What Types of Assets Can Avoid Probate in Arizona?

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 enable [...]

What’s the Difference Between a Trust and Probate in Arizona?

Key TakeawaysUnderstanding the differences between trusts and probate in Arizona is essential for effective estate planning, as each process has distinct legal requirements, timelines, and impacts on privacy and control.Trusts are generally more flexible, private, and efficient in asset distribution, making them preferable for those with complicated family situations, large estates, or privacy concerns.Probate may [...]