• (480) 467-4365

Library

Establishing a Living Trust is the Best Way to Leave Property Upon Death

In 2017, over 45,000 people died and left their loved ones with the troubling process of distributing their property and assets. Some of those who passed away were lucky enough to have already gone through estate planning and had their affairs in order before they passed, many were not prepared. Even though it is a tough conversation to have and…

Read More

How Ancillary Probate Works in Arizona

Ancillary probate is an additional probate process that is required when the deceased owns property or assets in multiple states upon time of death. It is important to note that the ancillary probate laws that apply to real estate property depend on where the estate is located, not where the state where the deceased person died. The most common reason…

Read More

Creditors Can Sue an Arizona Estate to Recover Unpaid Bills

Most people have some kind of debt, whether it’s from a credit card, a car loan, or a mortgage. When someone passes on, their estate must pay for those debts if creditors file a claim to get their money. The personal representative (executor) must address beneficiaries’ rights and creditor claims when they administer the estate. According to Arizona law, they…

Read More

Buying Probate Property at Less Than Market Value in Arizona

Buying probate property is very different from buying traditional real estate. Probate properties typically belong to a deceased person’s estate and tend to be sold for less than market value. Since probate property is considered an asset, it must go through probate court along with other items left behind by the decedent.  While any asset from an estate (like collectibles,…

Read More

What To Do When A Loved One Dies

Make Funeral Arrangements Did your loved one already make arrangements or leave instructions?  An experienced funeral director can be very helpful and offer a variety of helpful services, including obtaining death certificates (usually between 5 and 10 are needed).   Send Out Notifications of the Death Family & Friends  Note: Failure to notify even a distant or estranged family member…

Read More

After Death Checklist Of Responsibilities

When a loved one dies, the last thing on your mind is how to settle their estate. Once you’ve taken the time to grieve, the task of handling their final affairs can be daunting, especially when it involves probate. As you navigate your way through process of closing accounts, settling liabilities and transferring assets, use this as a checklist to…

Read More

Beneficiary Deed Overrides Will

Question: Prior to her death, my mom prepared a simple will outlining her wishes to divide her property equally between me and my siblings. When I was cleaning out her drawers, however, I found a beneficiary deed that purported to give me her home upon her death. Does this mean that the house is mine? Answer: A beneficiary deed is…

Read More

Distribution of Trust Assets to Beneficiaries

In the state of Arizona, trust administration is governed by ARS Title 14 Chapter 7. Trusts are incredibly useful estate planning vehicles, but they come with a fair number of complicating factors. For most people, it’s best to draft your trust with an experienced estate planning attorney and a qualified financial advisor. Without these professionals’ assistance, transferring assets to a…

Read More

How To Transfer a Deed of House After Death

When someone passes away, all of their assets will need to legally transfer to their beneficiaries and legal heirs. Most assets can easily transfer to beneficiaries outside of probate, but transferring real estate can be tricky. The process of transferring the deed of a house will hinge on how the house is titled. The first step is usually to procure…

Read More

How to Become Executor of Estate After Death

An estate’s personal representative is the individual appointed by a probate judge to handle an estate’s affairs. Their responsibilities will include gathering the decedent’s assets, settling their liabilities, distributing remaining assets to beneficiaries, and ultimately closing the estate. If the decedent names a personal representative in their last will and testament, they’re referred to as an executor. If the decedent…

Read More
1 2 3 ... 5 Older →