Living Trust Property Record - Rhode Island: Fill out & sign online

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Click ‘Get Form’ to open the Living Trust Property Record in the editor.
Begin by entering the name of the trust in the designated field at the top of the form. This identifies which revocable trust you are documenting.
In the 'Description of Property' section, provide a detailed description of each property held in the trust. Be specific to ensure clarity.
Fill in the 'Date Acquired by Trust' field with the date when each property was transferred into the trust. This is crucial for record-keeping.
Next, indicate the 'Value' of each property at the time it was acquired. This helps in assessing overall trust value.
If applicable, enter any relevant 'Date Sold or Transferred' information for properties that have been sold or moved out of the trust.
Finally, use the 'Notes' section for any additional comments or important details regarding each property.

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How long does a lien last in Rhode Island?

RHODE ISLAND A lien executed against real property is deemed discharged after twenty years from the date of the judgment. R.I. Gen. Laws 9-26-33.

What is a living trust in Rhode Island?

When you are working on estate planning, a revocable living trust (sometimes called an inter vivos trust) might be an option to consider. A Rhode Island living trust provides you with control over your assets, flexibility in their use, and privacy.

How to find the contents of a trust?

4 Common Places Trust Documents are Found Estate planning attorney and accountant. Safety deposit boxes or safes. Close relatives or friends of the decedent. The decedents home, office, and storage units.

What is the downside of a living trust?

Individuals may find it challenging to keep up with the constant updates and changes required, leading to potential confusion and complications down the line. Another aspect that draws complaints is the impact of transfer taxes and the need for refinancing when assets are transferred into a living trust.

Can someone put a lien on your property without you knowing?

In most cases, a creditor, contractor, or government agency is required to notify a property owner before and when they file a lien on the property. However, it is possible that they unknowingly send the notice to an outdated mailing address, or the filing is somehow overlooked.