Many times, when a person dies their estate will end up in probate. Probate involves proving that the will of a deceased person is valid. The property of the deceased is identified, inventoried, and appraised. After that, all of the debts owed by the deceased are settled, and the remaining assets are distributed to the beneficiaries as dictated in the will, or by the state. The laws of probate can vary from state to state. For example, if someone is interested in probate administration services in Chandler, Arizona, they need to grasp the different aspects or probate there.
If the party wants to avoid probate in Arizona, there are various avenues available. A person could establish a living trust, which will aid in protecting them from getting into probate court. A trust document must be created, naming an individual to take over as trustee. Then, the property will be able to avoid probate when the owner transfers the ownership of the property to themselves.
A person could also escape probate through joint ownership. Through sharing property or assets, when one party dies, the surviving party automatically takes possession of the property after the first party has died. It is called the “right of survivorship.” Another way to avoid probate is through the “payable-on-death” designations for bank accounts. One could also do “transfer-on-death” deeds for real estate or “transfer-on-death” registration for vehicles. There are various ways to avoid probate in Arizona. However, it may be that probate is an absolute.
If probate is something that absolutely has to be done, the law firm of Janet R. Feeley L.L.C. is available and has been providing legal services to the residents of Chandler, Arizona and the surrounding areas for over 12 years. They will walk clients through one of the three ways to probate an estate: informal, formal and supervised. The law firm will help clients find out if they can take a shortcut from a full probate. If anyone thinks they may need probate administration services in Chandler, Arizona, visit . Once there, browse to where it asks you to “click here.”