FAQs for New Jersey Probate
Probate laws vary state to state so it is important that you understand the laws in your state. There are key differences that make dealing with probate in New Jersey unique.
1. Can Probate be avoided in New Jersey?
In New Jersey, you can avoid Probate if you set up a trust for all of your assets. If there is no trust or other plans, the estate will enter the probate process in New Jersey which can be a long process.
2. How long does Probate Take in New Jersey?
The probate process in New Jersey can be frustratingly long. It can take anywhere from 9 months to over 2 years, depending upon the complexity of the estate, the number of heirs, and the speed of the local court administering the case. If the Will is being contested, probate can drag on for even longer – sometimes taking several years. And that was pre-pandemic so now we are seeing more delays. Parker & Cole can get you funded long before the probate process is completed.
3. How can I speed up the probate process in New Jersey?
Unfortunately, there is no real way to speed up the probate process, as it is required to go through the Courts which are currently backlogged. However, Parker & Cole can be the ideal solution to access a portion of your inheritance while you wait for the estate to close and disburse. The experienced professionals at Parker & Cole can guide you through the process making it easy to get the money you need as quickly as the same day.
4. Can I get a Probate Advance in New Jersey?
Yes. Parker & Cole works in all fifty states and in all of New Jersey’s counties, including, but not limited to the following:
- Atlantic County, NJ
- Bergen County, NJ
- Burlington County, NJ
- Camden County, NJ
- Cape May County, NJ
- Cumberland County, NJ
- Essex County, NJ
- Gloucester County, NJ
- Hudson County, NJ
- Hunterdon County, NJ
- Mercer County, NJ
- Middlesex County, NJ
- Monmouth County, NJ
- Morris County, NJ
- Ocean County, NJ
- Passaic County, NJ
- Salem County, NJ
- Somerset County, NJ
- Sussex County, NJ
- Union County, NJ
- Warren County, NJ
5. Does New Jersey have an estate tax?
No, New Jersey does not have an estate tax. The following states do have an estate tax:
- New York
- Rhode Island
- Washington (state)
6. Does New Jersey have an inheritance tax?
Yes, New Jersey does have an inheritance tax. The following states do have an inheritance tax.
- New Jersey