Hello and welcome to this week's edition of hot topics in probate law brought to you by Lyrian Wentz pc. - Tonight's topic is: "Is probate always necessary?" - The answer is no. Under Arizona law, if a person dies owning real estate valued at less than $75,000 or personal property valued at less than $50,000, probate isn't necessary. - Titles of those assets can be transferred to the heirs by a simple affidavit procedure. - On the other hand, if a person dies owning assets in excess of those values, probate is required. - We can help you with all of those things here at Lyrian Wentz. - Stay tuned for next week's edition of hot topics in probate law.
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