Does the Personal Representative Have to Provide Me a Copy of the Accounting in a New Hampshire Probate Matter?
Detailed Answer In New Hampshire, a personal representative must file an inventory and an accounting with the Probate Court. Under RSA 551:20, the representative must submit an inventory within two months of appointment and render an accounting as directed by the court. You can read the statute here: RSA 551:20 (Inventory and Accounting). While the […]
Read article →What options exist for a New Hampshire personal representative with limited funds for handling creditor claims?
Detailed Answer As a personal representative in New Hampshire, you must address creditor claims even when estate assets are limited. You risk personal liability if you distribute assets improperly or miss creditor deadlines. Fortunately, New Hampshire law provides several cost-effective tools and procedures to help you manage creditor claims with minimal out-of-pocket expense. 1. Petition […]
Read article →How to Manage Estate Administration When Assets Are Located in Multiple Counties or Jurisdictions in New Hampshire
Detailed Answer Disclaimer: This article is for informational purposes only and does not constitute legal advice. Consult a licensed attorney in New Hampshire for advice tailored to your specific situation. 1. Identify the Primary Probate Venue Under New Hampshire law, you begin by filing the estate administration petition in the probate division of the superior […]
Read article →What Documents Are Needed to Complete a Small Estate Affidavit for Estate Assets in NH?
Detailed Answer In New Hampshire, a small estate affidavit allows a qualifying heir or beneficiary to claim estate assets without formal probate. Under RSA 556:6 and RSA 556:7, you can use this process if the decedent’s personal property does not exceed $25,000 and any real property does not exceed $25,000 in value. To complete the […]
Read article →How to Distribute Estate Assets to Heirs Using a Small Estate Affidavit Process in NH
Disclaimer: This article is for informational purposes only. It does not constitute legal advice. Consult a licensed attorney for specific guidance. Detailed Answer Under New Hampshire law, you can use a small estate procedure when the decedent’s personal property in the state totals no more than $15,000 and the estate holds no real estate (RSA […]
Read article →How to Initiate the Sale of Estate Property to Satisfy Creditor Claims under New Hampshire Law
Detailed Answer When an individual dies in New Hampshire with outstanding debts, their personal representative (executor or administrator) must follow probate procedures to sell estate assets and pay creditors. Below are steps under state law. 1. Appointment of a Personal Representative The court appoints an executor named in the will or an administrator if there […]
Read article →What options exist for selling or auctioning personal property to reimburse estate expenses and equalize distributions among heirs under NH law?
Detailed Answer When a New Hampshire estate needs to cover administration costs or achieve equal distributions among heirs, the personal representative (PR) has several options for disposing of personal property. Under N.H. Rev. Stat. Ann. (RSA) Chapter 553, the PR can sell items in the ordinary course of administration or seek court approval for sales […]
Read article →What Procedures Ensure Estate Expenses and Creditor Claims Are Addressed Before Distributing Assets to Heirs in NH
How to Ensure Estate Expenses and Creditor Claims Are Resolved Before Asset Distribution in NH When an individual dies in New Hampshire, their estate must settle debts and administrative costs before heirs receive any assets. The probate process lays out clear steps to protect creditors, pay expenses, and then distribute remaining property. This article explains […]
Read article →What Information and Documentation Are Required to Verify All Individuals with an Interest in Real Property in New Hampshire
Disclaimer: This article provides general information only. It does not constitute legal advice. Consult a qualified attorney for advice on your specific situation. Detailed Answer Under New Hampshire law, verifying every individual with an interest in real property requires a systematic title search and review of recorded instruments. You must gather all documents that affect […]
Read article →How is the fair market value of personal property calculated in a probate case in New Hampshire?
Detailed Answer In a New Hampshire probate case, the personal representative must determine the fair market value (FMV) of a decedent’s personal property as of the date of death or another date set by the court. Under RSA 556:1 (Appraisal), the probate court appoints one or more qualified appraisers to evaluate items such as furniture, […]
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