Any asset that goes through the court process are inventoried after you die and submitted to the court; your debts are paid before your loved ones receive the balance of your assets. In the state of Arizona, there is a small estate exception that allows your family to collect your personal property by affidavit if it is worth less than $75,000. You can also collect real property located within Arizona by affidavit that has less than $100,000 in equity. There are many technical rules regarding the real property affidavit, however, and it may be advantageous to have that property go through the probate process instead.
If you need more help with understanding the probate process in Arizona, contact the law office of Cholewka Law for sound legal advice.
