Estate Administration in Lakewood, New Jersey

Find the right Estate Administration attorney in Lakewood, NJ

When a person dies, a process identified as "estate administration" must be carried out. This refers to all the procedures which must be followed in distributing a person's estate to their heirs or devisees.

If the decedent wrote a will before his or her death in Lakewood, New Jersey, the process will be carried out according to the directives contained in the will, assuming they are valid and enforceable.

Frequently, the will appoints an executor whose job it is to oversee the administration of the will.

The executor is frequently the person who will get the most money or property out of the will if it is given effect, because this is the person who will have the greatest incentive to see that the probate process goes as quickly as possible.

What if The Will Does Not Name an Executor?

If the will in Lakewood, New Jersey does not name an executor, or the decedent left no will to be found, the court has to appoint a person to serve as the administrator of the estate.

This is most frequently the person who stands to gain the most from the will, or who would inherit the most under New Jersey's intestacy laws. Intestacy is the system that every state has in order to deal with the property of people who die without a will. It typically distributes the property to the closest living relatives of the decedent, assuming they can be located.

In cases where the will doesn't name an executor, or the person named is unable to take on that role for whatever reason, any person who has some direct stake in the decedent's estate (either because they're named in the will or stand to inherit by intestacy) can petition a Lakewood, New Jersey court to be appointed executor.

Once an executor is finally named, he or she becomes responsible for serving as the living embodiment of the estate, using all legal means to protect the estate's interests (such as mounting plausible legal defenses against creditors).

Can a Lakewood, New Jersey Estate Administration Attorney Help?

If you are the executor of an estate, and don't know how to handle some of the legal and financial difficulties that may arise, an efficient Lakewood, New Jersey lawyer can make this process a great deal easier.

Talk to a Wills, Trusts & Estates Law Attorney now!

Life in Lakewood

Lakewood, New Jersey is a township located in Ocean County. Its current population estimate is about 60,000 people.

In the early 1900s, Lakewood was a popular place for New Yorkers to visit in the winter, because it has a unique microclimate which makes it significantly warmer in the winter than surrounding areas. It is home to a lake, and large wooded areas, making it a popular place to visit year-round.

Modernly, portions of Lakewood are designated as Urban Enterprise Zones. These are special areas seen by the state government as being in need of economic development. Businesses are encouraged to open in these Zones through tax and regulatory breaks, and consumers are encouraged to buy goods and services because they have a lower sales tax rate than other parts of the state. The sales tax in these Enterprise Zones is half the statewide rate, which should serve as a major incentive for consumers to shop there.

If you live in or near Lakewood Township, New Jersey, there's a good chance that you'll be able to find a lawyer to handle virtually any legal issue you might be facing. Lakewood, New Jersey lawyers are well-trained and competent, and chances are good that there's at least one Lakewood, New Jersey lawyer who can handle whatever legal problem you present them with.

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