Mark Required Fields In Legal Arizona Small Estates Forms For Free

In the state of Arizona, probate is only required if the decedent has any assets that did not transfer automatically upon their death. These assets tend to be titled individually in the decedent's name and will require a probate court to transfer the title of ownership to the intended beneficiary.

If the value of all personal property in an estate does not exceed $75,000, a person claiming the right to personal property may submit an affidavit 30 days or more after the date of death. The dollar limitation applies to the value of all personal property of the decedent, regardless of the location of the property.

An Arizona small estate affidavit is a legal document that can be used to transfer assets from the estate of the decedent without going through the probate process.

Under current Arizona law, small estates are defined as those in which the deceased owned less than $100,000 in real estate equity or less than $75,000 worth of personal property. For estates over this size, probate is typically required, and those estates will not be eligible for the small estate affidavit process.

A small estate affidavit may be sought to transfer an estate without going through a formal or informal probate process, which appoints an executor to administer the estate, but only under the following circumstances: If the value of all personal property (bank accounts, vehicles, tangible personal property, etc.)

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.