Maybe yes, but probably not. The State of Arizona makes it relatively easy for people to pass on their property without expensive trusts or complicated probate procedures. “Beneficiary Deeds” are a tool the legislature has given us to designate death beneficiaries for real estate that would otherwise trigger probate due to the value of the property. Financial assets can also pass to death beneficiaries or joint owners, without having a trust or requiring probate. However, everyone should be very cautious about making a non-spouse a co-owner of a financial account by designating them a joint tenant.
Do I need a Living Trust to avoid probate?
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Tucson Estate Planning, Probate and Guardianship Attorney
At the Wood Law Firm, we are committed to providing affordable legal services including estate planning, wills, probate, guardianship, conservatorship and elder law matters to those in Tucson and the surrounding community.
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Attorney Henry Wood is a member of various Bar Associations and is also a Licensed Fiduciary, registered by the Arizona Supreme Court.
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