I am an only child, both parents simultaneously passed away. How do I go about being named as executor of their estate? Will I need to open probate?

Q.I am an only child, both parents simultaneously passed away. How do I go about being named as executor of their estate? Will I need to open probate?

A.Whether you need to open a probate depends in part on the nature of your parents' assets. The probate process in Arizona can be handled simply; it just depends on how your parents had arranged their affairs. We offer a free initial consultation, so please contact our office to schedule a time to meet with one of our attorneys regarding the details of your situation. Your answer depends upon the nature and extent of the assets in your parents' estate and whether or not either one or both of them made a valid Last Will and Testament, or if they created a trust during their lifetimes. If there is less than $50k worth of assets, no probate is necessary and the estate can be transferred to you as the heir under the law, if no Will was made, or to the heirs under the Will. If there is more than $50k, then you can be appointed Personal Representative (the new term for an executor), and it would be your job to gather the assets, pay claims and taxes, and then distribute the estate according to the Will or according to law.

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