If you're wondering how long probate takes in Arizona, the timeline varies depending on several factors. Simple cases with no disputes or complex assets can take as little as six months, while more complicated cases can extend over a year or more.
An estate must be worth more than $75,000 in personal property or more than $100,000 in real property to be required to go through the probate process in Arizona. If the estate has a value less than these, then it would be considered a small estate and would typically avoid the probate process.
An assignment of proceeds can be used to redirect funds from a line of credit to a third party. An assignment of proceeds must be approved by the financial institution that granted the line of credit following a request and fulfillment of any obligations by the original beneficiary.
An assignment contract in real estate is a legal agreement where one party (the assignor) transfers the rights and obligations of a property contract to another party (the assignee).