A Rhode Island Affidavit — Complete Administration is a legal document used to administer an estate when a person dies without a will. The affidavit is filed with the probate court, and it is used to appoint a personal representative who will be responsible for managing the estate. The affidavit must be signed by two witnesses and notarized. There are two types of Rhode Island Affidavit — Complete Administration: Small Estate and Regular Administration. Small Estate Affidavits are used when the deceased person's assets are worth less than $15,000. Regular Administration Affidavits are used when the assets are worth more than $15,000.
Rhode Island Affidavit - Complete Administration
State:
Rhode Island
Control #:
RI-SKU-0407
Format:
PDF
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Affidavit - Complete Administration
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FAQ
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).
The executor may have to sell some assets to pay the debts if there aren't enough liquid assets. The remaining assets must have titles transferred to the new owners and other assets distributed. The executor must provide an accounting of all activities to the court.
Rhode Island probate follows this general flow: contact the court, get appointed as personal representative, submit will if it exists, inventory and submit valuations of all relevant assets, have the court and beneficiaries approve it, and then distribute the assets to beneficiaries.
How long does probate take? An estate must be opened for at least six months, because Rhode Island law gives creditors that period of time to file their claims with an estate. The filing of state and possibly federal death tax returns are required and are due no later than nine months after the date of death.
Any beneficiary of an estate is entitled to an accounting from the executor or administrator of the estate. This is true whenever assets pass through Surrogate's Court.
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.
Can Beneficiaries Demand to See Deceased Bank Statements? No, generally, beneficiaries cannot demand to see the decedent's bank statements unless they are also a personal representative of the estate. However, it is within the executor's discretion to share bank statements with beneficiaries upon request.