The New Hampshire Affidavit of Administrator Regarding Distribution of Insolvent Estate is a document that is filed by an appointed administrator to the court in charge of the insolvent estate. The Affidavit is used to provide evidence that the administrator has fulfilled all the duties and responsibilities of the insolvency process, including the distribution of assets of the insolvent estate. The Affidavit is also used to inform the court that all creditors of the insolvent estate have been paid or provided with adequate security for their claims, and that all remaining assets have been distributed according to the terms of the insolvency process. There are two types of New Hampshire Affidavit of Administrator Regarding Distribution of Insolvent Estate. The first is the General Affidavit which is used when a single administrator is appointed to manage the insolvent estate. The second type is the Joint Affidavit which is used when two or more administrators are appointed to manage the insolvent estate. Both types of Affidavit must be signed by the administrator or administrators, and must be notarized.
New Hampshire Affidavit of Administrator Regarding Distribution of Insolvent Estate
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MANAGING THE ESTATE For all forms of administration, the estate must remain open for at least six months from the date of appointment to allow creditors to present claims. If all claims have been paid, the estate may be closed and a final account filed after six months.
Filing the will and petition at the probate court in order to be appointed executor or administrator (NH) or personal representative (MA). In the absence of a will, heirs must petition the court to be appointed ?administrator? of the estate.
New Hampshire probate follows this general flow: contact the court, get appointed as personal representative, submit will if it exists, inventory and submit valuations of all relevant assets, have the court and beneficiaries approve it, and then distribute the assets to beneficiaries.
How Much does a Probate Bond Cost in New Hampshire? Bond Amount NeededFee<$20,000$100-$150$20,000-30,000$150-$200$30,000-50,000$200-$300$50,000+0.5-0.8%
Small estates involving only personal property with a value of $10,000 or less are eligible for a simplified form of administration called Voluntary or Small Estate Administration, if the decedent died prior to January 1, 2006.
Even if there are no assets, but there is a will, you must file the will, any codicils (amendments), and a death certificate with the Probate Court within thirty (30) days of the date of death.
Before the terms of a will can be accepted, the will must be proven in probate court. 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.
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.