Complete Legal Rhode Island Organizing Personal Assets Forms For Free

Common exemptions Rhode Island imposes a 7 percent sales tax on the sale of most tangible items. However, the state offers exemptions on a range of goods and services, as well as for certain organizations and types of sales. Common exempt goods include clothing and footwear, food, and medical items.

A Rhode Island durable statutory power of attorney form is used to transfer authority over financial acts from one person (?principal?) to someone else (?agent?). The principal can choose more than one agent to act on their behalf and select to have them work jointly or severally.

In Rhode Island, you can make a living trust to avoid probate for virtually any asset you own?real estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

A Brief Summary of Rhode Island Durable Power of Attorney Law. As with most other states, Rhode Island statute allows the patient's appointed health care agent (named in the durable power of attorney) to refuse any procedure that prolongs the dying process.

In Rhode Island, you must specify on the form that the power is durable. If you do not, the form will lose effect if you become incapacitated, which defeats its purpose in some cases. Rhode Island requires that two witnesses or a notary public sign your form.

A Rhode Island Power of Attorney (PoA) is a legal document that gives a selected individual or entity permission to handle legal matters on your behalf, such as buying or selling property, signing contracts, and accessing bank accounts.