Small Estate Affidavit Arizona
What is small estate affidavit arizona?
A small estate affidavit in Arizona is a legal document that allows the heirs of a deceased person to claim and distribute the assets of the estate without going through the probate process. This affidavit is used when the total value of the estate is below a certain threshold determined by Arizona law. It is a simpler and more expedited way to transfer assets to the rightful heirs.
What are the types of small estate affidavit arizona?
In Arizona, there are two main types of small estate affidavits: the Affidavit for Collection of Personal Property and the Affidavit and Application for Transfer of Personal Property. The first type is used when the total value of the estate, excluding real property, is $75,000 or less. The second type is used when the value of the estate, including real property, is $100,000 or less. It is important to determine which type of affidavit is applicable to your situation before proceeding with the process.
How to complete small estate affidavit arizona
Completing a small estate affidavit in Arizona involves several steps:
By following these steps, you can successfully complete a small estate affidavit in Arizona and ensure a smoother and faster distribution of assets to the rightful heirs.