$1950 – Flat Fee for a Probate Lawyer for Haledon, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to allow you to probate an uncontested Will or uncontested intestacy estate. We understand this can be a trying time, and also you need help. The process is rather straight forward, and we will help you through every step along the way. If no one is contesting the distribution of assets, then the method of closing out the estate might seem long, but the legal costs could be managed.
As your Probate Lawyer for Haledon, 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 with Surrogate Court of Probate
- Make an application for a Federal Tax ID Number for the estate
- So you’ll be able to pay bills from estate account prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You should supply names and addresses
- If donations are being made to charity, we will send notice to the Attorney General
- We can work together with you to prep Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if needed. Many wills say 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 (Additional Property Deeds we bill $575 each)
- Prepare Title Transfer for 1 vehicle (Additional titles at $150 each)
If you don’t hire us to do the below this will be part of your obligations as the Personal Administrator for the estate:
- Gather and manage assets of the estate
- Get evaluation vales of the estate’s real and personal 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 distinct from preparing the inheritance tax return and getting tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What is Probate NJ, in Haledon?
When an individual passes away in his or Haledon New Jersey property generally must undergo a court-supervised process called probate. As an example if someone one has title to a home, the house will need to be probated in the County Surrogate’s office where the home lives.
Haledon Probate facilitates the transfer of the decedent’s assets to individuals or organizations, as provided either 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 order. A simplified or formal probate procedure is required unless all of the assets left behind are considered non-probate, meaning they transfer mechanically at death, for example life insurance proceeds, POD accounts and trusts.
What things are needed in Haledon, NJ for Probate?
Below is a list of items required 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 isn’t 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 ensure that if someone 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 Haledon, NJ
The estate of somebody who dies without a Will is called an “intestate” estate. We will allow 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 higher because of the amount of additional responsivity included in the event you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Duties in Haledon, NJ to the estate
In Haledon New Jersey, a personal representative handles the probate procedure. If this individual is named in the will, he’s called an “executor.” Otherwise, he is 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 given 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 “proved.” This merely means that the record to be certain 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 are called “Letters Testamentary.” We will help you get this letter. The letters provide the ability to complete several tasks to the personal representative.
The obligations of the Personal Representative begin after the Letters Testamentary have been dilemmas.
The personal representative must notify all of the beneficiaries listed in the will within 60 days after the will is accepted.
All estate property must then accumulate and safeguard and value it, obtaining assessments where essential. This may entail taking control of a company, managing a securities portfolio, as the land lord acting for real estate.
Typically a Federal EIN number must certanly be obtained 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 amounts of the medical bills and other expenses your loved one might have owed. Medical expenses can be deducted in the inheritance tax. If you need help preparing the tax return, we can advocate a CPA that can help.
All outstanding debts and taxes must 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 and other things like autos will need 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 [email protected]