The New Jersey probate process serves a vital purpose. When a resident of New Jersey dies, the New Jersey probate courts oversee the distribution of all assets and belongings left behind. They first appoint a representative to be in charge of the estate, collect and itemize all assets and monetary accounts, ensure all outstanding debts are paid off, and determine the validity of any existing wills. Finally, when the court is satisfied that all other steps have been completed, they authorize the distribution of inheritance funds to the rightful heirs.
Delays To Your Inheritance
The key problem with the probate process in New Jersey is that it takes an extremely long time from start to finish. While probate is in process, heirs are not able to access the money their loved one wanted them to have.
How long does probate take in NJ?
The average estate in the US takes a full year and a half to finally distribute the inheritance money to the heirs. This fact is shocking to most heirs in New Jersey and elsewhere who are understandably new to the process. Having a rightful inheritance blocked for years by a legal process can prove very frustrating.