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While an attorney is not required to probate an estate, involving a lawyer minimizes the likelihood of inadvertent deviation from the fiduciary standard. All assets need to be identified and an inventory is provided to the Probate Court within a specific time frame of getting the Certificate of Appointment.
Creditors have a certain time frame, typically six months from the date of appointment of the executor or administrator, to file their claims for payment. If the estate has enough assets, the debts are paid. If not, creditors are generally paid on a pro-rata basis.
In New Hampshire, executor fees are not explicitly defined by statute. Instead, the law allows for "reasonable" compensation, which is subjective and depends on several factors such as the complexity of the estate, the amount of work required by the executor, the executor's experience, and various other considerations.
Within 30 days of knowledge of death, the nominated administrator shall file the will with the Court and: If the estate has assets, shall cause the will to be proved or shall file a declination of nomination; or. If the estate has no assets, shall provide a certificate of death for the decedent, RSA 5.
After a person dies, the state supervises the administration of his or her estate in a process called probate. New Hampshire does not require every estate to go through probate. Review the state's probate rules to inform your estate plans and ensure your executor can carry out your wishes as intended.
CLOSING THE ESTATE You must file it, along with a filing fee, with the Circuit Court Probate Division for its approval. Once the final account is accepted by the court, you should make the final distribution of assets.
Rule 101. STATUS REPORTS - Estates Opened Solely to Pursue a Cause of Action.
Form NHJB-2145-Pe, a Petition for Estate Administration, opens a case in New Hampshire's probate system. If the affiant has not yet been appointed the administrator of the estate and there is no other application, this will make the affiant an administrator.