$1950 – Flat Fee for a Probate Attorney for Jersey City, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to help you probate an uncontested Will or uncontested intestacy estate. We realize this can be a trying time, and you also need help. The procedure is fairly straight forward, and you will help through every step on the way. If none of your relatives are contesting the distribution of assets, then the procedure for closing out the estate might seem long, but the legal costs could be handled.
As your Probate Attorney for Jersey City, NJ we will handle the below list of items for you:
- Bring Will to Surrogate Court to make 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 will have the capacity to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You should supply addresses and names
- If contributions are being made to charity, we will send notice to the Attorney General
- We can work with you to prepare Informal Accounting for the surrogate court in your county.
- Prepare Release and Refunding Bond if necessary. Many wills say that executors can serve with no bond. (The expense 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 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 duties for the estate as the Personal Administrator:
- Gather 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 deceased. Which is distinct from preparing the inheritance tax return and getting tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What is Probate in Jersey City, NJ?
When someone passes away in Jersey City, New Jersey, his or her property usually must go through a court-supervised procedure called probate. For instance if someone one has title to a house, the home will need to be probated in the County Surrogate’s office where the house resides.
Jersey City Probate facilitates the transfer of the decedent’s assets to organizations or individuals, as supplied either through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws order where property goes with precedence to close relatives, in the absence of a will. A simplified or proper probate process is needed unless every one of the assets left behind are considered non-probate, meaning they transfer mechanically at departure, such as life insurance proceeds, POD accounts and trusts.
What things are required for Probate in Jersey City, 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 covering 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 deceased’s next of kin.
4. Money to pay the fees that are surrogates}.
5. If a person dies without a 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 prior or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, so ensure that if a person is out of state when they sign the renunciation they send the original signed file.
Additional advice on becoming a Personal Representative of the Estate in Jersey City, NJ
The estate of a person who dies with no Will is known as an “intestate” estate. We’ll allow 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’. Should you would like us to become the executor, our fees would be due to the amount of additional responsivity included.
Time line of Responsibilities of Administrator/Personal Representative /Executor in Jersey City, NJ to the estate
In Jersey City New Jersey, the probate procedure is managed by a personal representative. If this person is named in the will, he’s known as an “executor.” Otherwise, he is made by the probate court and is called an “administrator.” The probate process is commenced by filing an application with the Surrogate’s Court at any given time; however, probate Won’t officially open until at least 10 days following the departure of your loved one. As part of commencing probate, the executor must submit the will and have it “established.” This just means that the record to be sure that it 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 authority through what exactly are called “Letters Testamentary.” We will help you to get this letter. The letters provide the personal representative with all the authority to complete several jobs.
The obligations of the Personal Representative begin after the Letters Testamentary have been issues.
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 accumulate and safeguard all estate property and value it, obtaining appraisals where needed. This may involve taking control of a company, managing a securities portfolio, acting as the land lord for real estate.
Typically a Federal EIN number should be obtained 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’s clear as to the amounts of other expenses and the medical bills your loved one may have owed. Medical expenses can be deducted in the inheritance tax. We can advocate a CPA that can help, if you need help preparing the tax return.
Taxes and all outstanding debts have 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 houses will need to get 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. Call us at 844-533-3367 or email us at [email protected]