Scottsdale Estate Planning Attorney

Probate & Trust Administration

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Probate & Trust Administration Attorney

Probate & Trust Administration In Scottsdale

What Is Probate in Arizona?

In Arizona, probate is the process of administering a deceased person’s estate. This includes locating assets, paying debts, filing taxes and distributing remaining assets according to the deceased’s will or state laws. Probate is necessary in order to settle any legal or financial matters that need to be resolved following a death. It is important to note that probate can take several months or even up to a year depending on the size and complexity of the estate. In Arizona, probate proceedings are held in court with a judge overseeing all decisions made. The court will appoint an executor who is responsible for carrying out the terms of the will and settling any disputes that may arise during the process.

 

What Does A Probate Attorney Do?

A probate attorney is a lawyer who specializes in handling the legal proceedings related to wills and estates. They are responsible for guiding the executor of an estate through the probate process, which includes filing court paperwork, handling tax issues, distributing assets, and settling any outstanding debts. Probate attorneys also help beneficiaries understand their rights and responsibilities in relation to the will. In addition, they can provide advice on how to best handle matters such as inheritance taxes and disputes over the will or estate. Ultimately, a probate attorney helps ensure that the deceased person’s wishes are honored and that all creditors and beneficiaries receive what is due them according to law.

 

When Is Probate Required?

Probate is a legal process used to transfer assets from an estate to the rightful heirs of the deceased. It is typically required when the deceased had a will, however it can also be necessary in cases where there was no will present. Probate involves validating the will, identifying and inventorying the estate’s assets, paying debts and taxes, and distributing remaining assets according to the will or state law. It can be a lengthy process that can take months or even years depending on the complexity of the estate and its size. The court ultimately decides how long probate should last, but all parties involved should work together to ensure a smooth process.

 

What Are My Duties If I Am Named Executor of the Estate?

If I am named executor of an estate, my duties will be to carry out the deceased person’s wishes as stated in their will. This includes collecting and assessing all of the assets belonging to the deceased, paying any outstanding debts or taxes, distributing assets according to the terms laid out in the will, and providing an accounting of all transactions to the court. As executor, I will also have a fiduciary responsibility to manage and protect the assets of the estate with due diligence and care. In addition, I may have to make decisions regarding investments, liquidations of assets, or other matters during the course of carrying out my duties. It is important for me as executor to remain diligent and organized throughout this process in order to ensure that everything goes smoothly and according to plan.

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