Arizona Probate Attorney
What You Should Know About Probate
Most people don’t want to spend their time contemplating their estate plan because it is a sensitive topic. In fact, too many people stop thinking about their estate plan once they have devised a document that, to them, makes sense. The truth is that it is important to consider how your assets will be distributed when you die. Furthermore, estate planning includes other documents like a power of attorney or health care directive.
As an Arizona probate attorney, we encourage everyone to consider having, at the minimum, a will. By creating this document, your heirs will understand how you would like your assets to be distributed. That being said, a will must pass through the probate process. Probate is the court process in which your estate and assets are distributed if you have a will. The following are a few things to understand about the probate process. If you have further questions, please call a probate attorney Phoenix, AZ has to offer, such as one from Kamper Estrada, LLP.
Some Property Doesn’t Go Through Probate
There are different rules regarding what goes through probate. It is important that you check with an Arizona probate attorney in advance if you are hoping that any of your property can skip the process. If you have real estate that has a transfer-on-death deed, then that normally doesn’t have to go through probate. In addition, if you have joint bank accounts, then they will likely not have to go through probate. An Arizona probate attorney can explain this to you in further detail.
Some Property Needs More Than One Probate
One thing that surprises a lot of people is that you may need more than one probate. Probate often occurs in the same county where the person dies. Normally, this is where all of your property is. What happens if you have more than one property, however? If you have multiple homes or vacation homes, then you may need a separate probate for your homes.
Some Property Can Avoid Probate
When it comes to probate, you’ll hear a lot of tips and tricks on how to avoid it. There is some property that can avoid it completely. If your estate is small enough, then it might not need to pass through probate. This is going to vary in every state which is why it is so important that you have an Arizona probate attorney to discuss your options. Likewise, if you have a living trust, you can also avoid the process.
When it comes to wills and probate, there is a lot of information available. Despite being complex laws, everyone needs to have a will or some form of estate plan. Consult with an Arizona probate attorney today about your options. Call Kamper Estrada, LLP now.