Maricopa Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement

Category:
State:
Arizona
County:
Maricopa
Control #:
AZ-PB-16-IN
Format:
Word; 
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Description

An Order is an official written statement from the court commanding a certain action, and is signed by the judge. Failure to comply with the order is unlawful and may result in contempt of court charges. This document, a sample Order Approving Account of Personal Representative, Conservator or Guardian - Arizona, can be used as a model to draft an order requested for submission by the court (the court often directs a party to draft an order). Adapt the language to the facts and circumstances of your case. Available for download now in standard format(s).

The Maricopa Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement is a legal document used in the probate process. This petition is typically filed by the personal representative of an estate or an individual responsible for handling the financial affairs of a deceased person. It is used to request the court's approval of the final accounting and distribution of assets to the beneficiaries or heirs of the estate. The purpose of this petition is to provide a detailed breakdown of the financial transactions and expenses incurred throughout the probate administration. It outlines the assets owned by the decedent, debts and liabilities paid, expenses related to the estate administration, as well as the fees and compensation sought by the personal representative or their attorney. The Maricopa Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement should include the following information: 1. Identifying Information: This section includes the name of the probate court, the estate’s case number, the full legal name of the decedent, and the name of the personal representative seeking approval. 2. Summary of Assets: The petitioner must provide a comprehensive list of all assets owned by the decedent, including real estate, bank accounts, investment accounts, stocks, and bonds. Each asset should be described in detail, including its estimated value at the time of the decedent's death. 3. Outstanding Debts and Liabilities: This section should outline any outstanding debts or liabilities owed by the decedent. It should include mortgages, loans, credit card debt, taxes, and any other financial obligations. The petitioner should provide supporting documentation for each debt listed. 4. Administration Expenses: The petitioner must detail all expenses incurred during the probate process, such as court fees, attorney fees, appraisal fees, accounting fees, and any other costs associated with the estate administration. Each expense should be supported by receipts or invoices. 5. Proposed Distribution to Beneficiaries: This section outlines the proposed distribution plan for the estate's assets. The petitioner should specify how the remaining assets will be distributed among the beneficiaries or heirs, in accordance with the decedent's will or Arizona intestate succession laws. 6. Fee Statement: If the petitioner is seeking compensation for their services as a personal representative or their attorney is seeking fees, a detailed fee statement must be included. This statement should clearly indicate the amount of compensation requested, the hourly rate (if applicable), and the total hours worked. Different types of Maricopa Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement may also include variations such as "Supplemental Petition for Approving of Final Accounting" if there are additional assets or changes to the initial accounting report. Additionally, a "Petition for Partial Approval of Final Accounting" might be used when the personal representative wishes to distribute a portion of the estate's assets before the final accounting is approved. It is crucial to consult with an experienced probate attorney or legal professional familiar with Arizona's laws and requirements to ensure the accurate preparation and filing of this petition.

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How to fill out Maricopa Arizona Petition For Approving Of Final Accounting Of Personal Representative Or Fee Statement?

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FAQ

How Long Do You Have to File Probate After Death in Arizona? According to Arizona law (ARS14-3108), the executor of an estate has two years from the date of death to file probate. This timeframe can be extended under certain circumstances, such as if the deceased left behind minor children.

How Long Does Probate Take in Arizona. According to Arizona law, probate proceedings must be kept open for at least 4 months to allow any creditors to make their claims. Informal probates typically last between 6-8 months, depending on how quickly the Personal Representative completes their required duties.

Probate is a court procedure that determines how a deceased person's (a decedent) estate will be administered. This process identifies and inventories the decedent's assets and debts, pays the applicable taxes and debts, and then distributes the remainder to any beneficiaries named in a Will or to the surviving heirs.

As long as there aren't any contests to the will or objections to the executor's actions, the executor will be allowed to settle the estate at the conclusion of the four-month waiting period. That means an executor who is on top of their responsibilities could theoretically wrap up probate in as little as four months.

Informal probate is only an option when a valid will has not been challenged. In informal probate, there is minimal court supervision and no court proceeding. Rather a court officer, known as a Registrar, can act without a hearing to validate the will, appoint a personal representative, and close the estate.

Informal probates typically last between 6-8 months, depending on how quickly the Personal Representative completes their required duties. Formal and Supervised probates can last a year, or longer, depending on the complexity of the case.

Executors must not unreasonably delay distributing the estate for their own gain or any other party. However, even after the executor's year, the court will not order a distribution of the estate if the executors can show there is good reason to wait.

Executors' year However, many beneficiaries don't realise that executors and administrators have twelve months before they are obliged to distribute the estate to the beneficiaries. Time runs from the date of death.

A Personal Representative, or executor, has 365 days in which to administer the estate of the deceased and to distribute their assets to the Beneficiaries. As complex estates can take longer than a year to wind up, this isn't a strict deadline.

Formal probate involves a petition , a hearing or trial before a Judge or Court Commissioner who resolves the issues with a final court order . Informal Probate only requires an application, no hearing or trial, and is administered by a court official known as the Probate Registrar .

More info

Order Regarding Petition For Approval Of Final Accounting And Fee Statement Form. This is a Arizona form and can be use in Maricopa Local County.Forms 5 through 9 are considered exclusive forms and must be used in the format provided, except for good cause shown in a particular case and upon court order. Living trust assets: Assets held in a living trust are not included in the probate estate. Revised Statutes (A. In a supervised administration or with a formal closing, the accounting forms are filed with the court. This information will also be required for tax purposes. Why won't A.C.C. staff help me fill out my form? Appeared in the action; or. 2. Please search the ADRE website for answers to common questions.

Is The Arizona Supreme Court website under construction? Yes, in September 2015. The website will be available in December 2015, but in the interim, please see (search by “Supreme Court” if you are unfamiliar with this site×. How to Order The Transcripts: You may order a transcript online via our online Transcript Request Form. All Arizona Supreme Court documents are available now for viewing online on our online transcripts page. Select the page you want and then enter the exact transcript type and number that you desire. Alternatively, if you have already requested a transcript and wish to view it online or have additional documents, select from the list. Please note, for access to transcripts, you will need Adobe Acrobat Reader and an internet connection to open and view the documents. If a transcript is needed, you may pay by credit card.

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Maricopa Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement