Arizona Instrument or Deed of Distribution

State:
Arizona
Control #:
AZ-MH-PB-72
Format:
PDF
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Description

Instrument or Deed of Distribution An Arizona Instrument or Deed of Distribution is a legal document used to distribute property rights in the state of Arizona. It is typically used when a deceased person leaves behind assets and those assets need to be divided among his or her heirs. The Instrument or Deed of Distribution outlines the terms of the distribution and assigns ownership of the assets to the rightful heirs. There are two common types of Arizona Instrument or Deed of Distribution: a Small Estate Affidavit and an Affidavit of Personal Representative. A Small Estate Affidavit is used when the value of the deceased’s assets is less than $75,000, and is used to transfer ownership of the assets without going through the court system. An Affidavit of Personal Representative is used when the value of the assets is more than $75,000, and requires the appointment of a Personal Representative to manage the distribution of the assets.

An Arizona Instrument or Deed of Distribution is a legal document used to distribute property rights in the state of Arizona. It is typically used when a deceased person leaves behind assets and those assets need to be divided among his or her heirs. The Instrument or Deed of Distribution outlines the terms of the distribution and assigns ownership of the assets to the rightful heirs. There are two common types of Arizona Instrument or Deed of Distribution: a Small Estate Affidavit and an Affidavit of Personal Representative. A Small Estate Affidavit is used when the value of the deceased’s assets is less than $75,000, and is used to transfer ownership of the assets without going through the court system. An Affidavit of Personal Representative is used when the value of the assets is more than $75,000, and requires the appointment of a Personal Representative to manage the distribution of the assets.

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Arizona Instrument or Deed of Distribution