Probate Category Archives | Page 2 of 3

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

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...

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

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

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...

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

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...

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

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

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....

a hand and flowers placed on casket at funeral

09 Aug What Happens to an Estate After the Death of its Owner?

Posted at 20:56h in Estate Planning, Probate by Phelps LaClair

The passing of a loved one can be a challenging and emotional time. And although there are many legal and financial matters to address after a loved one dies, it can be difficult to navigate through your grief. Understanding what happens to an estate after...

21 Mar What Is a Small Estate Affidavit?

Posted at 18:39h in Estate Planning, Probate by Phelps LaClair

Probate is a long and costly process that can take a year or more, and it’s best to avoid it if you can. For a small estate with property valued below a certain threshold, the best way to skip the probate process is to use...

Probate is the legal process of verifying a will, settling an estate, and transferring ownership of its assets to the beneficiaries.

15 Mar 3 Ways to Avoid Probate in Arizona

Posted at 20:50h in Living Trusts, Probate by Phelps LaClair

Many people believe that listing their assets and naming beneficiaries in a will is enough for their estate to avoid probate. However, wills are always required to go through probate, because the court needs to validate them. Probate is the legal process of distributing the assets...

how long does probate take in arizona - person checking watch

11 Oct How Long Does the Probate Process Take in Arizona?

Posted at 15:48h in Estate Planning, Probate by Phelps LaClair

If you’ve been appointed the executor of an estate or if you’re expecting an inheritance, you may be wondering just how long the probate process can take. Unfortunately, probate is a complex process, and there are many different factors that can delay its completion. There is...

18 Jul Formal vs. Informal Probate in Arizona

Posted at 15:03h in Estate Planning, Probate by Phelps LaClair

Whether you’re planning your own estate or settling a loved one’s, it’s important to understand how probate works. At Phelps LaClair, we help Arizona families design successful estate plans and smoothly administer their loved ones’ estates. We put together this guide to formal vs. informal...

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