Create Legal Rhode Island Small Estates Forms For Free

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).

What Are Rhode Island's Small Estate Laws? If a person dies with less than $15,000 of personal property, probate may be shortened under the "small estate" provision.

When a person dies all property owned by him or her at death which does not pass directly to others through right of survivorship, or through a trust established prior to death, or life insurance payable to a named beneficiary, is subject to the legal proceeding called "probate." The only exceptions are the small ...

A Rhode Island small estate affidavit is a form that can be used to speed the distribution of assets in certain estates. Any estate that is valued at less than $15,000 is considered a small estate. This helps avoid the long and costly process of traditional probate.

You can use the simplified probate process in Rhode Island if: the value of property that would be subject to probate (not counting tangible personal property) doesn't exceed $15,000. no petition for letters of administration or letters testamentary has been filed, and. 30 days have elapsed since the death.

Yes. You can make your own will in Rhode Island and do not need an attorney if you have a simple estate and know your wishes. Because a will is a legal document, it's important to create it correctly, conforming with state law.