Get all of your questions about probate answered by probate attorney Susan L. Oftentimes it saves time and is financially wiser to work with an attorney on creating and interpreting legal documentation from the beginning, rather than not having a full understanding of the legal requirements and therefore creating a more complicated problem down the road. While it is beneficial to be versed on the laws behind a will, nothing can replace the years of legal experience and understanding brought by an experienced estate planning attorney. Additional information on various aspects can be found by following the links below: The Arizona law which governs all the above is known as Title 14. All of the assets will be considered probate assets. If someone dies intestate, with more than $75,000 in personal assets and/or more than $100,000 equity in real estate, and no beneficiary designations of those assets, that person’s estate will go through probate. For these situations, the person who died is said to have died “intestate”. In some cases, a last will does not exist at all. More information on the right of survivorship can be found here. Non-probate assets are those which the decedent either owned jointly with another party with right of survivorship, were named as part of an existing trust, and/or have beneficiaries designated. This gives the Court jurisdiction to distribute these assets in accordance with state-specific succession laws. Probate assets are those which were owned by the decedent and no one else. Generally speaking, there are two types of assets: probate and non-probate. Thus, unless the testator is incredibly careful to follow all the statutory requirements of creating a will, the entire document could be rendered useless after the testator’s death. For instance, a holographic will that has a partially typed list of assets for distribution can no longer be valid. These criteria aim to protect the testator’s will from potential forgery.
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