$1950 – Flat Fee for a Probate Lawyer for West Caldwell, New Jersey to help settle your loved one’s estate Call 844 533 3367
We charge a set fee of $1950 to assist you to probate an uncontested Will or intestacy estate that is uncontested. We understand that this may be a trying time, and also you need help. The procedure is fairly straight forward, and you will walk through every step on the way. If none of your relatives are contesting the distribution of assets, then the process of closing out the estate might seem long, but the legal costs can be managed.
As your Probate Lawyer for West Caldwell, NJ we will manage the below list of things for you:
- Bring Will to Surrogate Court to submit an application for Letters Testamentary
- File notice with Surrogate Court of Probate
- Make an application for a Federal Tax ID Number for the estate
- Set up the Estate Account at a bank so you’ll have the ability to pay invoices from estate account
- Send Notice of Probate to Beneficiaries – You will 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 with no bond. (The cost of the bond is different than the lawyer fee that we charge.)
Obtain Child Support Judgment 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 (Added titles at $150 each)
If you don’t hire us to do the below this will be part of your duties for the estate as the Personal Administrator:
- Gather and manage assets of the estate
- Get evaluation vales of the estate’s personal and real property
- Sell the property of the estate
- Pay the estate’s Debts
- File State and Federal Income Tax Returns for the deceased. Which is different than preparing the inheritance tax return and obtaining tax waivers. (We can recommend a CPA for you.)
- Distribute the assets.
What’s Probate NJ, in West Caldwell?
When someone passes away in his or her West Caldwell, NJ property usually must undergo a court-supervised procedure called probate. For example if someone one owns a house, the house will need to be probated in the County Surrogate’s office where the home resides.
West Caldwell Probate eases the transfer of the decedent’s assets to individuals or organizations, 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 lack of a will. Proper probate procedure or a simplified is needed unless all of the assets left behind are considered non-probate, meaning they transfer mechanically at departure, for example life insurance proceeds, POD accounts and trusts.
What items are needed in West Caldwell, NJ for Probate?
Below is a list of things needed for probate.
1. The original death certificate with a raised seal.
2. An estimate 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 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 pay the surrogates fees}.
5. If a person dies without a 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 be sure that if a person is out of state when they sign the renunciation they send the original signed file.
Added tips on becoming a Personal Representative of the Estate in West Caldwell, NJ
The estate of a person who dies with no Will is known as 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 due to the amount of further responsivity involved, in the event you want us to become the executor.
Time line of Obligations of Administrator/Personal Representative /Executor in NJ, West Caldwell to the estate
In West Caldwell New Jersey, the probate procedure is handled by a personal representative. If this person is named in the will, he’s referred to as an “executor.” Otherwise, he is appointed by the probate court and is called an “administrator.” The probate process is started by filing an application with the Surrogate’s Court at any given time; yet, probate will not formally open until at least 10 days subsequent to the death of your loved one. As part of commencing probate, the executor must submit the will and have it “demonstrated.” This just means that a clerk will review the record to ensure that it was executed according to all the formalities of New Jersey State law. Once this is complete, the court will provide the personal representative with greater ability through what exactly are called “Letters Testamentary.” We’ll help you to get this letter. The letters testamentary provide the ability to complete several jobs to the personal representative.
The responsibilities of the Personal Representative start following the Letters Testamentary have been dilemmas.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
The personal representative must then accumulate and safeguard all estate property and worth it, getting assessments where essential. This may entail taking control of a small business, managing a securities portfolio, as the land lord acting for real estate.
Typically a Federal EIN number must certanly be got for the estate.
A bank account for the estate will have to be opened.
You will not have the capacity to file the NJ inheritance tax return until it’s clear as to the sums of other expenses and the medical bills your loved one might have owed. Medical expenses can be deducted in the inheritance tax. We can recommend a CPA that can help should you’ll need help preparing the tax return.
All outstanding debts and taxes need to be paid.
Once all debts are paid, which might require sale of estate property, the rest of the assets can then be transferred to the beneficiaries.
Properties for example residences will need to have deeds and other items like vehicles will need to possess 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. Call us at 844-533-3367 or email us at [email protected]