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Is probate required in Arizona for small estates?
Probate is required in Arizona unless the decedent has a trust or listed beneficiaries for all assets. There is one exception to this rule, which is for estates with personal property valued at less than $75,000 and real property under $100,000. In this case, it is known as a small estate.
How are probate attorney fees determined in Arizona?
The courts will determine a reasonable fee for the executor or personal representative based on the Arizona Rules of Probate Procedure. This takes into account general factors for compensation and fee guidelines. Each case is determined individually based on circumstances along with consistent guidelines for compensation.
Can an executor of an estate in Arizona be compensated?
Can an Executor of an Estate in Arizona Be Compensated? According to Arizona probate laws, the executor or personal representative of an estate is entitled to compensation for their services. Rule 32 states that the order which appoints someone to act as a representative must include any applicable terms for compensation.
How long do creditors have to claim on an estate in Arizona?
The creditors have up to four months to make a claim against the estate. However, known creditors who received a mailed notice have up to 60 days from the date of the notice to make a claim even if it goes beyond the four months. Do All Estates Have to Go Through Probate in Arizona?
What is informal probate in Arizona?
In the state of Arizona, most probate cases are considered “ informal .” With informal probate, the estate’s personal representative (also known as the executor) is authorized to probate the estate without court supervision.
What court handles the probate process in Arizona?
The court that will handle the probate process for an estate is the county court where the deceased person lived. If they lived in another state, it will be the county where their property was located. Arizona has its own set of laws governing probate in the state.
How long does it take to probate a will in Arizona?
The timeline for probate can vary in Arizona based on the size of the estate and any disputes over the will. It can take months or even years in some cases. The minimum time is around five months.