Phoenix Probate Attorney: Probate Lawyers in Arizona
A Phoenix probate attorney
can help you understand the probate process in Arizona. Since this is a
crucial component of estate planning, with serious potential
consequences, it only makes sense to make these decisions well in
advance. What is Probate? Probate law is in general
the transfer of property from the decedent’s estate to the
beneficiaries. Probate itself is essentially proving the existence of a
will. It can also involve determining who the decedent’s heirs are in
the event that there is no will in place. Probate is used to determine
who the assets will be transferred to. Accordingly, there is usually no
need for probate if there are no assets to transfer. A Phoenix
probate attorney will also be able to assist in the tax process
associated with probate. It is possible that some taxes may be due
because of the decedent’s death, in addition to the properties’
transfer. Your Phoenix probate lawyer will also help you
understand how to address any debts and taxes that are outstanding.
Many times creditors still need to be paid, even after death. An
effective probate lawyer will be able to advise you so that unpaid
creditors are less likely to surface and contact the beneficiaries. Even
with a more modest estate, probate, at least under the supervision of
the court, will likely still take place. Although a small estate is
potentially less complex, probate is often necessary before the
property of the deceased can be distributed legally to the heirs or
beneficiaries. Probate and Wills When a person dies
with a will in place, a court will generally allow an opportunity for
others to protest the will. There are some common objections that can
be employed. Questions may include: Was there a more recent will?Was the diseased competent when the will was createdWas the will executed properly?Is the will for some reason invalid?Concerns
like these can make probate increasingly complex, and this is another
reason why it is so crucial to meet with a Phoenix probate attorney to
better understand your unique situation. Can You Avoid Probate? Some
people seek to eliminate the possibility of probate in the future. One
tool that a Phoenix probate attorney can use is the revocable living
trust. Using a living trust, an individual can transfer ownership
during their lifetime to the trust itself. In this case, the assets are
legally owned by the trust at the time of death. Since this is the
situation, these assets are not available for probate. And, although
assets in a trust are still potentially available to creditors, it
makes it more difficult for creditors to access the property. These
creditors are usually forced to petition the court to have a chance at
reaching the assets. The Importance of Consulting with a Phoenix Probate Lawyer There
are other methods of avoiding probate that your Phoenix probate
attorney can discuss with you. Arizona and Phoenix probate law have
some specifics that you may not be aware of. These unique aspects may
apply to large and small estates. Your attorney will likely know how to
simplify the probate process greatly. Of course, it is never too early
to begin thinking about estate and probate planning.
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