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

Category:
State:
Arizona
City:
Surprise
Control #:
AZ-PB-16-IN
Format:
Word; 
Rich Text
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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).

Title: Understanding the Surprise Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement Description: In Surprise, Arizona, the legal process of settling an estate involves various intricate steps, including the filing of a Petition for Approving of Final Accounting of Personal Representative or Fee Statement. This petition plays a crucial role in ensuring that the estate's financial matters are accounted for accurately, giving closure to the probate proceedings. The Surprise Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement is a legal document submitted to the court by the personal representative, also known as the executor or administrator of an estate. It outlines the financial transactions and distributions made during the probate process, allowing the court to review and approve them. Keywords: Surprise Arizona, Petition for Approving, Final Accounting, Personal Representative, Fee Statement, estate, probate proceedings, financial matters, legal document, court, executor, administrator, distributions. Different Types of Surprise Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement: 1. Simple Estate: — This type of petition is applicable when the estate undergoing probate is relatively straightforward, with limited financial transactions or assets involved. 2. Complex Estate: — In cases where the estate comprises multiple assets, substantial financial transactions, or intricate legal matters, a separate type of petition may be required. This type of petition caters to complex estates that necessitate detailed financial accounting and may involve several court proceedings. 3. Fee Statement: — Besides the main petition, the personal representative may also have to submit a separate Fee Statement, detailing the fees charged for their services during the probate process. This statement is intended to provide transparency and accountability regarding the compensation received for executing their responsibilities. In conclusion, the Surprise Arizona Petition for Approving of Final Accounting of Personal Representative or Fee Statement is a vital document in the estate settlement process. It ensures that all financial matters, including distributions and fees, are accurately accounted for and approved by the court. Estate representatives must prepare and file the appropriate petition depending on the complexity of the estate, enabling a smooth and transparent probate experience.

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How to fill out Surprise 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.

In Arizona, probate is required when an estate is worth more than $75,000. If the estate is worth less than that amount, the beneficiaries can file a Small Estate Affidavit to claim their inheritance without going through probate.

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.

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.

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.

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.

Compensation for an Arizona Personal Representative Generally personal representatives receive reasonable compensation paid at $25 to $50 per hour.

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.

If you received mailed notice of the decedent's death, you can make a claim within 60 days, even if the 4-month period already passed.

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