$1950 – Flat Fee for a Probate Attorney for West New York, 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 this can be a trying time, and also you need help. The process is fairly straight forward, and you will walk through every step along the way. If no one is 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 Lawyer for West New York, NJ we’ll handle the below list of items for you:
- Bring Will to Surrogate Court to submit an application 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 have to supply names and addresses
- We’ll send notice to the Attorney General, if contributions are being made to charity
- We can work with you to prep Informal Accounting for the surrogate court .
- Refunding Bond and prepare Release if necessary. Many wills say that executors can serve without a bond. (The expense of the bond is different than the attorney fee that we charge.)
Obtain Child Support Ruling 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)
Unless you hire us to do the below this will be part of your responsibilities as the Personal Administrator for the estate:
- Gather and manage assets of the estate
- Get appraisal vales of the estate’s personal and real property
- Sell the property of the estate
- Settle the estate’s Bills
- File State and Federal Income Tax Returns for the deceased. Which is different than preparing the inheritance tax return and getting tax waivers. (We can suggest a CPA for you.)
- Distribute the assets.
What’s Probate NJ, in West New York?
When an individual passes away in his or West New York New Jersey property generally must undergo a court-supervised process called probate. As an example if someone one owns a home, the home will need to be probated in the County Surrogate’s office where the house resides.
West New York Probate eases the transfer of the decedent’s assets to organizations or individuals, as provided through the deceased person’s will or according to the New Jersey’s intestacy laws. Intestacy laws dictate where property goes in the absence of a will, with priority to close relatives. A simplified or proper probate procedure is required unless all the assets are considered non-probate, meaning they transfer mechanically at departure, like life insurance proceeds, POD accounts and trusts.
What things are needed for Probate in West New York, NJ?
Below is a list of things 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 (private) 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. Cash or check to fully pay the fees that are surrogates}.
5. If someone 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 individual, if any, who has earlier or equal right to the applicant to serve as the estate’s Administrator. Original 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 advice on becoming a Personal Representative of the Estate NJ, in West New York
The estate of a person who dies with no Will is called an “intestate” estate. We’ll help you become the Personal Representative of the estate. This position has several names Executor, Personal Representative, Administrator and 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 because of the amount of further responsivity involved, in the event you would like us to become the executor.
Time line of Duties of Administrator/Personal Representative /Executor in West New York, NJ to the estate
In West New York New Jersey, the probate procedure is handled by a personal representative. If this individual is named in the will, he’s called an “executor.” Otherwise, he’s made by the probate court and is called an “administrator.” The probate process is started by filing an application with all the Surrogate’s Court at any time; however, probate will not formally open until at least 10 days following the death of your loved one. As part of beginning probate, the executor must submit the will and have it “demonstrated.” This just means that a clerk will review the file to be certain that it absolutely was executed according to all of the formalities of New Jersey State law. 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 provide the authority to complete several jobs to the personal representative.
After the Letters Testamentary have been dilemmas, the duties of the Personal Representative start.
The personal representative must notify the beneficiaries listed in the will within days after the will is admitted all.
The personal representative must then collect and safeguard all estate property and worth it, obtaining appraisals where required. This can entail 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 need to be started.
You will not have the ability 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 may have outstanding. Medical expenses could be deducted in the inheritance tax. We can advocate a CPA that may help, should you really 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 remaining assets can then be transferred to the beneficiaries.
Properties for example houses will have to get deeds and other items like autos will need 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. Contact us at (844) 533-3367 or email us at [email protected]