creditor claims

CREDITOR CLAIMS AGAINST A DECEDENT

One of the most common questions asked regarding an estate is “Am I liable for the decedent’s debts?” The short answer is No. Normally, a person is not responsible for a deceased individual’s debts. Below is an overview of how debts of a decedent are to be paid under Arizona law and when a person …

SMALL ESTATES – PART III

In a continuation of an article published in our October 13, 2015 Newsletter, I spoke about three types of affidavits a surviving spouse may execute regarding the transfer of decedent’s assets without probate. In a blog on October 15, 2015, I covered statutory allowances and exemption for the surviving spouse and minor children, if any; …