The Law Offices of Kelly J. McDonald, PLLC - Probate, Elder Law, & Special Needs

November 2018 Archives

How does probate work in Arizona?

When your parents pass on, most of their estate is likely to go through probate. This means legally accounting for and administering the deceased's property to all relevant parties. 

Handling hard assets in an estate plan

Over the years, many Arizonans acquire property for their own personal enjoyment. Items such as jewelry, artwork or other sorts of collectibles are some examples. In some cases, these hard assets may have substantial economic value. However, their monetary worth may be unknown. During the estate planning process, these items should be treated and assessed differently than liquid assets such as cash in a bank account.

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