Latest Probate-Estate listings for Sale

If you are looking for a Probate or Estate Sale home, this is it.  In Maricopa and Pinal county, you will find a variety of single family, condo, patio, and apartment style homes.  In Arizona the probate process can be very quick or take some time, but for the most part, the process can run between 4-12 months.  These are the active listings, but if you are the Personal Representative for an … [Read more...]

When To Start Receiving Retirement Benefits

Below is information provided by Social Security Administration and Lockridge and Associates, LLC. If you are looking to downsize your home or need additional information regarding Social Security information, call, email, or fill out the form below and either I or Andy Lockridge will be in touch. At Social Security, we’re often asked, “What is the best age to start receiving retirement … [Read more...]

New housing starts lower than expected in July

Here in Arizona we are starting to see new builders back, our permits are up in the Valley of the Sun, but for most of the country, the numbers are down with permits on new builder, as you can see in this article. Here in Arizona, our inventory has been exceptionally low and that is one reason why our new builders here in the valley of the Sun have been so successful.  If you are looking to move … [Read more...]

Estate planning checklist for young folks

The last thing on the minds of young adults heading off to college is drafting a health care proxy and power of attorney. Once they emerge freshly educated four years later, visions of wills and trusts are also unlikely to be on their radar. After all, who thinks about ticking off items on an estate planning checklist while they're still in the throes of figuring out how they're going to pay off … [Read more...]

What if the decedent owned land in more than one state?

The laws of the state in which the deceased was a permanent resident or “domiciliary” govern who would receive all the deceased’s personal property, wherever it was located, and all the deceased’s real property located within the state. Thus probate almost always is undertaken in the home state. If the decedent owned out-of-state real property, the laws of the other state govern who gets it … [Read more...]

Simple Asset Protection Techniques

Many of the traditional forms of estate planning can be used effectively as asset protection techniques. Gifts of property not intended to defraud creditors remove the assets from your estate. If your child owns the farm, it is no longer at risk from your creditors – although your son’s creditors and his spouse may pose a risk. Retirement plans have a considerable amount of asset protection … [Read more...]

What if Someone objects to the Will?

If someone files an objection to the (probate estate) Will, or produces another Will, what is known as a “Will contest” has begun. While Will contests are not that rare, and while few people actually win one, they can be extraordinarily costly and create incredible delays. It is not just anyone that can contest a Will. For example, if you feel your recently deceased next door neighbor’s out of … [Read more...]

What if someone objects to the will?

If someone files an objection to the (probate estate) Will, or produces another Will, what is known as a “Will contest” has begun. While Will contests are not that rare, and while few people actually win one, they can be extraordinarily costly and create incredible delays. It is not just anyone that can contest a Will. For example, if you feel your recently deceased next door neighbor’s out of … [Read more...]

What are the main duties of a personal representative?

The main tasks of a Personal Representative are to: (1) determine if there are any probate assets; (2) identify, gather, and inventory the assets of the deceased; (3) receive payments due the estate, including interest, dividends, and other income (e.g., unpaid salary, vacation pay, and other company benefits); (4) set up a checking account for the estate; (5) figure out who is going to … [Read more...]

Make Sure To Have A C.P.R.E.S Certified Realtor

Probate is an everyday process in our courts and the number of filings grows daily. The disposition of real property is one of the primary actions in most cases. The executors and administrators need to have a resource to assist them in the sale and marketing of the real property in a positive and stress free manner. The courts, as well as the heirs, want to make sure the property is handled with … [Read more...]