Probate Category Archives | Phelps LaClair

Naming a beneficiary for your bank account is the easiest way to give your loved ones access to your finances after you pass away.

04 Dec Why You Need to Designate a Beneficiary for Your Bank Accounts

Posted at 11:11h in Probate by Phelps LaClair Law

Did you know that you can designate a beneficiary for most bank accounts? Naming a beneficiary is the easiest way to allow your loved ones to access your accounts and avoid having to deal with the complications of probate court. Here’s why you need a...

do joint accounts go through probate; confetti falling on married senior couple

11 Apr Do Joint Bank Accounts Go Through Probate?

Posted at 16:51h in Asset Protection, Probate by Phelps LaClair Law

Many couples opt for joint bank accounts as a convenient way to manage their finances. When set up correctly, a joint bank account can ensure seamless access for your loved one after you pass away. Because, in most cases, joint bank accounts are not subject...

What Does a "Notice of Probate of Will" Mean? - person on a couch holding head in hand

20 Feb What Does a “Notice of Probate of Will” Mean?

Posted at 16:03h in Asset Protection, Living Trusts, LLCs, Probate by Phelps LaClair Law

The death of a loved one is a challenging time. Unfamiliar legal terms, documents, and processes can make this time even more overwhelming. If you've received a notice of probate of will, or have to send them out as the executor, you may be wondering...

parent's estate and probate process, handling parent's estate through probate, what to do as executor of an estate

25 Nov My Parent’s Estate Is Going Through Probate—What Can I Expect?

Posted at 16:57h in Probate by Phelps LaClair Law

When one of your parents passes away, it’s an overwhelming loss. And being named as the executor of their estate while you’re dealing with grief can feel like too much at once. You likely have hundreds of questions running through your mind, adding to your...

28 Jun Avoiding Probate

Posted at 11:26h in Probate by Phelps LaClair Law

One of the top 10 estate planning mistakes that many people make is having an inadequate plan that will necessitate probate court. Why is probate so negative? It devours time and money that is better invested in the inheritance you leave to your beneficiaries. At...

how probate works - scrabble tiles say probate lawyer

13 May How Does Probate Work in Arizona

Posted at 13:08h in Estate Planning, Probate by Phelps LaClair Law

If you have a large estate or die without a will, your estate will go through probate after you pass. This court process can be overwhelming for your loved ones and create conflict regarding distribution. Whether you’re administering a loved one’s estate or getting your...

Unless you include your cryptocurrency in your estate plan, it could disappear forever. We explain how to protect this important digital asset.

01 May Cryptocurrency and Your Estate Plan

Posted at 09:00h in Asset Protection, Estate Planning, Probate by Phelps LaClair Law

Cryptocurrency saw a huge surge in popularity a few years ago. Celebrities were promoting it in commercials, and suddenly it seemed like everyone was investing. However, it's still a fairly new phenomenon, so people naturally have a lot of concerns when it comes to leaving...

There are other options besides a living trust if you want to avoid probate in Arizona. However, they only apply to certain assets and in specific situations. We dive into the details below.

12 Jan Do I Need a Trust to Avoid Probate?

Posted at 09:09h in Estate Planning, Living Trusts, Probate, Taxes, Wills by Phelps LaClair Law

Probate is a long and costly process that places an unnecessary burden on your loved ones. If you want to avoid probate in Arizona, you’ll need more than just a will in your estate plan. Wills are always subject to probate, and that is why...

16 Jun When Is Probate Required in Arizona?

Posted at 17:29h in Estate Planning, Probate by Phelps LaClair Law

Probate is the legal process of validating a will, settling a deceased person's debts, and distributing their assets to heirs or beneficiaries. The court oversees this process to ensure that is properly carried out. Probate can take over a year and involves expensive court fees...

12 Aug What Types of Assets Are Subject to Probate in Arizona?

Posted at 09:04h in Asset Protection, Probate by Phelps LaClair Law

Probate is the legal process of transferring the ownership of a deceased person’s property to their heirs, and it can take a long time to complete. There are many types of assets that are automatically subject to probate, unless you place them in a trust....

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