$1950 – Flat Fee for a Probate Lawyer for Leonia, 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 intestacy estate that is uncontested or an uncontested Will. We understand that this may be a trying time, and you also need help. The procedure is fairly straight forward, and you will walk through every step on the way. If none of your relatives are challenging the distribution of assets, then the method of closing out the estate might seem long, but the legal costs can be managed.
As your Probate Attorney for Leonia, NJ we’ll 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 manage to pay bills from estate account set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will have to provide names and addresses
- We will 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.
- Prepare Release and Refunding Bond if needed. Many wills state that executors can serve without a bond. (The expense of the bond is separate than the lawyer fee that we charge.)
Obtain 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 (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 real and personal property
- Sell the property of the estate
- Pay the estate’s Debts
- File Federal and State Income Tax Returns for the your loved one. Which is distinct from preparing the inheritance tax return and obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Leonia?
When a person passes away in Leonia, New Jersey, his or her property generally must undergo a court-supervised procedure called probate. As an example if someone one owns a house, the house will have to be probated in the County Surrogate’s office where the house dwells.
Leonia 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. Intestacy laws order where property goes in the lack of a will, with priority to close relatives. A simplified or proper probate procedure is required unless all the assets left behind are considered non-probate, meaning they transfer mechanically at departure, like life insurance proceeds, POD accounts and trusts.
What items are required in Leonia, NJ for Probate?
Below is a record of items needed for probate.
1. The original death certificate with a raised seal.
2. An estimate 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 isn’t needed to be submitted.
3. The entire names and addresses of the your loved ones’s next of kin.
4. Cash or check to pay the surrogates fees}.
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 informative data on becoming a Personal Representative of the Estate in Leonia, NJ
The estate of somebody who dies with no Will is called 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’. Our fees would be due to the amount of additional responsivity involved in the event you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Duties in Leonia, NJ to the estate
In Leonia New Jersey, a personal representative handles the probate process. If this person is named in the will, he’s known as an “executor.” Otherwise, he’s named by the probate court and is known as an “administrator.” The probate process is started by filing an application with all the Surrogate’s Court at any given time; however, 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 “proved.” This merely means that a clerk will review the document to make certain that it was executed according to the formalities of New Jersey State law all. Once this is complete, the court will provide the personal representative with greater power through what are called “Letters Testamentary.” We will help you get this letter. The letters supply the personal representative with the authority to complete several tasks.
The duties of the Personal Representative start, 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.
The personal representative must then collect and safeguard all estate property and value it, getting appraisals where essential. This could entail taking control of a business, managing a securities portfolio, acting as the land lord for real estate.
Typically a Federal EIN number should 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 regarding the amounts of other expenses and the medical bills your loved one may have outstanding. Medical expenses may be deducted in the inheritance tax. If you need help preparing the tax return, we can recommend a CPA that may help.
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 for example dwellings will need to have deeds created, and other things like vehicles will have to get 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. Call us at (844) 533-3367 or email us at INFO@FocusedLaw.com.