Best Probate Lawyers in Nashua

Frequently Asked Questions

• What is the non-emergency contact number for the local police station in Nashua, New Hampshire?

  For non-emergency matters, please contact the Nashua Police Department by phone at (603) 594-3500.

• Where can I get a copy of police reports for incidents related to my case in Nashua, New Hampshire?

  If you need a copy of the police report for your case in Nashua, please contact the Nashua Police Department’s Records Division at (603) 594-3530, Monday – Friday, 7:00 a.m. – 10:00 p.m.

• In Nashua, where do probate proceedings begin, and how long does the process take?

  When an individual dies in Nashua, the probate proceedings commence in the New Hampshire Circuit Court, 9th Circuit - Probate Division. Typically, a minimum of six months is needed for filing documents and settling debts. However, as creditors have a one-year window to lodge claims, most estates remain unsettled for at least a year. Instances of disputes over the will or other unexpected setbacks can extend this timeframe, potentially stretching it out over several years.

• What does one need to do when left in charge of an estate in Nashua, especially if there's no will?

  In Nashua, if a will is non-existent, the successors must seek court approval to become the estate's "administrator." The process involves gathering all the deceased's assets and compiling an "inventory" list. Obligations and taxes should be cleared, and a separate checking account may aid in monitoring all expenses. The estate's allocation follows, with the anticipation of potential claims.

• Why is it important to avoid probate in Nashua?

  Avoiding probate is crucial in Nashua for several reasons. One is the lengthy duration of formal probate, which can take around eight to nine months, even for small estates. Additionally, probate proceedings can be costly, with fees paid from the estate's assets, potentially reducing the value of the inheritance. To avoid these drawbacks, individuals can establish a living trust to transfer their assets to a trustee who can distribute them without the need for probate court proceedings.

• What advantages can one expect from setting up an irrevocable trust in Nashua?

  In Nashua, establishing an irrevocable trust could offer notable financial benefits. An irrevocable trust, governed by New Hampshire regulations, is not subject to state income or capital gains tax, assuming the grantor isn't taxed. Although the trust's assets become inaccessible to the creator if listed as a beneficiary, this step provides a shield against creditors. It is worth noting that the trust claims ownership of all transferred assets once it is created.

• Can pet owners in Nashua establish a pet trust, and what are the available methods to finance it?

  Yes. According to N.H. RSA § 564-B:4-408, enacted in 2004, it's permissible for Nashua residents to establish a Trust for Animal Care. Adequate financial backing is vital for the trust's operation. Numerous funding strategies are available, which include transferring assets or monetary resources to the trustee, making provisions in a will, appointing the trustee as a life insurance policy beneficiary, or allotting portions of annuities or retirement plans to the trust.