Arizona allows those without proper estate planning to avoid probate if the estate is small. A small estate is one that consists of less than $100,000 in real estate value or less than $75,000 in personal property. For example, small estate administration generally applies if the deceased owned real estate valued at less than $100,000 after taking into account any mortgage or debt on the property or less than $75,000 in cash.
If the estate qualifies for small estate administration, the personal representative or living heir need only to complete an Affidavit for Collection of All Personal Property and an Affidavit for Transfer of Title to Real Property. There are statutory time constraints associated with small estate administration. However, it is not cost prohibitive to take ownership of assets through the small estate process.
If you are personally entitled to the personal or real property that belonged to the deceased and you have a legal right to collect the property, contact Kierman Law to determine if small estate administration can help you.
Let us help
Contact our firm today for more information!
Get In Touch
Let us know how we can help you plan for the future.