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New Hampshire trust law allows for decanting, a process by which a trustee creates a new trust and transfers assets from an old trust to the new trust, enabling some level of trust modification (and modernization) of the old trust.
How to Create a Living Trust in New Hampshire Take stock of your property. It's important to know exactly what you own and what you want to place into your trust. ... Pick a trustee. ... Create a trust document. ... Sign the trust document in the presence of a notary public. Fund your trust by moving your property into it.
How much does a Trust cost in New Hampshire? In New Hampshire, the cost of setting up a basic Revocable Living Trust generally ranges from $1,000 to $3,000. More complex trusts may cost even more.
CLOSING THE ESTATE If full oversight is needed, you should pay all the estate's debts, and then prepare a final accounting using the form entitled ?Executor's/Administrator's Accounting? (NHJB- 2117-Pe). You must file it, along with a filing fee, with the Circuit Court Probate Division for its approval.
Here are some things to consider when drafting a letter to your executor or trustee. Your thoughts about wealth. ... Describe key players in the family. ... What matters to you? ... Give your trustee the power to make decisions, even when that means saying no.
To create a living trust in New Hampshire, you sign the trust document in front of a notary public.
You may be able to avoid probate in New Hampshire by: Making a Revocable Living Trust. Titling property: Joint Tenancy.