The Streamlined Process for Small Estates
Formal probate proceedings take time and resources. For very small estates, Arizona provides the public fiduciary with a faster path. If the gross assets do not exceed twenty thousand dollars, the public fiduciary files a statement of administration instead of petitioning for letters.
Whenever the gross assets of an estate do not exceed in value twenty thousand dollars the public fiduciary may act without the issuance of letters testamentary or of administration by filing with the superior court a statement of administration showing the name and domicile of the decedent, the date and place of death and the name, address and relationship of each known heir or devisee.
A.R.S. § 14-5605(A)This statement carries the same legal weight as formal letters. If the estate later turns out to exceed twenty thousand dollars, the public fiduciary must apply for full letters at that point.
What the Public Fiduciary Can Do Under This Process
Once the statement is filed, the public fiduciary gains broad authority. This includes taking possession of real and personal property, selling assets at private or public sale to pay expenses, distributing property to heirs who present a valid affidavit, and making funeral arrangements.
The public fiduciary must file an accounting and a proposed distribution with the court within twelve months of filing the statement. Copies go to every heir, devisee, and known creditor by certified mail. If no one objects within thirty days, the court can settle the account without a hearing.
This process highlights an important planning consideration. A properly structured estate plan, even a modest one, can keep your family out of the public fiduciary system entirely. Beneficiary designations, payable-on-death accounts, and a simple trust can move a small estate to the right people without county involvement.