Bill > HB2116

This bill amends Arizona's small estate administration law by increasing the monetary thresholds for simplified probate procedures. Specifically, the bill raises the limit for personal property collection by affidavit from $75,000 to $200,000, and increases the limit for real property transfer by affidavit from $100,000 to $300,000. These changes allow surviving spouses, heirs, or successors to more easily transfer assets after a person's death without going through a full probate court process. The bill maintains existing requirements such as waiting periods (30 days for personal property, 6 months for real property), payment of funeral and medical expenses, and providing documentation proving the successor's right to the assets. The modifications make it easier for families to handle estate transfers for moderately sized estates by reducing legal and administrative barriers, while still maintaining protections to ensure proper asset distribution and creditor notifications.

Budget and Finance, Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/81810