What Mechanisms Ensure the Administrator Complies with Estate Duties and Bond Requirements in NH

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Detailed Answer

Disclaimer: This article is for informational purposes and does not constitute legal advice.

Under New Hampshire law, the probate court and statutory safeguards work together to ensure administrators fulfill estate duties and meet bond obligations. These mechanisms protect heirs, creditors and the public.

1. Bond Requirements and Surety Protection

When appointed, an administrator must post a surety bond approved by the probate court. New Hampshire Revised Statutes Annotated (RSA) require a bond unless the decedent’s will waives it or all heirs consent. RSA 554:7 sets bond terms and penal sums. The surety guarantees the estate against losses caused by fiduciary misconduct. If the administrator misapplies funds, beneficiaries or creditors can recover losses from the surety company.

2. Court Oversight and Mandatory Reporting

The probate court supervises estate administration through periodic filings:

  • Inventory and Appraisement: Within 30 days of appointment, the administrator must file an inventory with the court and notify heirs. See RSA 554:9.
  • Interim Accountings: Administrators often file interim or partial accountings to show receipts and disbursements. Creditors and heirs may review these reports.
  • Final Accounting: Before closing the estate, the administrator submits a final account for court approval. See RSA 560:1 and RSA 563:1. Beneficiaries may object and request a hearing.

3. Removal and Surcharge for Non‐Compliance

If an administrator fails to perform duties or mismanages assets, interested parties may petition for removal or surcharge:

  • Removal: The court may remove an administrator for misconduct, incapacity or breach of duty. See RSA 554:13.
  • Surcharge: Creditors or heirs can seek a surcharge against an administrator for losses caused by negligence or misapplication of estate property. See RSA 562:1.

4. Civil and Criminal Remedies

Beyond probate actions, beneficiaries may file civil suits for breach of fiduciary duty or conversion. The state may pursue criminal charges for larceny by public servant if an administrator intentionally misappropriates estate funds. See RSA 637:2 (Larceny by public servant).

Helpful Hints

  • Consult an attorney before bonding or filing reports.
  • Keep detailed records of all transactions and communications.
  • Notify beneficiaries promptly of filings and hearings.
  • Review bond terms, including penal sum and surety obligations.
  • Request court guidance if you encounter complex asset issues.

The information on this site is for general informational purposes only, may be outdated, and is not legal advice; do not rely on it without consulting your own attorney. See full disclaimer.