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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 last will and testament?also simply called a will?communicates a person's last wishes for the time after his death. However, Rhode Island law allows for certain parties to dispute the legality of the document with proper grounds, and this is called contesting a will.
If you are in possession of a will of a deceased person, you must either file it with the appropriate court or deliver it to the person named in the will as executor, as under Rhode Island law the will is to be filed within 30 days after death.
The cost of creating a will in Rhode Island can range from roughly $250 to $1000. A Rhode Island trust typically costs anywhere between $900 and $3,450. At Snug, any member can create a Power of Attorney and Health Care Directive for free.
The length of time an executor has to settle an estate in Rhode Island can vary significantly, usually ranging from several months to over a year, depending on factors such as the size and complexity of the estate, the clarity of the will, and whether or not the probate process is contested.
Spouses and children have primary inheritance rights under Rhode Island intestate succession laws. There are even rules that allow a spouse a life estate in any real property owned solely by the deceased to protect their living arrangements while preserving its long-term ownership for the children in the family.
Signature: The will must be signed by the testator or by someone else in the testator's name in his presence, by his express direction. Witnesses: A Rhode Island will must be signed by at least two individuals present at the same time who subscribe to the will in the presence of the testator.