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Wills - Probate
After an individual dies, all assets of the decedent must be transferred out of his or her name. Assets that are jointly owned, have a beneficiary designation or that are payable on death, do not have to go through probate. However, all other assets that are titled solely in the decedent’s name must go through the probate legal process and this can often take between six to twelve months depending on the assets..
Through probate, taxes and debts are paid, and the remainder is passed to the beneficiaries. We are happy to serve Middlesex County probate clients, Somerset County probate clients, Union County probate clients and all New Jersey resident decedents.
Today, supervised probate proceedings usually occur only when a will contest is involved, a party requests it, or the abilities or activities of the estate representative have been challenged in court. It is important to remember that a Will does not avoid probate, it simply tells the Court who your beneficiaries are and where your assets are to be distributed. A Probate Lawyer can explain the process and help you complete the necessary work involved.
How We Can Help
An attorney’s assistance in the probate process can be vital. Attorneys understand how best to “marshal” the assets, i.e., determine which assets are indeed part of the estate; how to properly file an Inventory and Appraisal of the assets; when, and in what manner, to pay the estate’s taxes, debts, and remaining liabilities; and how best to distribute those assets remaining in the estate’s inventory after all other processes have been concluded. Bond & Posluszny represents beneficiaries, personal representatives, trustees, Executors, or other interested persons throughout New Jersey.
Regardless of the complexity of your situation, Bond & Posluszny can help you understand the legalities involved and develop a strategic approach to your situation. New Jersey Probate Lawyer