$1950 – Flat Fee for a Probate Attorney for Union, 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 uncontested intestacy estate or an uncontested Will. We realize that this may 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 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 can be handled.
As your Probate Lawyer for Union, NJ we will handle the below list of items for you:
- Bring Will to Surrogate Court to apply for Letters Testamentary
- File notice of Probate with Surrogate Court
- Submit an application for a Federal Tax ID Number for the estate
- So you will have the capacity to pay bills from estate account, prepare the Estate Account at a bank
- Send Notice of Probate to Beneficiaries – You should provide addresses and names
- We will send notice to the Attorney General if contributions are being made to charity
- We can work together with you to prepare Informal Accounting for the surrogate court in your county.
- Refunding Bond and prepare Release if necessary. Many wills state that executors can serve without a 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 Home (Additional Property Deeds we charge $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 for the estate as the Personal Administrator:
- Collect and manage assets of the estate
- Get evaluation vales of the estate’s real and personal 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 obtaining tax waivers and that preparing the inheritance tax return. (We can recommend a CPA for you.)
- Distribute the assets.
What’s Probate in Union, NJ?
When someone passes away in his or Union New Jersey property generally must go through a court-supervised process called probate. For example if someone one has title to a house, the home will need to be probated in the County Surrogate’s office where the dwelling resides.
Union Probate facilitates the transfer of the decedent’s assets to organizations or people, as supplied 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 lack of a will intestacy laws dictate. Proper probate procedure or a simplified is required unless all of the assets are considered non-probate, meaning they transfer automatically at death, such as life insurance proceeds, POD trusts and accounts.
What items are needed in Union, NJ for Probate?
Below is a record of things needed 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 (personal) assets. At this time an item by item valuation is not 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 someone dies without a 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, thus make sure that if a person is out of state when they sign the renunciation they send the original signed file.
Additional tips on becoming a Personal Representative of the Estate NJ, in Union
The estate of someone who dies with no Will is called an “intestate” estate. We’ll allow 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 because of the quantity of further responsivity included should you would like us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in Union, NJ to the estate
In Union New Jersey, the probate process is managed by a personal representative. If this person is named in the will, he is known as an “executor.” Otherwise, he’s named by the probate court and is known as an “administrator.” The probate process is started 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 following the death of your loved one. As part of initiating probate, the executor must submit the will and have it “demonstrated.” This simply means that the document to make certain 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’ll help you get this letter. The letters testamentary provide the personal representative with all the ability to complete several jobs.
Subsequent to the Letters Testamentary have been problems, the obligations of the Personal Representative begin.
The personal representative must notify all of the beneficiaries listed in the will within 60 days following the will is admitted.
All estate property must then gather and safeguard and worth it, getting appraisals where required. This may entail taking control of a company, managing a securities portfolio, acting as the land lord for real estate.
Generally a Federal EIN number must certanly 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’s clear as to the amounts of other expenses and the medical bills your loved one may have owed. Medical expenses can be deducted in the inheritance tax. In the event you really need help preparing the tax return, we can recommend a CPA that can 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 may then be transferred to the beneficiaries.
Properties such as homes will need to have deeds and other items like automobiles 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]