Bill Personal Property Form For Will In Middlesex

State:
Multi-State
County:
Middlesex
Control #:
US-00167
Format:
Word; 
Rich Text
Instant download

Description

The Bill Personal Property Form for Will in Middlesex is a formal document essential for the transfer of personal property as part of a business sale. It outlines the specific items involved, including furniture, equipment, inventory, and supplies associated with the business. This form establishes that the seller is transferring ownership of the listed property to the buyer for a specified consideration amount. Importantly, the transaction is conducted without warranty, emphasizing the buyer accepts the property 'as is.' This form serves various professionals in the legal field, including attorneys, partners, owners, associates, paralegals, and legal assistants, providing them a clear framework for documenting personal property transactions. Users can fill in the necessary fields, ensuring accuracy and completeness for both parties involved. The form requires signatures from the seller and a notary public, adding a layer of legal validity. It is crucial for maintaining proper records during business sales and estate planning, making it a vital resource for those handling such transactions.

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FAQ

A Short Certificate is a legal document that shows the decedent's name and date of death. It will also show the name of the Executor/Executrix who has been named to handle the affairs of the estate. A Short Certificate can be obtained at the "Register of Wills" office in the county court house.

The executor named in the will should visit the Middlesex County Surrogate's Court during office hours. The original, signed will and certified death certificate must be provided to the Probate Clerk. The original will is then retained by the Surrogate's Court and archived.

You will need one Short Certificate or Affidavit for each asset that exists in the Decedent's individual name. It will be helpful to advise how many Short Certificates you will need. If you later determine you need additional Short Certificates, they can be easily obtained by contacting this office.

In New Jersey, there's no strict deadline to start probate after a death. But getting started ASAP can prevent financial stress for family members and avoid issues with creditors' claims on the estate.

Short certificates $5.00. Validating short certificate with one year of issue date, $3.00. Subpoenas, each, $25.00. Marking true copies, subpoenas, each $3.00.

A Small Estate Affidavit in lieu of administration may be an option when there is no will and the value of the estate does not reach a certain threshold. In New Jersey, the term “small estate” refers to estates that are valued at less than $50,000 for a surviving spouse or less than $20,000 for next of kin.

A short certificate will be needed to transfer or sell every asset in the decedent's name alone. Once you determine the number of assets, that will indicate how many Surrogate short certificates are needed. Typically, a short certificate is valid for up to a year.

Deductible personal property taxes are those based only on the value of personal property such as a boat or car. The tax must be charged to you on a yearly basis, even if it's collected more than once a year or less than once a year.

The Commonwealth of Virginia does not offer property tax relief programs. However, most Virginia cities, counties, and towns offer some form of personal property tax relief to homeowners age 65 and older, and to homeowners with disabilities.

Qualify for Personal Property Tax Relief Per the Code of Virginia §58.1-3524, personal property tax relief (PPTR) gives tax relief on the taxes due for the first $20,000 in assessed value on qualified personal vehicles. No relief is given on any assessment amounts over $20,000.

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Bill Personal Property Form For Will In Middlesex