New Hampshire § 562-A:6 Protection of Payors and Other Third Parties

New Hampshire Statutes

§ 562-A:6 — Protection of Payors and Other Third Parties

New Hampshire·Title LVI PROBATE COURTS AND DECEDENTS' ESTATES·Ch. 562-A EFFECT OF MURDER ON INTESTATE SUCCESSION, WILLS, JOINT ASSETS, LIFE INSURANCE, AND BENEFICIARY DESIGNATIONS

I.A payor or other third party is not liable for having made a payment or transferred an item of property or any other benefit to a beneficiary designated in a governing instrument affected by a murder or for having taken any other action if that payment, transfer, or other action is made in good faith reliance on the validity of the governing instrument, upon request and satisfactory proof of the decedent's death, before the payor or other third party received written notice of a claimed forfeiture or revocation under this chapter. A payor or other third party is liable for a payment or transfer made or other action taken after the payor or other third party received written notice of a claimed forfeiture or revocation under this chapter.

II.Written notice of a claimed forfeiture or rev

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I. A payor or other third party is not liable for having made a payment or transferred an item of property or any other benefit to a beneficiary designated in a governing instrument affected by a murder or for having taken any other action if that payment, transfer, or other action is made in good faith reliance on the validity of the governing instrument, upon request and satisfactory proof of the decedent's death, before the payor or other third party received written notice of a claimed forfeiture or revocation under this chapter. A payor or other third party is liable for a payment or transfer made or other action taken after the payor or other third party received written notice of a claimed forfeiture or revocation under this chapter.
II. Written notice of a claimed forfeiture or revocation under paragraph I must be mailed to the payor's or other third party's main office or home by registered or certified mail, return receipt requested, or served upon the payor or other third party in the same manner as a summons in a civil action. Upon receipt of written notice of a claimed forfeiture or revocation under this chapter, a payor or other third party may pay any amount owed or transfer or deposit any item of property held by the payor or other third party to or with the court having jurisdiction of the probate proceedings relating to the decedent's estate or, if no proceedings have been commenced, to or with the court having jurisdiction of probate proceedings relating to decedents' estates located in the county of the decedent's residence. The court shall hold the funds or item of property and, upon its determination under this chapter, shall order disbursement in accordance with the determination. Payments, transfers, or deposits made to or with the court discharge the payor or other third party from all claims for the value of amounts paid to or items of property transferred to or deposited with the court.

New Hampshire § 562-A:6 (Protection of Payors and Other Third Parties) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.