Let $R$ be a Noetherian ring and let $M$ be an $R$-module in which every element is annihilated by a power of a maximal ideal $m$. Is there a natural way to define a structure of $R_m$-module on $M$?
This question arises from my try proving the functorial isomorphism (in the category of $R$-modules) $H_m^i(\_)\simeq H_{m_m}^i(R_m\otimes_R\_)$ where each functor represents the $i$-th local cohomology. Initially I can prove that $R_m\otimes H_m^i(\_)\simeq H_{m_m}^i(R_m\otimes_R\_)$. I also know that the local cohomology module $H_m^i(M)$ satisfies the hypothesis in my question above, so perhaps it would induce a structure of $R_m$-module on the local cohomology and we are done.
Thank you for any help.
There are lot of different ways to understand your question. Here's one approach which proceeds from elementary principles:
Proof: We claim $M \cong M_{\mathfrak{m}}$ as $R$-modules. First let's note the following: Let $s \in R-\mathfrak{m}$. If $m \in M-\{0\}$, then $\operatorname{Ann}_R(m)$ is $\mathfrak{m}$-primary ideal of $R$, and $mR \cong R/\operatorname{Ann}_R(m)$. But $R/\operatorname{Ann}_R(m)$ is a local ring whose maximal ideal is the image of $\mathfrak{m}$, and so multiplication by any $s$ outside of $\mathfrak{m}$ gives an automorphism on $mR$. In particular, it gives an automorphism on $M$. Let $s_M$ denote the multiplication map defined by $s$ on $M$.
With this idea in mind, the natural map to define is $\phi: M_{\mathfrak{m}} \to M$ by $\dfrac{m}{s} \mapsto s_M^{-1}m$. We easily check this map is $R$-linear. We need to show this map is well-defined and injective; it's clear that it will be surjective, since we can always take $s=1$.
Well-definedness: Suppose $\dfrac{m}{s}=\dfrac{m'}{s'}$. Then there exists a $u \in R-\mathfrak{m}$ such that $u(s'm-sm')=0$. If $s'm-sm' \ne 0$, then, by assumption, we would have $\operatorname{Ann}_R(s'm-sm') \subseteq \mathfrak{m}$, which is not the case. So $s'm=sm'$ which gives $s_M^{-1}m=(s'_M)^{-1}m'$. Thus $\phi$ is well-defined.
Injectivity: If $\dfrac{m}{s} \in \ker \phi$, then $s_M^{-1}m=0$, but $s_M^{-1}$ is injective, so $m=0$.
Thus $\phi$ is an isomorphism.