$1950 – Flat Fee for a Probate Attorney for Union City, NJ to help settle your loved one’s estate Call 844 533 3367
We charge a set fee of $1950 to enable you to probate intestacy estate that is uncontested or an uncontested Will. We understand that this might 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 contesting 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 Union City, NJ we will manage 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
- Make an application for a Federal Tax ID Number for the estate
- So that you’ll have the capacity to pay bills from estate account set up the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You have to provide names and addresses
- We’ll send notice to the Attorney General if contributions are being made to charity
- We can work together with you to produce Informal Accounting for the surrogate court .
- Prepare Release and Refunding Bond if needed. Many wills say that executors can serve without a bond. (The expense of the bond is separate than the attorney fee that we charge.)
Get Child Support Ruling clearance before any distributions are made.
- Prepare Deed Transfer for 1 Home (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 responsibilities for the estate as the Personal Administrator:
- Collect and manage assets of the estate
- Get assessment vales of the estate’s real and personal property
- Sell the property of the estate
- Settle the estate’s Debts
- File Federal and State Income Tax Returns for the deceased. Which is different than preparing the inheritance tax return and getting tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What is Probate in Union City, NJ?
When an individual passes away in Union City, New Jersey, his or her property usually must undergo a court-supervised procedure called probate. As an example if someone one has title to a home, the home will need to be probated in the County Surrogate’s office where the house resides.
Union City Probate eases the transfer of the decedent’s assets to individuals or organizations, as supplied through the deceased person’s will or according to the New Jersey’s intestacy laws. Where property goes in the absence of a will, with priority to close relatives intestacy laws dictate. Proper probate process or a simplified is required unless all of the assets left behind are considered non-probate, meaning they transfer automatically at death, for example life insurance proceeds, POD accounts and trusts.
What things are required for Probate in Union City, NJ?
Below is a record of items necessary 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 (personal) assets. At this time an item by item valuation is not needed to be submitted.
3. The entire names and addresses of the deceased’s next of kin.
4. Cash or check to pay the surrogates fees}.
5. If someone 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 earlier or equal right to the applicant to serve as the estate’s Administrator. “Wet” signatures are required, thus make sure that if a person is out of state when they sign the renunciation they send the original signed document.
Added information on becoming a Personal Representative of the Estate in Union City, NJ
The estate of somebody 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 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 due to the amount of further responsivity included, should you want us to become the executor.
Time line of Administrator/Personal Representative /Executor of Duties in Union City, NJ to the estate
In Union City New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he is referred to as an “executor.” Otherwise, he’s made by the probate court and is referred to as an “administrator.” The probate procedure is started by filing an application with the Surrogate’s Court at any given time; yet, probate Won’t formally open until at least 10 days after the death of your loved one. As part of beginning probate, the executor must submit the will and have it “demonstrated.” This simply means that the document to be certain that it absolutely 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’ll help you get this letter. The letters supply the personal representative with the authority to complete several tasks.
The responsibilities of the Personal Representative begin, 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 gather and safeguard all estate property and worth it, obtaining assessments where crucial. This may entail taking control of a business, managing a securities portfolio, as the land lord, acting for real estate.
Generally a Federal EIN number must be got for the estate.
A bank account for the estate will need to be started.
You won’t have the capacity to file the NJ inheritance tax return until it is clear regarding the amounts of the medical bills and other expenses your loved one might have owed. Medical expenses can be deducted in the inheritance tax. If you’ll need help preparing the tax return, we can advocate a CPA that may help.
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 can subsequently be transferred to the beneficiaries.
Properties including houses will need to get deeds and other items like vehicles will need to possess 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. Contact us at (844) 533-3367 or email us at [email protected]