$1950 – Flat Fee for a Probate Lawyer for Passaic, NJ to help settle your loved one’s estate Call 844-533-3367
We charge a set fee of $1950 to allow you to probate intestacy estate that is uncontested or an uncontested Will. We realize this may be a trying time, and also you need help. The procedure is fairly straight forward, and we will walk you through every step on the way. If no one is contesting the distribution of assets, then the method of closing out the estate may seem long, but the legal costs can be managed.
As your Probate Lawyer for Passaic, NJ we’ll manage the below list of items 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
- Set up the Estate Account at a bank so you will have the ability to pay bills from estate account
- Send Notice of Probate to Beneficiaries – You will have to provide names and addresses
- If donations are being made to charity, we’ll send notice to the Attorney General
- We can work with you to produce Informal Accounting for the surrogate court .
- Refunding Bond and prepare Release if needed. Many wills state that executors can function without a bond. (The expense of the bond is separate than the lawyer 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 duties as the Personal Administrator for the estate:
- Collect and manage assets of the estate
- Get appraisal vales of the estate’s real and personal property
- Sell the property of the estate
- Pay 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 getting tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Passaic?
When an individual passes away in her or his Passaic New Jersey property usually must go through a court-supervised procedure called probate. For instance if someone one has title to a house, the home will have to be probated in the County Surrogate’s office where the house resides.
Passaic Probate eases the transfer of the decedent’s assets to people or organizations, as supplied either 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. 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 death, such as life insurance proceeds, POD accounts and trusts.
What items are required in Passaic, NJ for Probate?
Below is a list of things needed for probate.
1. The original death certificate with a raised seal.
2. An approximation 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 deceased’s next of kin.
4. Cash or check to fully pay the surrogates fees}.
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 individual, if any, who has earlier or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, so make sure that if a person 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 Passaic
The estate of somebody who dies with no Will is called an “intestate” estate. We’ll assist 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 quantity of further responsivity included, if you would like us to become the executor.
Time line of Administrator/Personal Representative /Executor of Duties in NJ, Passaic to the estate
In Passaic New Jersey, the probate procedure is managed by a personal representative. If this individual is named in the will, he’s called an “executor.” Otherwise, he is appointed by the probate court and is called an “administrator.” The probate process is commenced by filing an application with all the Surrogate’s Court at any time; nonetheless, probate will not formally open until at least 10 days subsequent to the passing of your loved one. As part of initiating probate, the executor must submit the will and have it “demonstrated.” This just means that the record to ensure 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 authority through what exactly are called “Letters Testamentary.” We will help you to get this letter. The letters supply the authority to complete several jobs to the personal representative.
The obligations of the Personal Representative start following the Letters Testamentary have been issues.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
All estate property must then collect and safeguard and value it, obtaining appraisals where necessary. This may entail taking control of a small business, managing a securities portfolio, as the land lord, acting for real estate.
Generally a Federal EIN number should be obtained for the estate.
A bank account for the estate will need to be opened.
You won’t have the ability to file the NJ inheritance tax return until it is clear regarding the sums of the medical bills and other expenses your loved one might have outstanding. Medical expenses can be deducted in the inheritance tax. We can advocate a CPA that can help in the event you want 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 remaining assets may subsequently be transferred to the beneficiaries.
Properties including residences will need to have deeds and other items like automobiles 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]