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What is the threshold for probate in Arizona?

Probate is also required for large estates with assets valued at a total of over $75,000 and/or real estate worth over $100,000. Even if your estate exceeds this threshold, its still important to draft a will to ensure that the probate process is short and goes smoothly for your family.

What triggers probate in Arizona?

Any time someone dies with more than $100,000 in real property or $75,000 in personal property, their estate must go through probate ing to Arizona probate law. Even if the person has a will, the court must still decide whether or not the will is valid.

How do I start the probate process in Arizona?

How to Start Probate for an Estate Open the Decedents Last Will and Testament. Determine Who Will be the Personal Representative. Compile a List of the Estates Interested Parties. Take an Inventory of the Decedents Assets. Calculate the Decedents Liabilities. Determine if Probate is Necessary. Seek a Waiver of Bond.

Do all estates have to go through probate in Arizona?

Arizona requires probate unless the decedents assets are all owned by a living trust or they have designated beneficiaries. Perhaps the best way to identify assets that must go through probate is to list the assets that are not subject to probate.

What assets are exempt from probate in Arizona?

Probate procedures can be complex and time-consuming, but there are ways to avoid or bypass this process for certain assets in Arizona. Properties such as those held in a living trust are exempt from probate. Similarly, community property and jointly-held property with a right of survivorship do not require probate.

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