Free Arizona Small Estate Affidavit Forms and Templates

Arizona Small Estate Affidavit Form: What Is It?

An Arizona Small Estate Affidavit Form is a document which permits an heir to collect a small estate after an individual has passed away, avoiding the probate process which can take up a long period of time. By signing and implementing an Arizona Small Estate Affidavit, the individual that will inherit the assets should ensure that the overall value of the property is not greater than the maximal threshold implemented by local legislation.

In Arizona, there are other laws regulating small estate affidavit forms within the state. Laws and regulations may vary between states, so we would recommend familiarizing yourself with the legislation in Arizona to ensure that there are no issues in the future. We have compiled a list of the important laws and details about this can be found below:

• As in all states, there is a minimal amount of time that needs to pass after the death. However, in Arizona this time limit is dependent upon the specific asset which is outlined by the Arizona Small Estate Affidavit statute. Anything concerning personal property - this time period is thirty days whereas real property should be a minimum of six months;
• The maximal value of any personal assets is capped at seventy-five thousand dollars while real property is capped at one hundred thousand dollars;
• The document should also be notarized.

Arizona Small Estate Affidavit Form Types

• Form ADOR 10695, Affidavit for Collection of Personal Property – filled in for personal property which will not take into account any real estate;
• Small Estate Affidavit for Transfer of Property – concerns transferring assets to the rightful individuals. Such assets concern real estate or land.

How to Get a Small Estate Affidavit in Arizona?

Getting a Small Estate Affidavit in Arizona is not a complicated procedure, but anyone thinking of obtaining one should be aware of the steps required. This information is outlined below:

• Firstly, you must ensure that the period of time you must wait for has ended . This will vary depending on the type of estate;
• You should note down all properties that ought to be transferred along with the value and information concerning any debts related to the property . If you are having trouble finding the value you should seek assistance by contacting the local county;
• After this information is determined you ought to hand out all assets to the appropriate individuals . If a will was formed, this will significantly simplify this task for you. If on the other hand no will was formed, then assets would be distributed according to state laws;
• If you want to claim personal property, there is no requirement to file this document with the court . You can complete the form, sign it and notarize it after which you should hand it over to the individual holding the asset;
• If you want to claim real property, you should refer the document to the probate court.