Is probate always necessary for estates in Arizona? If you have a small estate, Arizona law allows you to bypass probate if the assets are under specified thresholds. For personal property, it has to be under $75,000 in total value, and for real estate, under $100,000. If the assets are held in joint [...]
About what assets can avoid probate in Arizona. Assets that can avoid probate in Arizona include joint tenancy, community property with right of survivorship, payable-on-death accounts, transfer-on-death registrations, and living trusts. You can bypass probate for life insurance policies and retirement accounts with designated beneficiaries, and small estates within specific value thresholds. These alternatives [...]
Key Takeaways Arizona law does recognize handwritten wills if they satisfy stringent requirements like the provision of material provisions in clear terms, the testator’s handwriting, and a valid signature. You don’t need witnesses for an Arizona handwritten will, which simplifies the process but makes your clear, unambiguous language and your strong evidence of your [...]
Key Takeaways If you die without a will in Arizona, your property is distributed according to a strict legal order, often prioritizing spouses, children, parents, and then siblings, which may not align with your wishes. Probate has to come in and settle your estate, and it can be long and expensive, eating into what [...]
Key Takeaways Here’s how you can build a comprehensive estate plan in Arizona — starting with a will, revocable trust, power of attorney, healthcare directives, and regular updates to reflect life changes. Be mindful of Arizona’s estate planning laws and probate system updates, since fresh legislation or rules could impact the distribution of your [...]