$1950 – Flat Fee for a Probate Lawyer for Maplewood, 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 uncontested intestacy estate or an uncontested Will. We understand that this may be a trying time, and you also need help. The process is pretty 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 can be managed.
As your Probate Lawyer for Maplewood, NJ we will manage the below list of things for you:
- Bring Will to Surrogate Court to submit an application for Letters Testamentary
- File notice of Probate with Surrogate Court
- Apply for a Federal Tax ID Number for the estate
- Prepare the Estate Account at a bank so that you’ll have the capacity to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You will need to provide names and addresses
- We’ll send notice to the Attorney General, if contributions are being made to charity
- We can work together with you to prepare Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if needed. Many wills state that executors can serve with no bond. (The cost of the bond is different than the attorney 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)
Unless you hire us to do the below this will be part of your obligations for the estate as the Personal Administrator:
- Gather and manage assets of the estate
- Get assessment vales of the estate’s real and personal property
- Sell the property of the estate
- Settle the estate’s Bills
- File Federal and State Income Tax Returns for the your loved one. Which is distinct from preparing the inheritance tax return and getting tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Maplewood?
When a person passes away in his or her Maplewood, NJ property usually must go through a court-supervised process called probate. As an example if someone one has title to a house, the home will need to be probated in the County Surrogate’s office where the home dwells.
Maplewood Probate facilitates the transfer of the decedent’s assets to people or organizations, as provided either through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws dictate where property goes with precedence to close relatives, in the absence of a will. Proper probate procedure or a simplified is required unless every one of the assets left behind are considered non-probate, meaning they transfer automatically at departure, like life insurance proceeds, POD accounts and trusts.
What items are needed for Probate in Maplewood, NJ?
Below is a record of things necessary 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 (personal) 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. Money to 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 prior or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, thus 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 NJ, in Maplewood
The estate of someone who dies without a 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 also the proper Administrator C.T.A. which is the abbreviation of Administrator Cum Testaments Annex, which means ‘Administrator to the will annexed’. In the event you want us to become the executor, our fees would be because of the amount of further responsivity involved.
Time line of Duties of Administrator/Personal Representative /Executor in NJ, Maplewood to the estate
In Maplewood New Jersey, the probate process is handled by a personal representative. If this individual is named in the will, he is called an “executor.” Otherwise, he is named by the probate court and is known as an “administrator.” The probate procedure is commenced by filing an application with all the Surrogate’s Court at any time; nevertheless, probate Won’t officially open until at least 10 days after the death of your loved one. As part of initiating probate, the executor must submit the will and have it “established.” This just means that the document to make sure that it 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 power through what exactly are called “Letters Testamentary.” We will help you get this letter. The letters testamentary supply the authority to complete several jobs to the personal representative.
The responsibilities of the Personal Representative begin subsequent to the Letters Testamentary have been problems.
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 collect and safeguard all estate property and value it, getting assessments where essential. This could entail taking control of a small business, managing a securities portfolio, as the land lord, acting for real estate.
Typically a Federal EIN number must be obtained for the estate.
A bank account for the estate will have to be opened.
You won’t have the ability to file the NJ inheritance tax return until it’s clear regarding the sums of other expenses and the medical bills your loved one may have outstanding. Medical expenses can be deducted in the inheritance tax. If you 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 remaining assets can subsequently be transferred to the beneficiaries.
Properties such as houses will have to have deeds created, and other things like vehicles will need to possess 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]