Don’t worry! The state of Arizona has a plan for you and will direct how your assets and property will be distributed. While the state doesn’t receive your assets if you do not leave a will, a number of thing are going to happen. For example, your children will receive any assets they are entitled to when they turn 18 regardless of their ability to manage money. Any oral wishes you made regarding asset distribution cannot be followed through.
If two or more people have the right to serve as Personal Representative and can’t agree, court proceedings will follow. The costs of probate court will also come out of your estate.
If you need assistance with a yours or your loved one’s estate plan, please contact us and speak with an experienced Arizona Estate Planning attorney today.
