Tax Returns for the deceased. Which is distinct from obtaining tax waivers and that preparing the inheritance tax return. (We can suggest a CPA for you.)
- Distribute the assets.
What’s Probate NJ, in Fort Lee?
When a person passes away in her or his Fort Lee New Jersey property generally must undergo a court-supervised procedure called probate. As an example if someone one owns a home, the house will need to be probated in the County Surrogate’s office where the house dwells.
Fort Lee 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. Where property goes in the absence of a will, with priority to close relatives intestacy laws order. Formal probate process or a simplified is needed unless all of the assets are considered non-probate, meaning they transfer mechanically at departure, for example life insurance proceeds, POD trusts and accounts.
What items are needed for Probate NJ, in Fort Lee?
Below is a list of things 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 is not needed to be submitted.
3. The complete names and addresses of the deceased’s next of kin.
4. Cash or check to fully pay the surrogates fees}.
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 individual, if any, who has earlier or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, so ensure that if someone is out of state when they sign the renunciation they send the original signed document.
Additional tips on becoming a Personal Representative of the Estate in Fort Lee, NJ
The estate of somebody 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’. Should you would like us to become the executor, our fees would be higher due to the quantity of further responsivity included.
Time line of Administrator/Personal Representative /Executor of Obligations in Fort Lee, NJ to the estate
In Fort Lee New Jersey, the probate process is handled by a personal representative. If this individual is named in the will, he is known as an “executor.” Otherwise, he’s made by the probate court and is known as an “administrator.” The probate procedure is started by filing an application with all the Surrogate’s Court at any given time; yet, probate Won’t officially open until at least 10 days following the death of your loved one. As part of starting probate, the executor must submit the will and have it “proved.” This merely means that a clerk will review the document to be certain that it was executed according to all 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 to get this letter. The letters provide the authority to complete several tasks to the personal representative.
After the Letters Testamentary have been issues, the responsibilities 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 accepted.
All estate property must then accumulate and safeguard and value it, getting assessments where needed. This can entail taking control of a small business, managing a securities portfolio, as the land lord acting 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 won’t have the capacity to file the NJ inheritance tax return until it is clear as to the amounts of other expenses and the medical bills your loved one may have owed. Medical expenses could be deducted in the inheritance tax. Should you really need help preparing the tax return, we can advocate a CPA that may help.
All outstanding debts and taxes have to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets may subsequently be transferred to the beneficiaries.
Properties such as homes will have to have deeds created, and other items like autos will have to have 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. Contact us at (844) 533-3367 or email us at INFO@FocusedLaw.com.