$1950 – Flat Fee for a Probate Attorney for New Providence, 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 intestacy estate that is uncontested. We understand that this can be a trying time, and also you need help. The procedure is fairly straight forward, and we will help you through every step on the way. If no one is challenging the distribution of assets, then the method of closing out the estate might seem long, but the legal costs could be handled.
As your Probate Lawyer for New Providence, NJ we will manage the below list of things for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice with Surrogate Court of Probate
- Make an application for a Federal Tax ID Number for the estate
- So you will have the ability to pay invoices from estate account, set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will have to provide addresses and names
- 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 necessary. Many wills say that executors can function without a bond. (The cost of the bond is separate than the attorney fee that we charge.)
Obtain 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 (Additional titles at $150 each)
If you don’t hire us to do the below this will be part of your responsibilities 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
- Settle the estate’s Bills
- File Federal and State Income Tax Returns for the your loved one. Which is distinct from getting tax waivers and that preparing the inheritance tax return. (We can recommend a CPA for you.)
- Distribute the assets.
What’s Probate in New Providence, NJ?
When a person passes away in his or New Providence New Jersey property generally must go through a court-supervised procedure called probate. For example if someone one owns a home, the house will need to be probated in the County Surrogate’s office where the home lives.
New Providence Probate facilitates the transfer of the decedent’s assets to people or organizations, 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 lack of a will, with precedence to close relatives. A simplified or formal probate process is needed unless every one of the assets left behind are considered non-probate, meaning they transfer mechanically at death, such as life insurance proceeds, POD trusts and accounts.
What things are required for Probate in New Providence, NJ?
Below is a record of things required 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 (personal) assets. At this time an item-by-item valuation is not needed to be submitted.
3. The complete 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 person, if any, who has earlier or equal right to the applicant to serve as the estate’s Administrator. Original signatures are required, thus ensure that if a person is out of state when they sign the renunciation they send the original signed document.
Additional info on becoming a Personal Representative of the Estate in New Providence, NJ
The estate of someone who dies without a Will is known as an “intestate” estate. We will help you 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 because of the amount of further responsivity included, in the event you would like us to become the executor.
Time line of Obligations of Administrator/Personal Representative /Executor in NJ, New Providence to the estate
In New Providence 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 is made by the probate court and is called an “administrator.” The probate procedure is started by filing an application with 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 starting probate, the executor must submit the will and have it “established.” This merely means that a clerk will review the file to be certain that it absolutely 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 ability through what are called “Letters Testamentary.” We will help you to get this letter. The letters testamentary supply the personal representative with all the ability to complete several tasks.
After the Letters Testamentary have been issues, the responsibilities of the Personal Representative start.
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 gather and safeguard all estate property and value it, obtaining appraisals where crucial. This may entail taking control of a small business, managing a securities portfolio, acting as the land lord for real estate.
Usually a Federal EIN number must 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 is clear regarding the amounts of other expenses and the medical bills your loved one may have outstanding. Medical expenses could be deducted in the inheritance tax. We can advocate a CPA that may help if you need help preparing the tax return.
Taxes and all outstanding debts must 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 for example dwellings will have to get deeds created, and other items like automobiles will have to have 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]