Estate Administration in Peoria, Arizona
Estate administration, in basic terms, is the procedure of maintenance and distribution of a person's assets after they die.
If the person who died made and executed a valid will in Peoria, Arizona, the process of estate administration normally follows the procedures and instructions laid out in the will.
Most often, a will names a person to serve as executor, whose job it is to guarantee that the estate is properly administered.
The executor is normally whoever stands to acquire the most money or property if the will is given effect, since that is the person who likely has the most incentive to do their part in seeing that the probate process plays out to completion.
What if The Will Does Not Name an Executor?
If a will in Peoria, Arizona does not name a person to serve as executor, or the decedent dies without having written a will, the court will assign a person to act as estate administrator.
This is usually the person who will benefit the most if the will is executed. If there is no will (a situation recognized as "intestacy"), Arizona has a system of laws distributing the decedent's property to his or her closest living relative. In such a case, the closest living relative has the most to gain from an orderly administration of the estate, so they will usually be appointed.
In cases where the will doesn't name an executor, or the person named is unable to take on that role for whatever reason, any person who has some direct share in the decedent's estate (either because they're named in the will or stand to inherit by intestacy) can petition a Peoria, Arizona court to be assigned executor.
When the executor is chosen, they serve as a sort of incarnation of the decedent's estate - the estate's legal interests become the executor's interests, and the executor is expected to safeguard the estate's interests as they would their own.
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Can a Peoria, Arizona Estate Administration Attorney Help?
If you have unexpectedly been appointed to be the executor of a relative's estate, and don't know how to handle this process, you should speak with a seasoned Peoria, Arizona wills and trusts attorney.
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Life in PeoriaPeoria, Arizona is situated in both Maricopa and Yavapai counties. It is a major suburb of Phoenix and is home to a population of about 160,000 people. Peoria has grown economically and industrially in recent decades.
The city of Peoria, Arizona is known for developing and incorporating innovative technologies related to water irrigation and solar power harnessing. For example, the Maricopa Solar Power Plant is located in Peoria and was completed in 2010.
One of the main attractions in Peoria is the Peoria Sports Complex. The stadium brings in many tourists, festivals, tours, concerts, and social events. Several Major League Baseball teams use the stadium for spring training and year-round training. The Peoria Sports Complex has contributed to much of the city's growth and economic development.
Peoria's population continues to grow as more and more people relocate there for both work and leisure. In fact, the name "Peoria" has almost become synonymous with leisure living and resort vacations in the state of Arizona.
Lawyers in Peoria, Arizona engage in a number of legal services which assist the city's bustling social and economic scene. Peoria attorneys enhance their skills through memberships in groups such as the West Maricopa County Bar Association.