What steps are required to locate, inventory, and distribute estate assets and settle debts in Rhode Island?

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Detailed Answer

When a Rhode Island resident passes away, probate begins by filing a petition in the Superior Court (Surrogate Division) in the county where the decedent lived. If you find a will, file a petition for probate under RIGL §33-15-1. If there’s no will, petition for letters of administration under RIGL §33-9-1.

Next, the court appoints a personal representative (executor or administrator). The representative must notify known creditors by mail and publish a notice in a local paper per RIGL §33-9-13. Creditors have six months to file claims.

Within three months of appointment, the representative must file a detailed inventory of all assets (bank accounts, real estate, stocks, personal property) as required by RIGL §33-9-18. Arrange appraisals if needed.

After inventory, the representative pays valid debts, taxes, and administrative expenses in the order set by law (RIGL §33-9-16).

Finally, the representative prepares a final account and petition for distribution under RIGL §33-9-25. The court reviews and approves. If there’s a will, assets pass to beneficiaries per its terms. Without a will, the estate distributes under Rhode Island’s intestacy rules (RIGL §33-15-7).

Helpful Hints

  • Keep detailed records of all communications and transactions.
  • Hire a licensed appraiser for real estate and valuable items.
  • Communicate with beneficiaries to manage expectations.
  • File tax returns and IRS Form 706 if the estate exceeds federal thresholds.
  • Consider professional guidance for complex assets like business interests.

Disclaimer: This article is for informational purposes only and does not constitute legal advice.

The information on this site is for general informational purposes only, may be outdated, and is not legal advice; do not rely on it without consulting your own attorney. See full disclaimer.