$1950 – Flat Fee for a Probate Attorney for North Caldwell, NJ to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to assist you to probate intestacy estate that is uncontested or an uncontested Will. We understand this may be a trying time, and also you need help. The procedure is fairly straight forward, and you will help through every step on the way. If no one is challenging the distribution of assets, then the procedure for closing out the estate may seem long, but the legal costs could be handled.
As your Probate Attorney for North Caldwell, NJ we will manage the below list of things for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice of Probate with Surrogate Court
- Submit an application for a Federal Tax ID Number for the estate
- So you will have the capacity to pay invoices from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to supply names and addresses
- We will send notice to the Attorney General, if contributions 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 say that executors can serve with no bond. (The cost of the bond is different 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 (Additional titles at $150 each)
Unless you hire us to do the below this will be part of your responsibilities for the estate as the Personal Administrator:
- Collect and manage assets of the estate
- Get assessment 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 different than preparing the inheritance tax return and obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What’s Probate in North Caldwell, NJ?
When an individual passes away in his or her North Caldwell, NJ property generally must undergo a court-supervised procedure called probate. For example if someone one has title to a home, the house will need to be probated in the County Surrogate’s office where the house resides.
North Caldwell 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. Where property goes with priority to close relatives, in the lack of a will intestacy laws dictate. Formal probate process or a simplified is needed unless every one of the assets are considered non-probate, meaning they transfer mechanically at death, like life insurance proceeds, POD trusts and accounts.
What things are required in North Caldwell, NJ for Probate?
Below is a list of items 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 (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 pay the surrogates fees}.
5. If a person dies with no 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. Original signatures are required, so make sure 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 North Caldwell, 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 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 higher due to the amount of further responsivity involved should you want us to become the executor.
Time line of Responsibilities of Administrator/Personal Representative /Executor in North Caldwell, NJ to the estate
In North Caldwell New Jersey, the probate process is managed by a personal representative. If this person is named in the will, he’s known as an “executor.” Otherwise, he’s appointed by the probate court and is referred to as an “administrator.” The probate process is commenced by filing an application with all the Surrogate’s Court at any given time; nevertheless, probate Won’t formally 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 “proved.” This simply means that a clerk will review the file to make sure that it was executed according to all the formalities of New Jersey State law. Once this is complete, the court will provide the personal representative with greater ability through what exactly are called “Letters Testamentary.” We’ll help you get this letter. The letters supply the authority to complete several tasks to the personal representative.
The obligations of the Personal Representative start, subsequent to the Letters Testamentary have been problems.
The personal representative must notify all of the beneficiaries listed in the will within 60 days after the will is admitted.
The personal representative must then collect and safeguard all estate property and value it, obtaining assessments where crucial. This could involve taking control of a small business, managing a securities portfolio, acting as the land lord for real estate.
Typically a Federal EIN number must be got for the estate.
A bank account for the estate will need to be opened.
You will not 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 can be deducted in the inheritance tax. We can advocate a CPA that may help, should you want 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 rest of the assets may then be transferred to the beneficiaries.
Properties such as homes will need to get deeds created, and other things like autos 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]