$1950 – Flat Fee for a Probate Attorney for Orange, NJ 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 intestacy estate that is uncontested. We understand this may be a trying time, and also you need help. The process is fairly straight forward, and we will help you through every step along the way. If no one is challenging the distribution of assets, then the process of closing out the estate may seem long, but the legal costs could be managed.
As your Probate Attorney for Orange, NJ we’ll 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
- Submit an application for a Federal Tax ID Number for the estate
- So that you will manage to pay invoices from estate account set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to supply addresses and names
- We will send notice to the Attorney General if donations 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 state that executors can serve with no bond. (The expense 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 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 obligations for the estate as the Personal Administrator:
- Gather and manage assets of the estate
- Get assessment vales of the estate’s personal and real property
- Sell the property of the estate
- Pay the estate’s Bills
- File Federal and State Income Tax Returns for the deceased. Which is distinct from preparing the inheritance tax return and obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What is Probate NJ, in Orange?
When a person passes away in his or Orange New Jersey property generally must undergo a court-supervised process called probate. As an example if someone one owns a home, the home will have to be probated in the County Surrogate’s office where the dwelling dwells.
Orange Probate eases the transfer of the decedent’s assets to individuals 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 procedure is needed unless every one of the assets left behind are considered non-probate, meaning they transfer automatically at departure, like life insurance proceeds, POD trusts and accounts.
What things are needed for Probate in Orange, NJ?
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 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 fees that are surrogates}.
5. If a person dies with no 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. “Wet” signatures are required, so be sure that if someone is out of state when they sign the renunciation they send the original signed document.
Added advice on becoming a Personal Representative of the Estate NJ, in Orange
The estate of a person who dies without a Will is known as an “intestate” estate. We will assist 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’. Our fees would be higher because of the amount of further responsivity involved if you would like us to become the executor.
Time line of Administrator/Personal Representative /Executor of Obligations in NJ, Orange to the estate
In Orange New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he is known as an “executor.” Otherwise, he is named 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; however, probate will not formally open until at least 10 days after the passing of your loved one. As part of commencing probate, the executor must submit the will and have it “proved.” This merely means that the record to make sure that it was executed according to the formalities of New Jersey State law all 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 personal representative with all the authority to complete several tasks.
After the Letters Testamentary have been dilemmas, 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.
All estate property must then accumulate and safeguard and value it, getting appraisals where essential. This can entail taking control of a company, managing a securities portfolio, as the land lord acting 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 have the capacity to file the NJ inheritance tax return until it’s clear as to the sums of the medical bills and other expenses your loved one may have owed. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that can help should you will need help preparing the tax return.
All outstanding debts and taxes 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 for example homes will have to have deeds and other items like autos will need to have 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. Contact us at (844) 533-3367 or email us at [email protected]