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Since every estate is different, the time it takes to settle the estate may also differ. Most times, an executor would take 8 to 12 months. But depending on the size and complexity of the estate, it may take up to 2 years or more to settle the estate.
The Executor of your estate is the person appointed to see to the administration of your estate once you have passed away. An Executor is appointed by the Master of the High Court in terms of the Administration of Estates Act, 66 of 1965 (hereinafter referred to as the Act).
As an Executor, you should ideally wait 10 months from the date of the Grant of Probate before distributing the estate.
Probate can take anywhere from around nine months to about a year for an average estate to be settled through New Hampshire probate.
Do all executors of a will have to apply for probate? Often more than one executor is named in a will, but not all of the executors have to apply for probate. A maximum of four people can apply to the Probate Registry to prove a will and be named on the grant of probate.
In New Hampshire, a nonresident executor must be approved by the probate court judge and appoint someone who lives in the state to act as a resident agent. Your executor's in-state agent will accept legal papers on behalf of your estate.
Unless the conditions for a Waiver of Administration are present, regular estate administration is required. Under New Hampshire law, if you are named as executor in a will, you have thirty (30) days after the decedent's death to file the will with the Circuit Court in addition to one of the forms listed below.
Simple estates might be settled within six months. Complex estates, those with a lot of assets or assets that are complex or hard to value can take several years to settle. If an estate tax return is required, the estate might not be closed until the IRS indicates its acceptance of the estate tax return.
You will be issued letters from the court, which say that you have been appointed personal representative. These letters are evidence that you have authority to act on behalf of the estate.
The will and a petition for probate must be filed with the court in the county where the decedent lived or had property if they lived out of state. An executor or administrator is appointed and approved by the court. The executor must take inventory of all the assets and may need to have some appraised.