Send Documents Legal Rhode Island Organizing Personal Assets Forms For Free

Someone must step forward to petition the probate court to become the Guardian for the individual. The individual and their family must be notified of the petition by the court. A guardian-ad-litum will meet with the individual to assess what the individual may want and what may be in the persons best interest.

A permanent guardianship is intended to last until the minor reaches age 18 and to provide permanency for the minor without terminating the parental rights of the parents.

Create living trusts In a living trust, the trust is the owner of the assets and not you. Thereby, assets in the trust can skip probate. This is often the best choice for a large estate or if there are many beneficiaries. Another advantage of living trusts is that they ensure privacy, unlike creating a will.

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 (similar to a will), naming someone to take over as trustee after your death (called a "successor trustee").

Any Rhode Island estate larger than $15,000 is subject to probate regardless of whether the deceased had a will. The probate process verifies who will control and inherit assets from the estate. If the decedent died intestate, the assets will go to the next of kin — the closest surviving blood relatives.

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

Someone must step forward to petition the probate court to become the Guardian for the individual. The individual and their family must be notified of the petition by the court. A guardian-ad-litum will meet with the individual to assess what the individual may want and what may be in the persons best interest.

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 (similar to a will), naming someone to take over as trustee after your death (called a "successor trustee").

First and foremost, there are a number of asset types that typically do not pass through probate. This includes life insurance policies, bank accounts, and investment or retirement accounts that require you to name a beneficiary.