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In New Hampshire, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
Probate is the court-supervised process of distributing the estate of a deceased person. A New Hampshire will must be filed with the probate court within 30 days of the decedent's death.
If the court approves the petition, it will issue documents authorizing the petitioner to act as the executor. These documents are sometimes called "Letters of Authority," "Letters Testamentary," or "Letters of Administration." The documents will also include an order opening the probate case.
An administrator is a person eligible under New Hampshire law, and who is approved by the Circuit Court, to administer an estate when the decedent leaves no will (sometimes referred to as an intestate estate) or when the executor(s) named in the will cannot serve.
The Estate Settlement Timeline: There is no specific deadline for this in New Hampshire law, but it is generally best to do so within 30 days to prevent unnecessary delays in the probate process.
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.
The Estate Settlement Timeline: There is no specific deadline for this in New Hampshire law, but it is generally best to do so within 30 days to prevent unnecessary delays in the probate process.
Pursuant to RSA 5, Waiver of Administration may be used when one of the following conditions is present (with or without a will): (1) Whenever a decedent dies testate and an individual is named in the will as the sole beneficiary of the decedent's estate and is appointed to serve as administrator.