Letters of Testamentary and Acceptance by Personal Representative - Arizona: This form is used to accept an appointment as the administrator, or personal representative of an estate. It states, among other things, that the person appointed is eligibile for appointment, and wishes to do so. Further, it asks the court to issue the Letters of Testamentary, appointing the representative nominee. It is available for download in both Word and Rich Text formats.
Tucson Arizona Letters of Testamentary and Acceptance by Personal Representative
Category:
State:
Arizona
City:
Tucson
Control #:
AZ-PB-4-IN
Format:
Word;
Rich Text
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FAQ
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.
How to Start Probate for an Estate Open the Decedent's Last Will and Testament.Determine Who Will be the Personal Representative.Compile a List of the Estate's Interested Parties.Take an Inventory of the Decedent's Assets.Calculate the Decedent's Liabilities.Determine if Probate is Necessary.Seek a Waiver of Bond.
How Long Does Probate Take in Arizona. According to Arizona law, probate proceedings must be kept open for at least 4 months to allow any creditors to make their claims. Informal probates typically last between 6-8 months, depending on how quickly the Personal Representative completes their required duties.
The average cost of probate in Arizona can vary depending on a number of circumstances, but legal fees alone can range, on average, anywhere from $2,000 to about $5,000.
The Decedent's Creditors May Take Action Creditors have two years to file a valid claim against a decedent's estate if probate hasn't been opened. If the estate's beneficiaries and heirs fail to take action, the decedent's creditors can file a petition to start the estate settlement proceedings.
How to Start Probate for an Estate Open the Decedent's Last Will and Testament.Determine Who Will be the Personal Representative.Compile a List of the Estate's Interested Parties.Take an Inventory of the Decedent's Assets.Calculate the Decedent's Liabilities.Determine if Probate is Necessary.Seek a Waiver of Bond.
According to Arizona law (ARS14-3108), the executor of an estate has two years from the date of death to file probate. This timeframe can be extended under certain circumstances, such as if the deceased left behind minor children.
Compensation for an Arizona Personal Representative Generally personal representatives receive reasonable compensation paid at $25 to $50 per hour.
Probate is required by Arizona law unless all of a decedent's assets are placed in trust or the decedent has listed beneficiaries for all their assets. However, Arizona has a more straightforward, streamlined probate process for smaller estates.
Settling an Estate in Arizona The first step is to file the will and a petition for probate with the county court where the deceased person lived or where they had property if they lived out of state. A personal representative is appointed by the court, which is usually the person named in the will.
