Legal Question in Wills and Trusts in New Jersey

Re: What has to be sent to the beneficiaries before disbursment?

I send each beneficiary a package that includes 3 documents: (1) an informal accounting showing all details of the estate, by category, (2) a form I call a Waiver, Consent and Approval which they sign and have their signature notarized, by which they waive filing a formal "judicial" accounting (which is submitted to the Surrogate's Court for approval, if required, and contains an almost transaction by transaction analysis), approve the informal accounting I provide and consent to all activity by the Executor and the proposed distribution of the estate, and (3) a Release and Refunding Bond which sets forth what each is to receive and releases the Executor, which is signed and notarized, and which must be recorded with the Surrogate to complete the estate proceedings with the Surrogate. If you need assistance, please contact me directly.

Re: What has to be sent to the beneficiaries before disbursment?

First, if the estate is contested, you should have your lawyer prepare the documents. Usually, each beneficiary must sign a Refunding Bond and Release before receiving a distribution. There normally is not a W-2 although there may be tax forms based upon income. Please have your lawyer help!

I hope this helps!

Ron Cappuccio

http://www.SaveYourEstate.com