$1950 – Flat Fee for a Probate Lawyer for Pompton Lakes, NJ 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 realize that this might be a trying time, and you need help. The process is rather straight forward, and we’ll walk you through every step along the way. If no one is contesting the distribution of assets, then the process of closing out the estate may seem long, but the legal costs could be handled.
As your Probate Lawyer for Pompton Lakes, NJ we’ll handle the below list of items for you:
- Bring Will to Surrogate Court to make an application for Letters Testamentary
- File notice of Probate with Surrogate Court
- Submit an application for a Federal Tax ID Number for the estate
- Prepare the Estate Account at a bank so that you’ll be able to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You will have to provide addresses and names
- If donations are being made to charity, we’ll send notice to the Attorney General
- We can work together with you to produce Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if necessary. Many wills state that executors can function with no bond. (The expense of the bond is different than the attorney fee that we charge.)
Get Child Support Judgment 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 duties as the Personal Administrator for the estate:
- Gather 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 suggest a CPA for you.)
- Distribute the assets.
What exactly is Probate NJ, in Pompton Lakes?
When someone passes away in his or Pompton Lakes New Jersey property usually must undergo a court-supervised procedure called probate. As an example if someone one has title to a house, the house will need to be probated in the County Surrogate’s office where the home dwells.
Pompton Lakes Probate eases the transfer of the decedent’s assets to organizations or people, as provided either 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 absence of a will, intestacy laws order. A simplified or formal probate procedure is required unless every one of the assets left behind are considered non-probate, meaning they transfer automatically at departure, for example life insurance proceeds, POD trusts and accounts.
What items are required for Probate in Pompton Lakes, NJ?
Below is a record of things needed 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 (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 fully pay the fees that are surrogates}.
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 person, 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 a person 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 in Pompton Lakes, NJ
The estate of someone who dies without a Will is called an “intestate” estate. We will allow you to 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’. Should you want us to become the executor, our fees would be higher due to the quantity of additional responsivity included.
Time line of Obligations of Administrator/Personal Representative /Executor in NJ, Pompton Lakes to the estate
In Pompton Lakes New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he’s referred to as an “executor.” Otherwise, he is appointed by the probate court and is known as an “administrator.” The probate process is commenced by filing an application with the Surrogate’s Court at any time; nonetheless, probate Won’t officially 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 “proved.” This just means that a clerk will review the record to ensure that it 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 authority through what are called “Letters Testamentary.” We will help you to get this letter. The letters provide the personal representative with all the authority to complete several tasks.
The responsibilities of the Personal Representative start after the Letters Testamentary have been dilemmas.
The personal representative must notify all of the beneficiaries listed in the will within 60 days following the will is accepted.
All estate property must then gather and safeguard and worth it, getting assessments where required. This can involve taking control of a small business, managing a securities portfolio, as the land lord, acting for real estate.
Generally a Federal EIN number must be obtained for the estate.
A bank account for the estate will have to be started.
You won’t be able to file the NJ inheritance tax return until it is clear regarding the sums of the medical bills and other expenses your loved one may have owed. Medical expenses could be deducted in the inheritance tax. If you really need help preparing the tax return, we can recommend 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 rest of the assets can subsequently be transferred to the beneficiaries.
Properties including dwellings will have to get deeds created, and other items like autos will need to get 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]