How can a former spouse or survivor assert entitlement to surplus funds following the owners death or divorce?
How a Former Spouse or Survivor Can Claim Surplus Funds in New Hampshire Detailed Answer In New Hampshire, foreclosure sales or judicial property partitions sometimes produce surplus funds. A surplus arises when the sale price exceeds the amounts owed on mortgages and liens. State law directs those surplus funds to the parties entitled to them. […]
Read article →How to Distinguish Deceased Person’s Estate Assets from a Relative’s Corporate Assets in New Hampshire
How to Distinguish Deceased Person’s Estate Assets from a Relative’s Corporate Assets under New Hampshire Law Detailed Answer When someone dies in New Hampshire, you must identify assets that belong to the decedent’s estate and those owned by a separate corporation. New Hampshire law treats corporations as independent legal entities. To decide which assets belong […]
Read article →What options exist for selling or auctioning personal property to reimburse estate expenses and equalize distributions among heirs?
Options for Selling or Auctioning Personal Property to Reimburse Estate Expenses and Equalize Distributions Among Heirs 1. Detailed Answer When you administer an estate in New Hampshire, you must pay debts and expenses before distributing assets to heirs. Under New Hampshire law, the personal representative may sell personal property to generate funds. This process helps […]
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