Fill in a Valid Nhjb 2125 P Form

Fill in a Valid Nhjb 2125 P Form

The NHJB 2125 P form is a crucial document used in New Hampshire's probate process to inventory the assets of an estate. This form helps fiduciaries, such as executors or guardians, provide a detailed account of the estate's assets, including real estate and personal property. Completing this form accurately is essential for the proper administration of the estate.

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The NHJB 2125 P form plays a crucial role in the management of fiduciary responsibilities within the New Hampshire judicial system. Designed for use by executors, administrators, guardians, conservators, and trustees, this form serves as an inventory of the estate's assets, ensuring transparency and accountability. It requires detailed information about the fiduciary, including names, court orders, and bond amounts, while also prompting fiduciaries to consider attorney fees and their own compensation. For estates of deceased individuals, the form captures values as of the date of death, providing a comprehensive summary of both real and personal estate. This includes the total value of real estate, cash on hand, household furnishings, and various other categories of personal property. Attachments play a significant role, as they allow fiduciaries to itemize assets like stocks, bonds, and business assets, ensuring that every component of the estate is accounted for. The form also emphasizes the importance of accuracy and honesty, as any misrepresentation could lead to serious legal consequences. Ultimately, the NHJB 2125 P form is not just a bureaucratic requirement; it is a vital tool that helps maintain the integrity of the estate administration process, safeguarding the interests of all parties involved.

Example - Nhjb 2125 P Form

THE STATE OF NEW HAMPSHIRE

JUDICIAL BRANCH

http://www.courts.state.nh.us

Court Name:

Case Name:

Case Number:

(if known)

INVENTORY OF FIDUCIARY

Executor/Administrator Guardian/Conservator Trustee

Original

Amended (Attach written explanation)

1.Fiduciary Name Fiduciary Name

2. Attorney name

 

Bar ID #

3. BOND AMOUNT ORDERED BY THE COURT $

4. Answer the following questions only if processing the estate of a deceased person.

If you have an attorney, have attorney fee arrangements been discussed?

Yes

Have fiduciary fee arrangements been considered?

Yes

No

No

5.

ESTATE SUMMARY

For decedent estates, all values should be as of the date of death. For all other case types, values should be as of the date of the fiduciary’s appointment.

A. TOTAL VALUE OF REAL ESTATE

$

On a sheet of paper (Attachment A), list each piece of real estate including its

street address, city/town where real estate is located, county where deed is recorded, book and page of deed, and the value of each piece of real estate.

 

 

B. TOTAL VALUE OF PERSONAL ESTATE (from total on second page)

$

 

 

 

 

 

C. TOTAL VALUE OF ENTIRE ESTATE (Add A and B above)

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.

PERSONAL ESTATE DETAIL

 

 

 

 

Enter the total value of the personal property for each category below, and list the specific items and their value for each category on the appropriate attachment. For decedent estates, all values should be as of the date of death. For all other case types, values should be as of the date of the fiduciary’s appointment.

A.

Cash On Hand (No attachment is required.)

$

B.

Attachment B – Household Furnishings and Effects

$

On a sheet of paper (Attachment B), list the contents of the household and

their values. Do not list wearing apparel, Bibles, family pictures, photographs, or other personal trinkets of sentimental rather than intrinsic value.

NHJB-2125-P (01/01/2014)

Page 1 of 3

Case Name:

Case Number:

INVENTORY OF FIDUCIARY

C. Attachment C – Other Tangible Personal Property

$

On a sheet of paper (Attachment C), list all other tangible personal property

including motor or recreational vehicles, farmers' utensils, mechanics tools and livestock. For each motor or recreational vehicle, list the year, make, model and vehicle identification number (VIN).

D. Attachment D – Stocks and Bonds

$

On a sheet of paper (Attachment D), list stock or bond name, number of shares and value per share. See additional information in the ‘Personal Estate Detail’ box above.

E. Attachment E – Deposited in Banks/Financial Institutions

$

On a sheet of paper (Attachment E), list the name and address of the bank or financial institution, the account or certificate number, the date of the last interest/dividend paid and the account balance.

F. Attachment F – Business Assets

$

On a sheet of paper (Attachment F), list all business assets and their values.

G. Attachment G – Notes Receivable and Other Written Evidence of Debt

 

Owed to the Deceased or Ward

$

On a sheet of paper (Attachment G), list debtor and/or payor, the amount

 

owed, the date of the note and terms of payment.

 

H. Attachment H– Other Miscellaneous Personal Property

$

On a sheet of paper (Attachment H), list any personal property not listed

 

above and the individual values.)

 

TOTAL VALUE OF PERSONAL ESTATE

$

Add amounts on lines 6A through 6H (Cash on Hand plus Attachments B through H). Copy the ‘total value of personal estate’ amount to page 1, line 5B of the Estate Summary.

7. The inventory value was determined by: (check all applicable boxes)

appraisal

tax information

bank statement

other source

8. This section must be completed by the fiduciary completing the form.

I/We,

 

the fiduciary, of the estate of

,swear that I/we have acted faithfully, impartially and according to my best judgment. I believe that if I have knowledge or possession of any further estate of the deceased, I will immediately amend my inventory. I swear that the foregoing information is true and correct to the best of my knowledge. I understand that making a false statement on this Inventory will subject me to criminal penalties.

NHJB-2125-P (01/01/2014)

Page 2 of 3

Case Name:

Case Number:

INVENTORY OF FIDUCIARY

I certify that on this date I provided this document(s) to the parties who have filed an appearance for

this case or who are otherwise interested parties by:

Hand-delivery OR

US Mail OR

Email (E-mail only by prior agreement of the parties based on Circuit Court Administrative Order).

 

 

 

 

Date

Fiduciary Signature

 

 

 

 

 

Date

Fiduciary Signature

 

ATTENTION BENEFICIALLY INTERESTED PARTIES

This Inventory may be accepted by the Probate Division unless a written objection, containing the specific factual or legal basis for the objection, is filed within 10 days after the date the Inventory is filed in the Probate Division. Failure to file an objection may forfeit your right to a hearing concerning the Inventory or your objection, and the Probate Division may then act without a hearing or any further notice to you.

NHJB-2125-P (01/01/2014)

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Discover More on This Form

What is the purpose of the NHJB 2125 P form?

The NHJB 2125 P form serves as an inventory of fiduciary assets in the context of probate proceedings. This document is crucial for detailing the assets of a deceased person's estate, which may include real estate, personal property, and financial accounts. By providing a comprehensive overview of the estate's value, the form ensures transparency and accountability for the fiduciary, whether they are an executor, administrator, guardian, conservator, or trustee.

Who needs to fill out the NHJB 2125 P form?

What information is required on the NHJB 2125 P form?

The form requires detailed information about the fiduciary, including their name and the name of the attorney representing them. Additionally, it asks for the bond amount ordered by the court, if applicable. The inventory section must include a summary of the estate's total value, broken down into real estate and personal property categories. Each category of personal property requires specific details, such as descriptions and values, which should be documented on attached sheets.

How should values be determined for the inventory?

Values should be assessed based on specific dates. For decedent estates, all values must reflect the date of death. In cases involving living individuals, values should correspond to the date when the fiduciary was appointed. Various methods can be used to determine these values, including appraisals, tax assessments, and bank statements. It is essential to check all applicable boxes on the form to indicate how the inventory values were determined.

What happens if someone disagrees with the inventory submitted?

If a party with an interest in the estate disagrees with the inventory, they have the right to file a written objection. This objection must be submitted within ten days of the inventory being filed in the Probate Division. It is important to include specific factual or legal reasons for the objection. If no objection is filed within this timeframe, the right to a hearing may be forfeited, and the Probate Division can proceed without further notice.

What are the consequences of providing false information on the form?

Providing false information on the NHJB 2125 P form can lead to serious consequences. The fiduciary must swear that the information is true to the best of their knowledge. If it is later discovered that false statements were made, the fiduciary may face criminal penalties. This underscores the importance of accuracy and honesty when completing the form, as it reflects not only on the fiduciary's integrity but also on their legal obligations.

Misconceptions

Misconceptions about the NHJB 2125 P form can lead to confusion for fiduciaries and interested parties. Here are nine common misconceptions along with clarifications:

  • It is only for deceased estates. The NHJB 2125 P form can also be used for guardianship or conservatorship cases, not just for deceased estates.
  • Fiduciaries can skip listing personal property. Every item of personal property must be accounted for, including cash, vehicles, and business assets.
  • Attachments are optional. Attachments are necessary for detailing specific items and their values. Failing to include them can lead to incomplete submissions.
  • The total value of the estate must be accurate as of the filing date. For decedent estates, values should reflect the date of death. For other cases, they should reflect the date of the fiduciary's appointment.
  • Fiduciaries can provide estimates for values. The form requires actual values, not estimates. Accurate valuations are crucial for compliance.
  • Fiduciaries do not need to disclose the method of valuation. The form requires fiduciaries to indicate how they determined the inventory value, such as through appraisals or bank statements.
  • Fiduciaries can amend the inventory without limitations. Amendments are allowed, but fiduciaries must disclose any additional knowledge or possession of estate assets immediately.
  • There are no consequences for inaccuracies. Providing false information can lead to criminal penalties. Fiduciaries must ensure all information is true and correct.
  • Interested parties have unlimited time to object to the inventory. Objections must be filed within 10 days after the inventory is submitted. Failure to do so may forfeit the right to a hearing.

Similar forms

  • Probate Inventory Form: Similar to the NHJB 2125 P form, a probate inventory form provides a detailed list of a deceased person's assets. It outlines the value of real and personal property, ensuring transparency in the distribution of the estate.
  • IRS W-9 Form: This essential document is used to provide taxpayer identification numbers for income reporting. Understanding how to accurately fill out the smarttemplates.net can help prevent issues during tax season.
  • Estate Tax Return: This document is required for estates exceeding a certain value. Like the NHJB 2125 P form, it requires a comprehensive listing of assets and their values, which are used to calculate any taxes owed to the state or federal government.
  • Trust Inventory Report: When a trust is established, a trust inventory report is often created. This report, similar to the NHJB 2125 P form, details the assets held in trust and their respective values, ensuring that beneficiaries are informed about the trust's holdings.
  • Financial Disclosure Statement: This document is used in various legal proceedings to disclose financial information. It shares similarities with the NHJB 2125 P form by requiring a detailed account of assets and liabilities, providing a clear financial picture.
  • Affidavit of Heirship: In cases where a formal probate is not necessary, an affidavit of heirship may be used to establish the heirs of a deceased person. This document, like the NHJB 2125 P form, includes information about the deceased's assets, ensuring that heirs can claim their rightful share.