$1950 – Flat Fee for a Probate Lawyer for Rahway, New Jersey to help settle your loved one’s estate Call 844-533-3367
We charge a flat fee of $1950 to assist you to probate an uncontested Will or intestacy estate that is uncontested. We realize that this can be a trying time, and you need help. The process is pretty straight forward, and you will help through every step on the way. If none of your relatives are challenging the distribution of assets, then the method of closing out the estate may seem long, but the legal costs could be handled.
As your Probate Lawyer for Rahway, NJ we’ll manage the below list of things for you:
- Bring Will to Surrogate Court to submit an application for Letters Testamentary
- File notice of Probate with Surrogate Court
- Apply for a Federal Tax ID Number for the estate
- So you’ll have the ability to pay invoices from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You will need to supply names and addresses
- We will send notice to the Attorney General, if donations are being made to charity
- We can work with you to prepare Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if needed. Many wills say that executors can function without a bond. (The cost 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 House (Additional Property Deeds we bill $575 each)
- Prepare Title Transfer for 1 vehicle (Added titles at $150 each)
If you don’t 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 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 your loved one. Which is different than getting tax waivers and that preparing the inheritance tax return. (We can suggest a CPA for you.)
- Distribute the assets.
What is Probate in Rahway, NJ?
When someone passes away in his or Rahway New Jersey property generally must undergo a court-supervised process called probate. For example if someone one has title to a home, the home will have to be probated in the County Surrogate’s office where the dwelling lives.
Rahway Probate facilitates the transfer of the decedent’s assets to organizations or individuals, as provided either through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws order where property goes with precedence to close relatives, in the absence of a will. A simplified or formal probate procedure is needed unless all of the assets left behind are considered non-probate, meaning they transfer automatically at departure, for example life insurance proceeds, POD accounts and trusts.
What items are needed NJ, in Rahway for Probate?
Below is a list of things necessary 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 (personal) assets. At this time an item-by-item valuation isn’t needed to be submitted.
3. The complete names and addresses of the your loved ones’s next of kin.
4. Money to fully 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 individual, 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.
Additional information on becoming a Personal Representative of the Estate NJ, in Rahway
The estate of a person who dies without a Will is called 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 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 due to the quantity of additional responsivity included, in the event you want us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in Rahway, NJ to the estate
In Rahway 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’s named by the probate court and is called an “administrator.” The probate procedure 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 death of your loved one. As part of starting probate, the executor must submit the will and have it “demonstrated.” This simply means that the file to make sure that it absolutely was executed according to all of 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 ability through what are called “Letters Testamentary.” We’ll help you to get this letter. The letters provide the personal representative with all the authority to complete several tasks.
The duties of the Personal Representative begin, subsequent to the Letters Testamentary have been dilemmas.
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 collect and safeguard and worth it, getting assessments where essential. This could entail taking control of a small business, managing a securities portfolio, as the land lord, acting for real estate.
Typically a Federal EIN number should be got for the estate.
A bank account for the estate will need to be started.
You won’t 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 may have owed. Medical expenses may be deducted in the inheritance tax. We can recommend a CPA that can help if you want help preparing the tax return.
Taxes and all outstanding debts have to 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 such as dwellings will have to have deeds and other things like vehicles 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]