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Arizona statutes offer an alternative to avoiding probate by using an Affidavit of Succession to Real Property in cases in which the real property value does not exceed a certain value. The estate value must be less than $100,000 minus all the liens and any other encumbrances when the decedent passed away.

Arizona Small Estate Affidavit - EXPLAINED - YouTube YouTube Start of suggested clip End of suggested clip Or person holding the asset. Such as a bank or stock broker. But if you're using the form to collectMoreOr person holding the asset. Such as a bank or stock broker. But if you're using the form to collect real estate you should submit it to a probate court in the county where the decedent. Lived.

What are Small Estate Affidavits? Small Estate Affidavits are used in Arizona to transfer assets from a deceased person to the heirs when the total value of the assets is below the minimum value requiring a probate.

To get title to the property after your death, the beneficiary must record a certified copy of the death certificate in the recorder's office. No probate is necessary. Use Nolo's Quicken WillMaker to make a beneficiary deed or transfer on death deed in any state that allows it.

When is a probate action required in Arizona? Under Arizona law, the general rule is that if the deceased person owned more than $100,000 of equity in real estate, or more than $75,000 of personal property (including physical possessions and money), then a probate action is required to transfer the assets to the heirs.

If seeking personal property, it is not necessary to file the small estate affidavit with the court. Instead, give the completed, signed, notarized form to the person or entity holding the asset to be transferred.

Small Estate Affidavits are used in Arizona to transfer assets from a deceased person to the heirs when the total value of the assets is below the minimum value requiring a probate.

Under current Arizona law, small estates are defined as those in which the deceased owned less than $100,000 in real estate equity or less than $75,000 worth of personal property. For estates over this size, probate is typically required, and those estates will not be eligible for the small estate affidavit process.

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Upon receipt of the affidavit, the commissioner may transfer the real estate upon the land books and assess the real estate in accordance therewith. This affidavit must be filed in the county where the decedent was domiciled or, if not domiciled in this state, in the county where the property is located.(city and state) and owned real property located in Maricopa County in Arizona. 3. RELATIONSHIP. This is my our relationship to the person who died: (explain). Please note this affidavit is only to be used to claim a debt or personal property. The transfer of real estate or real property is not allowed. Instead, they can simply prepare and sign a brief affidavit (sworn statement) saying that they are entitled to inherit a particular item of property. One way to transfer real estate is through probate. Instead, they can simply prepare and sign a brief affidavit (sworn statement) saying that they are entitled to inherit a particular item of property. Have been commenced and completed.

Arizona Affidavit of Succession for Transfer of Real Property

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