{"id":9482,"date":"2022-03-29T18:48:47","date_gmt":"2022-03-29T18:48:47","guid":{"rendered":"https:\/\/ogbornelaw.com\/?p=9482"},"modified":"2023-07-14T19:06:46","modified_gmt":"2023-07-14T19:06:46","slug":"avoiding-probate-in-arizona","status":"publish","type":"post","link":"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/","title":{"rendered":"Avoiding Probate in Arizona"},"content":{"rendered":"<p>How to save your family time, money, and inconvenience by avoiding probate in Arizona.<\/p>\n<p>Probate court proceedings can be drawn out, expensive, and confusing. It&#8217;s no wonder a lot of individuals take steps to spare their families the inconvenience. Some states, nevertheless, provide different ways for avoiding probate. The following are your options in Arizona.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Living_Trusts\" >Living Trusts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Joint_Ownership\" >Joint Ownership<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#These_Types_of_Joint_Ownership_are_Available_in_Arizona\" >These Types of Joint Ownership are Available in Arizona:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Payable-on-Death_Designations_for_Bank_Accounts\" >Payable-on-Death Designations for Bank Accounts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Transfer_on_Death_Registrations_for_Securities\" >Transfer on Death Registrations for Securities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Transfer_on_Death_Deeds_for_Property\" >Transfer on Death Deeds for Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Transfer_on_Death_Registrations_for_Vehicles\" >Transfer on Death Registrations for Vehicles<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Simplified_Probate_Procedures\" >Simplified Probate Procedures<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Source\" >Source:<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/webtechs-designs.com\/2023Ogborne\/avoiding-probate-in-arizona\/#Arizona_Family_Law\" >Arizona Family Law<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Living_Trusts\"><\/span>Living Trusts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Arizona, you can create a living trust for avoiding probate for just about any asset you own\u2014property, financial institution accounts, vehicles, etc. You are going to devise a trust document (it&#8217;s like a will), designating an individual to take over as trustee after you pass away (referred to as a successor trustee). Following that\u2014and this is important\u2014you are required to transfer ownership of your assets to yourself being the trustee of the trust. After that is done, the property will be managed by the conditions of the trust. At your passing, your successor trustee is going to be able to transfer it to the trust beneficiaries devoid of probate court proceedings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Joint_Ownership\"><\/span>Joint Ownership<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Should you own property jointly with another person, and this ownership includes the &#8220;right of survivorship,&#8221; then the surviving owner systematically owns the property when the other owner passes away. No probate is going to be necessary for the transference of the property, of course it is going to take some paperwork to demonstrate that title to the property is held exclusively by the surviving owner.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"These_Types_of_Joint_Ownership_are_Available_in_Arizona\"><\/span>These Types of Joint Ownership are Available in Arizona:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Joint tenancy.<\/strong> Property owned in joint tenancy systematically goes to the surviving owner when one owner passes away. Probate is not required. Joint tenancy usually functions well if couples (married or not) obtain property, vehicles, financial institution accounts or other valuable property jointly. In Arizona, each owner, known as a joint tenant, is required to own an equal portion.<\/li>\n<li><strong>Community property with the right of survivorship.<\/strong> Arizona is a communal property state, meaning that spouses typically own all property obtained throughout the marriage jointly unless they take steps for keeping it separate. When spouses retain title to an asset as communal property with the right of survivorship, then it systematically passes to the surviving spouse when one spouse passes away.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Payable-on-Death_Designations_for_Bank_Accounts\"><\/span>Payable-on-Death Designations for Bank Accounts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In Arizona, you are able to include a &#8220;payable on death&#8221; (POD) designations to financial institution accounts, for instance savings accounts and\/or CD\u2019s. You still manage all the capital in the account\u2014your POD beneficiary has no right to it, and you are able to spend all of it should you choose. After your passing, the beneficiary can declare the capital straight from the financial institution devoid of heading to probate court.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Transfer_on_Death_Registrations_for_Securities\"><\/span>Transfer on Death Registrations for Securities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arizona lets you register securities transfer on death (TOD) forms. Individuals usually retain brokerage accounts this way. If you register an account in TOD (also referred to as a beneficiary) form, the beneficiary you designate is going inherit the account systematically following your passing. No probate court proceedings are going to be necessary; the beneficiary is going to deal directly with the brokerage firm for the transference of the account.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Transfer_on_Death_Deeds_for_Property\"><\/span>Transfer on Death Deeds for Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arizona enables you for leaving property using transfer on death deeds. These are also titled as beneficiary deeds. You sign and register the deed now, but it is not going to go into effect until your passing. You can nullify the deed or sell the property any time you wish; the beneficiary you designate on the deed has no right to it until your passing. Ariz. Rev. Stat. Ann. \u00a7 33-405.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Transfer_on_Death_Registrations_for_Vehicles\"><\/span>Transfer on Death Registrations for Vehicles<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Arizona enables the transfer on death registrations for vehicles. When you register your vehicle(s) in this way, the beneficiary you designate is going to automatically inherit the vehicle following your passing. Probate court proceedings are not going be necessary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Simplified_Probate_Procedures\"><\/span>Simplified Probate Procedures<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Even when you do not do any planning for avoiding probate, your estate might be eligible for Arizona&#8217;s basic &#8220;small-estate&#8221; probate procedures.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Source\"><\/span>Source:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ol>\n<li>\n<p style=\"margin-left: 28.35pt; text-indent: -28.35pt;\">Valerie Keene, A. (2020, October 30). <a href=\"https:\/\/www.nolo.com\/legal-encyclopedia\/arizona-avoiding-probate-31698.html\">Avoiding probate in Arizona.<\/a> www.nolo.com. Retrieved March 28, 2022, from https:\/\/www.nolo.com\/legal-encyclopedia\/arizona-avoiding-probate-31698.html<\/p>\n<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Arizona_Family_Law\"><\/span>Arizona Family Law<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m14!1m8!1m3!1d13295.289322404855!2d-111.972881!3d33.583962!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x0%3A0xa02db9a3ce093e9d!2sOgborne%20Law%20PLC!5e0!3m2!1sen!2sus!4v1575490314048!5m2!1sen!2sus\" width=\"100%\" height=\"150\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>There\u2019s nothing better than the peace of mind you will\u00a0have knowing you\u2019ve protected your family at a time when they need it most. Let us help. <a href=\"https:\/\/ogbornelaw.com\/schedule-a-consultation\/\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/schedule-a-consultation\/\">Schedule a consultation<\/a> or <a href=\"https:\/\/ogbornelaw.com\/contact\/\" data-cke-saved-href=\"https:\/\/ogbornelaw.com\/contact\/\">contact<\/a> Ogborne Law, PLC of Arizona today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to save your family time, money, and inconvenience by avoiding probate in Arizona. Probate court proceedings can be drawn out, expensive, and confusing. It&#8217;s no wonder a lot of individuals take steps to spare their families the inconvenience. Some states, nevertheless, provide different ways for avoiding probate. The following are your options in Arizona.&hellip;<\/p>\n","protected":false},"author":3,"featured_media":10531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252,31,253,224,254],"tags":[],"class_list":["post-9482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-community-property","category-family-law","category-joint-tenancy","category-living-will","category-pod","category-252","category-31","category-253","category-224","category-254","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Avoiding Probate in Arizona - Ogborne Law<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avoiding Probate in Arizona - Ogborne Law\" \/>\n<meta property=\"og:description\" content=\"How to save your family time, money, and inconvenience by avoiding probate in Arizona. Probate court proceedings can be drawn out, expensive, and confusing. It&#8217;s no wonder a lot of individuals take steps to spare their families the inconvenience. Some states, nevertheless, provide different ways for avoiding probate. 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