The New Jersey Probate Process
Probate is a process in which a will is proved in a law court to see if they are valid and true enough to be approved and implemented. The process could however, by a long rigorous battle and it takes a probate lawyer to help guide you through this entire probate process.
Probate follows a legal process where your last Will is verified in a probate court, before distribution of your assets and properties according to the will. Depending on some factors — such as the state laws binding your locality — the probate process can be quite complex and demanding. As long as you live or own estates in Paramus, your will could be rendered invalid if it goes against the probate laws of New Jersey
Get the right estate plans documents
The right estate plans can prevent the hail and hassle of probate. However, you need to have this estate plans documented- that, after be created according to the laws guiding the estate planning in New Jersey.
To prevent cases of invalid will or intestate estates, where your estate are share just anyway in which the state see it, you need to plan your will. No matter the financial or medical situation you are in today, contact a probate lawyer Paramus New Jersey to help you solve one of your most important task in life, which is planning for the future, yours and that of your family.
Best Probate lawyer Paramus NJ have you covered
The Probate lawyer helps in:
- Writing of wills according to the New Jersey state laws. State laws rules over what can be included in estate plan documents such as will. They regulate the documenting process of will as well as the formalities through which a will can be implemented. It is thus advised that you plan consult with a probate lawyer Paramus NJ.
- Placing a value on the estate: while planning your estate, it is expected that you evaluate your assets and properties. With the help probate lawyer, you can start planning your estate.
- Payment of estate debts, bills and expenses. This is important as each and every asset must be accounted for, and the monetary worth of the estate established. Out of these assets, bills, taxes and debts will have to be paid before the remnant is distributed to every beneficiary. If the value of the estate doesn’t suffice to be shared according to the will, then the beneficiaries wouldn’t get what the decedent intended them to have
- Preparation of other estate planning documents like living trust, power of attorney and advance medical directives. With living trust, you can decide who takes over plans of your estate, make financial decisions over your assets both while you are alive or dead as well as when you become mentally incapacitated.
- Distribution of estate assets to the beneficiaries.
- The probate lawyer Paramus New Jersey may also act as the estate administrator or executor in the absence of a valid Will.
Consequences of not having a will
In situations, where the decedent did not leave a valid will-either none was made or there was a wrong inclusion or error in the will. The decedent property will be passed to the closest relative in an order determined by the state laws. This is called intestate estate.
In the absence of a Last Will, or in a case where the Surrogate Court declares the Will as void, the estate will be distributed among the family members according to the Intestacy Laws of the state where the estate is located. These laws differ across different states, hence the need for hiring a competent Probate lawyer who is learned in the intestacy laws of Paramus New Jersey.
In some cases, the judge would appoint an executor to oversee the probate process and settlement of the estate.
Do not try handling these legal matters all by yourself; you may end up making costly mistakes that would be detrimental to your own interests as well as the beneficiaries of the Will.
Contact a Probate Lawyer Paramus New Jersey today.
