Rhode Island Bond for Sale - Mortgage of Real Estate of Deceased Person

In Rhode Island, you can make a living trust to avoid probate for virtually any asset you ownreal 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).

Retirement accountsIRAs or 401(k)s, for examplefor which a beneficiary was named. Life insurance proceeds (unless the estate is named as beneficiary, which is rare) Property held in a living trust. Funds in a payable-on-death (POD) bank account.

If you die without a will in Rhode Island, your children will receive an intestate share of your property.For children to inherit from you under the laws of intestacy, the state of Rhode Island must consider them your children, legally.

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.

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.

Joint tenancy with right of survivorship. Property owned in joint tenancy automatically passes, without probate, to the surviving owner(s) when one owner dies. Tenancy by the entirety. Community property with right of survivorship.

For an Estate valued at less than $100,000 no filing fee is payable. For an Estate valued between $100,000 and $250,000 the filing fee is $761. For an Estate valued between $250,000 and $500,000 the filing fee is $1,033. For an Estate valued between $500,000 and $1 million the filing fee is $1,583.