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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.
In New Hampshire, establishing a TOD provision often involves filling out a form provided by the financial institution that holds your assets. For real estate, as mentioned earlier, a TOD deed is not an option.
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).
New Hampshire does not recognize an affidavit specifically suited to settling small estates per se; however, certain estates may be closed without the accounting, inventorying, and fiduciary bonds usually required when distributing a decedent's property and assets.
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.
In New Hampshire, the following assets are subject to probate: Solely-owned property: Any asset that was solely owned by the deceased person with no designated beneficiary is subject to probate. This could include bank accounts, cars, houses, personal belongings, and business interests.
Intestate Succession: Extended Family Inheritance SituationWho Inherits Your PropertyChildren, but unmarried? Entire estate to childrenParents, but no spouse, children, or siblings? Entire estate to parentsParents are deceased, but no spouse or children? Estate split among siblings in equal shares