A revocable living trust is a valuable estate planning tool that may help you achieve important personal and financial goals for yourself and your family. However, a living trust is not necessarily the best or right choice for all estate plans. Discussing your circumstances and goals with an experienced Arizona estate planning attorney is the only…
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For many people, an important goal of creating an estate plan is to avoid probate of their estate. A living trust is often an excellent way to accomplish that goal. But in Arizona, there are also other ways to avoid the probate process. This article explains the available options for avoiding probate of property in an Arizona estate, as well as the…
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Arizona statutes provide for a simplified affidavit process for small estates with real property or personal property valued below specific amounts. An heir or devisee of property may be able to use the affidavit procedure to claim estate assets without going through the probate process. However, the affidavit process has specific requirements and…
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Many people with legal residence outside the United States own real estate and other assets in Arizona and spend part of the year here. Regardless of whether the Arizona connection is for residential or business reasons, all non-U.S. citizens need to be attentive to estate planning issues that arise from property ownership in the state. At Peterson…
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In our probate and estate planning practice at Peterson Law Offices, PLLC, clients often ask whether every Arizona estate must go through probate. The simple answer is “no,” every estate does not go through probate. But Arizona law requires many estates to go through a probate process. And — to make an important distinction — every estate d…
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The personal representative for an Arizona estate is the individual who handles probate administration of the estate of a decedent. If your loved one was an Arizona resident when he or she passed away, state law determines who qualifies to serve as the personal representative of your loved one’s Arizona estate. Who Chooses the Personal Representa…
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When a person passes away, Arizona law may require that the estate of the deceased person go through a process called probate or probate administration. Those terms refer to the legal process necessary to distribute the deceased individual’s property to the beneficiaries and heirs. Arizona probate administration involves completion of specific st…
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