Probate can be a slow, stressful, and sometimes expensive legal process for families. The good news? Many Marana homeowners can avoid probate with the right planning. Here’s a simple guide to help you understand how it works and what steps you can take.
What Is Probate?
Probate is the court process used to settle a person’s estate after they pass away.
This includes confirming the will, paying debts, and distributing property.
However, probate can be:
- Lengthy – it can take months or even years
- Costly – court and attorney fees add up
- Public – estate details become public record
That’s why many people in Marana choose options that help avoid probate.
Ways to Avoid Probate in Marana
1. Set Up a Living Trust
A revocable living trust is one of the most effective ways to avoid probate.
You transfer your assets—like your Marana home—into the trust, but you still stay in control while you’re alive.
Benefits of a trust:
✔ Avoids probate
✔ Keeps your affairs private
✔ Smooth transfer of assets to loved ones
2. Use Beneficiary Designations
Many financial accounts allow you to name beneficiaries who inherit directly.
Examples:
- Life insurance policies
- Retirement accounts (IRA, 401k)
- Bank accounts and investments
These automatically go to the named person—no probate needed.
3. Add a TOD or POD Designation
Arizona allows “Transfer on Death” (TOD) and “Payable on Death” (POD) options.
You can use this for:
- Real estate – through a TOD Deed
- Bank accounts
- Investment accounts
This makes the transfer fast and avoids court involvement.
4. Own Property Jointly
Joint ownership with right of survivorship means your share automatically goes to the surviving owner.
This is common for married couples in Arizona and is an easy way to avoid probate for real estate and bank accounts.
5. Give Gifts While You’re Alive
You can also give away assets before you pass.
By reducing what’s in your estate, you reduce what might go through probate.
Just make sure to get advice if giving away large assets or property.
Why Marana Homeowners Should Plan Ahead
Marana is growing fast, and home values are rising. Planning ahead helps your family:
- Avoid delays
- Save money
- Keep things private
- Reduce stress during emotional times
A little preparation can make a big difference.
Need Help with Real Estate or Planning in Marana?
If you have questions about how probate may affect your Marana home or you’re planning ahead, Realtor Ryan Comstock can guide you.
📞 Phone: 520-261-4669
📧 Email: ryancomstock@ryancomstock.com
🌐 Website: www.ryancomstock.com