Rhode Island Release and Exoneration of Executor on Distribution to Beneficiary of Will and Waiver of Citation of Final Settlement

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Multi-State
Control #:
US-03366BG
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Word; 
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Description

Most states have a statute that requires something to the effect that upon the filing of an account for final settlement by the executor of the estate of a decedent, a citation is required to be filed containing a statement that such final account has been filed, the time and place when it will be considered by the court, and a statement requiring interested persons that are cited to appear and contest the same if they see proper.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Probate is required in Rhode Island for most estates, though some estates may be able to avoid it depending on the estate's value, the will and a few other factors. Several assets almost always must enter probate, including: Real estate. Assets with tenants in common.

In Rhode Island, executor fees are not explicitly stipulated by statute. Instead, the state allows for "reasonable" compensation, which is determined on a case-by-case basis. This ambiguity can be both a benefit and a drawback, depending on the complexity of the estate and the amount of work required by the executor.

In Rhode Island, how long probate takes can vary significantly depending on a host of factors such as the complexity of the estate, whether there's a will, and the efficiency of the executor or administrator. On average, probate in Rhode Island may take anywhere from several months to over a year.

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.

A will usually names a personal representative referred to as an executor to manage the estate's assets. If there is no will, then the court will appoint a personal representative called an administrator.

Seeking Legal Recourse If you believe that the executor is not living up to their duties, you have two legal options: petition the court or file a civil lawsuit.

It depends. A summary probate proceeding could take as little as four months. In many states, a typical probate and estate administration process may take up to two years. The probate process can take years to settle in an estate with contested issues or lawsuits.

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Rhode Island Release and Exoneration of Executor on Distribution to Beneficiary of Will and Waiver of Citation of Final Settlement