If you have lost a loved one, the process of administering your loved one’s estate can be stressful and overwhelming. You may not even know where to start. Doing nothing or acting too slow makes matters worse because you might miss critical deadlines, allow creditors to take over and frustrate the heirs.
In Arizona, if the assets held in the name of the deceased exceed $75,000 in value (or $100,000 for real estate), Probate is usually necessary. Probate involves going through the court process of administering a person’s estate, including filing the proper legal documents and notices, locating and valuing assets, paying debts and distributing property to heirs. Failing to do this promptly and properly can result in personal liability to the Executor.
Over the past 40 plus years, Phelps LaClair has been involved in administering hundreds of estates. We understand the pressures placed on an Executor or Trustee, and we can navigate you through every aspect of administering an estate after the death of a loved one. Our goal is to shift the pressure from you to us so you can stop worrying; and most always we can work with you to have our fees paid from the estate of the deceased so you need not come out of your own pocket.