Handling probate can feel overwhelming, especially when debts are involved. If you’re managing an estate in Marana, Arizona, knowing how to deal with debts during probate can make the process smoother and less stressful.
1. Know What Probate Means
Probate is the legal process of managing someone’s estate after they pass away. It includes paying debts, collecting assets, and distributing what’s left to heirs.
In Marana, probate makes sure all valid debts are paid before property or money is given to family members.
2. Create a List of All Debts
Start by writing down every debt the person owed. Common debts include:
- Credit cards
- Medical bills
- Mortgages
- Loans
- Utility bills
Look through mail, emails, and financial documents to make sure you include everything. A complete list helps you stay organized during the probate process.
3. Notify Creditors
In Arizona, the executor must notify all creditors about the probate case. This gives them a chance to file claims for payment.
Usually, you’ll need to mail notices and publish an announcement in a local Marana newspaper. Doing this keeps the process legal and transparent.
4. Pay Debts in the Correct Order
Not all debts are treated the same. Arizona law sets the order in which debts should be paid:
- Funeral and burial costs
- Taxes
- Secured debts like mortgages
After those are paid, the rest of the debts can be handled using any remaining estate funds. Following this order avoids legal problems later.
5. Don’t Use Your Own Money
As the executor, never pay the deceased person’s debts using your own money. Always use the estate’s funds.
Mixing personal and estate money can cause confusion and make accounting harder later.
6. Get Help from Professionals
Managing debts and paperwork can be complicated. If you’re unsure how to proceed, consider working with a probate attorney or real estate expert who knows Arizona’s probate process.
How a Marana Realtor Can Help
If the estate includes real estate in Marana, selling a home can help pay off debts or balance the estate.
Ryan Comstock, Realtor with eXp Realty, helps families across Marana and Tucson manage estate and probate real estate. He can guide you through selling property, handling paperwork, and reducing stress during the process.
📞 Phone: 520-261-4669
📧 Email: ryancomstock@ryancomstock.com
🌐 Website: www.ryancomstock.com