This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Arizona Petition to Determine Distribution Rights of the Assets of a Decedent
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How to fill out Petition To Determine Distribution Rights Of The Assets Of A Decedent?
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FAQ
Probate court is a specialized type of court that deals with the property and debts of a person who has died. The basic role of the probate court judge is to assure that the deceased person's creditors are paid, and that any remaining assets are distributed to the proper beneficiaries.
Provide an inventory and initial accounting of assets to heirs within 90 days of court appointment as personal representative (executor). A.R.S. 14-3076. Keep detailed records of all receipts and expenses of the estate, and provide such an accounting to heirs.
When someone dies, their beneficiaries have up to two years to open probate. Once probate is opened, there aren't any time limits that will cause the case to expire.
At the end of the probate process, the PR will file a final accounting with the court and distribute assets ing to Arizona law. The timeline is unpredictable as there are many factors that can affect it, but on average, it may take a minimum of six months to two years (or more).
In Arizona, the timeline for wrapping up a probate has no strict deadline for executors. Ideally, the recommended start date is around 60 days after the individual's passing and done within a reasonable timeframe.
Arizona's intestate succession laws dictate the distribution of a person's estate assets if they die without a valid will. The intestacy laws state that the decedent's spouse and other heirs, as determined by state law, are entitled to inherit any portion of the estate not covered by the decedent's will.
Non-licensed fiduciaries, typically family members, must receive training in order to be appointed as a guardian, a conservator, or a personal representative. Specifically, Rule 27.1(A) of the Arizona Rules of Probate Procedure states: ?Any person who is neither a licensed fiduciary under A.R.S.
If the decedent passes property to beneficiaries through contract, the assets will be passed along outside of the formal probate process. If the decedent died with a will, property will be distributed in ance with the will's directions. If the decedent set up a trust, trust property will be distributed that way.