Disclaimer: This is not legal advice. It offers general information about a personal representative’s obligations under New Hampshire law.
Detailed Answer
1. Notice of Appointment
Within 30 days of receiving letters of administration, a personal representative must notify all heirs and devisees of their appointment. See RSA 551:7. This notice allows heirs to learn about probate proceedings and their rights.
2. Notice to Creditors
The personal representative must publish a notice to creditors in a local newspaper and mail individual notices to known creditors within three months of appointment. See RSA 551:11. Heirs benefit by knowing which claims may reduce their inheritance.
3. Inventory and Appraisal
Within 40 days of appointment, the personal representative must file a complete inventory and appraisal of estate assets with the probate court. See RSA 551:12. Heirs can review this document to verify the estate’s value and holdings.
4. Interim and Final Accounting
A personal representative must maintain accurate records of all receipts, disbursements, and distributions. On request, heirs may obtain interim accountings. Before closing the estate, the representative must file a final accounting and petition for discharge. See RSA 552:5. This ensures transparency about how estate funds are managed.
5. Distribution of Assets
After paying debts and expenses, the personal representative must distribute remaining assets according to the will or, if none exists, the New Hampshire intestacy statutes. See RSA 551:18. Heirs receive their lawful share based on these rules.
6. Fiduciary Duties
Throughout administration, the personal representative must:
- Act in the estate’s best interests, not personal gain.
- Maintain impartiality among heirs and beneficiaries.
- Preserve estate assets prudently and avoid conflicts of interest.
Helpful Hints
- Request copies of notices, inventory, and accountings early to stay informed.
- Review published creditor notices to identify outstanding claims.
- Ask the personal representative for an estimated timeline of distributions.
- Consult probate court rules in your county for local procedures.
- Consider speaking with an estate attorney if you suspect mismanagement.