Maricopa Arizona Notice of Substitution of Trustee is an important legal document used in the state of Arizona to notify involved parties of a change in trustee for a trust. This notice is primarily used within the context of real estate transactions, particularly when a property is encumbered by a deed of trust. In the state of Arizona, there are two main types of Maricopa Arizona Notice of Substitution of Trustee: 1. Voluntary Substitution: A voluntary substitution occurs when the current trustee of a trust willingly steps down from their position and appoints a new trustee to take over their responsibilities. This type of substitution generally occurs when a trustee's term ends, they resign, or in situations where a trustee wants to hand over the responsibility to someone else. The Notice of Substitution of Trustee document provides important details about the successor trustee, such as their name, address, and contact information. 2. Involuntary Substitution: In some cases, a substitution of trustee occurs without the consent of the current trustee. This typically happens when the current trustee is unable or unwilling to perform their duties, becomes incapacitated, or is no longer eligible to serve as a trustee. In such situations, a court order or legal action may initiate the substitution. The Maricopa Arizona Notice of Substitution of Trustee for involuntary substitution would outline the reasons for the change and provide information about the newly appointed trustee. The content within a Maricopa Arizona Notice of Substitution of Trustee typically includes essential details such as: 1. Heading: The document generally starts with a clear and concise heading stating "Maricopa Arizona Notice of Substitution of Trustee." 2. Parties Involved: The notice will identify the current trustee, the successor trustee, and any applicable beneficiaries or interested parties within the trust. 3. Description of Trust: A brief summary of the trust, including its name, creation date, and any other relevant information to provide context. 4. Reason for Substitution: The notice should specify the reason for the substitution, whether voluntary or involuntary, providing a clear explanation as to why this change is necessary. 5. Successor Trustee Information: Detailed information regarding the newly appointed trustee is included, such as their full legal name, contact details, and address. 6. Effective Date: The notice should clearly state the effective date of the substitution, specifying when the new trustee officially assumes their responsibilities. 7. Signatures: The document should be signed by both the current trustee and the successor trustee to acknowledge their agreement and acceptance of their respective roles. By utilizing appropriate keywords like "Maricopa Arizona," "Notice of Substitution of Trustee," "voluntary substitution," "involuntary substitution," "trustee," "real estate," "deed of trust," and including relevant details, this comprehensive description provides a helpful overview of the Maricopa Arizona Notice of Substitution of Trustee.
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Filing a Will or Probate Case If you do not have the original will, you must file a Formal Probate. The Probate Filing Counter is located at 201 W. Jefferson in Phoenix, or at our Southeast location, 222 E. Javelina in Mesa, or at our Northwest Regional Court Center location at 14264 W.
You can make an application to remove an Executor either before a Grant of Probate has been issued or after. Generally, if such an application is made after the issue of a Grant of Probate, it would be made to the High Court under Section 50 of the Administration of Justice Act 1985.
The first step is to file the will and a petition for probate with the county court where the deceased person lived or where they had property if they lived out of state. A personal representative is appointed by the court, which is usually the person named in the will.
Is a Will Public Record in Arizona? Wait for a call from the estate's executor. If the will is in probate, visit the county probate court, or county clerk's office. Try looking up the case online via the state's public access case-lookup system.
Over 18 years of age and ? The surviving spouse of the decedent, ? An adult child of the decedent, ? A parent of the decedent, ? A brother or sister of the decedent, ? A person entitled to property of the decedent, ? A person who was named as personal representative by will, or ? You are a creditor and 45 days have
Who may remove a trustee under Arizona law? Under A.R.S. § 14-10706(A), the trust maker, a co-trustee, or a trust beneficiary may request that the Court remove a trustee. A Court may also remove a trustee on its own initiative.
A person interested in the estate may petition for removal of a personal representative for cause at any time. Once the petition is filed the court will set a time and place for a hearing. Notice shall be given by the petitioner to the personal representative, and to other persons as the court may order.
The new Arizona Trust Code requires the trustee to provide to the trust's beneficiaries an annual report of trust property, including trust liabilities, receipts, disbursements, a list of trust assets and, if feasible, the fair market value of the trust assets.
The answer is yes, it's perfectly normal (and perfectly legal) to name the same person as an executor and a beneficiary in your will.
Compensation for an Arizona Personal Representative Generally personal representatives receive reasonable compensation paid at $25 to $50 per hour.
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Article 4Proceedings for Removal of Trustee or Administrator. Chapter 3: Notice; form for notice and hearing. Notice is provided in a manner the court finds adequate, and the parties and counsel may file and serve a complaint for removal of the trustee or administrator to court. Chapter 3Proceedings and Proceedings For Removal of Trustee or Administrator. Article 4Proceedings, notice and hearing. Article 5Proceedings and Proceeding For Removal of Trustee or Administrator. 14-1011. Notice for removal of a former trustee or administrator. â–« Notice in person to the court clerk. â–« Notice in writing to the trustee or administrator. Notice is provided in a manner the court finds adequate, including a notice required pursuant to article 4 or 4A. â–« Notice in writing may be given. â–« A letter or a document sent to a trustee or administrator. â–« A request for a hearing and response.
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