$1950 – Flat Fee for a Probate Attorney for Harrison, 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 realize that this might be a trying time, and you need help. The process 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 procedure for closing out the estate might seem long, but the legal costs can be managed.
As your Probate Lawyer for Harrison, NJ we will manage 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 you will have the capacity to pay invoices from estate account set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will have to supply addresses and names
- We’ll send notice to the Attorney General, if donations are being made to charity
- We can work 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 cost of the bond is separate than the lawyer fee that we charge.)
Get Child Support Ruling clearance before any distributions are made.
- Prepare Deed Transfer for 1 Home (Added Property Deeds we bill $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 responsibilities 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
- Write checks for the estate’s Bills
- File State and Federal Income Tax Returns for the your loved one. Which is different than preparing the inheritance tax return and getting tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What’s Probate NJ, in Harrison?
When an individual passes away in his or her Harrison, NJ property generally must go through a court-supervised process called probate. For example if someone one owns a house, the house will have to be probated in the County Surrogate’s office where the dwelling dwells.
Harrison Probate eases the transfer of the decedent’s assets to organizations or individuals, as provided through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws dictate where property goes in the absence of a will, with precedence to close relatives. Proper probate process or a simplified is needed unless all of the assets are considered non-probate, meaning they transfer mechanically at death, for example life insurance proceeds, POD trusts and accounts.
What items are required for Probate in Harrison, NJ?
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 insuring 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 entire names and addresses of the your loved ones’s next of kin.
4. Money to fully pay the fees that are surrogates}.
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 be sure that if someone is out of state when they sign the renunciation they send the original signed document.
Added advice on becoming a Personal Representative of the Estate in Harrison, NJ
The estate of somebody who dies with no Will is known as an “intestate” estate. We will assist you to 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’. Our fees would be due to the quantity of additional responsivity involved if you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Responsibilities in NJ, Harrison to the estate
In Harrison New Jersey, a personal representative handles the probate procedure. If this person is named in the will, he’s known as an “executor.” Otherwise, he’s made by the probate court and is called 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 following the departure of your loved one. As part of beginning probate, the executor must submit the will and have it “established.” This merely means that the file to be sure that it absolutely was executed according to all 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 authority through what exactly are called “Letters Testamentary.” We’ll help you to get this letter. The letters testamentary provide the personal representative with all the authority to complete several tasks.
Subsequent to the Letters Testamentary have been dilemmas, the duties of the Personal Representative begin.
The personal representative must notify all of the beneficiaries listed in the will within 60 days after the will is admitted.
All estate property must then collect and safeguard and value it, obtaining assessments where essential. This could involve taking control of a company, managing a securities portfolio, as the land lord acting for real estate.
Generally a Federal EIN number must be obtained for the estate.
A bank account for the estate will have to be started.
You won’t be able to file the NJ inheritance tax return until it is clear regarding the amounts of other expenses and the medical bills your loved one might have outstanding. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that may help in the event you need help preparing the tax return.
All outstanding debts and taxes need to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets can then be transferred to the beneficiaries.
Properties such as residences will need to have deeds and other items like automobiles 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]