How long does an executor have to settle an estate in Arizona?

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In Arizona, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (it's similar to a will), naming someone to take over as trustee after your death (called a successor trustee).

Probate is required in Arizona unless the decedent has a trust or listed beneficiaries for all assets. There is one exception to this rule, which is for estates with personal property valued at less than $75,000 and real property under $100,000. In this case, it is known as a small estate.

Under Arizona law, you have two years from the date of the decedent's passing to probate a Will.

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.

Settling an estate through probate in Arizona can be quite a lengthy process. However, the basic steps are simple and straightforward. They are pretty much the same in every state.

Letters testamentary are documents that a probate court delivers to the executor of the deceased's estate to enforce the terms of the deceased person's will. A court can issue letters testamentary only to persons who are chosen as an executor in a will.

The Arizona probate court issues a document to the personal representative called Letters Testamentary. This is the official court document that the personal representative gives to anybody who asks for proof of the existence of a probate and that the person who claims to be the personal representative was actually

How Long Does It Take to Complete An Arizona Probate? If the probate is uncontested and is informal, most probates last between six to eight months depending on how quickly the Personal Representative (executor) completes the required duties.

There is also a fee for each certified copy of the letters. In Arizona, an estate attorney will usually agree to handle an uncontested, informal probate from start to finish for about $2,000 to $5,000.

Depending on whether the probate is formal or informal (whether it's contested or objected to by other relevant parties), it can take between six months to over a year to close the estate. Informal Probate is usually wrapped up within 6 to 8 months. Formal Probate may take a year or more to settle and close the estate.

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Pima Arizona Sample Letter for Letters Testamentary

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