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ARIZONASPROBATESYSTEM×2015Guidebook×of Common×Problems12Table×of ContentsProbate×Basics×........................................................................................................................ 4Identifying×Probate×and×Nonprobate×Assets×................................................................................................................. 4Probate×Assets×..........................................................
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Nonprobate assets are assets that are not required to go through the probate process upon the owner's death, such as assets held in a living trust, joint tenancy property, and assets with designated beneficiaries.
The beneficiaries or heirs of the deceased individual are typically responsible for reporting nonprobate assets on the appropriate forms.
To fill out nonprobate assets forms, you will need to gather information about the decedent's assets, debts, and beneficiaries, and then accurately report this information on the required forms.
The purpose of reporting nonprobate assets is to ensure that all assets of the deceased individual are accounted for and properly distributed to the designated beneficiaries.
Information such as the value of the assets, the names of the beneficiaries, and any relevant supporting documentation must be reported on nonprobate assets forms.
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