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Last Will and Testament Template - Arizona
An Arizona Last Will and Testament details how a person's possessions and property should be distributed after their death. The document has three main purposes:
- Selecting the beneficiaries to take possession of the individual's property after their death.
- Electing guardians for childcare.
- Setting up a living trust to take care of any animals left behind.
The person making the will is known as the Testator. The Testator must be at of age and of sound mind in order to create their will. The document must be done in writing to be recognized by the court.
The Arizona Last Will is defined by § 14-1201(61) and regulated by Title 14, Trusts, Estates and Protective Proceedings . The document must be signed by two (2) people not mentioned in the will. Download a ready-made template below{class="scroll_to"} or create your own form with our form-builder.
What Is a Last Will and Testament in Arizona?
The Last Will and Testament is a legal document through which an individual is permitted - within the formalities prescribed by law - to control the distribution of their assets and estate. There are three parties to any Last Will:
- Testator - a person who dies leaving a will in force.
- Executor - a person tasked with carrying out the Testator's wishes according to their will.
- Beneficiary - a person, organization or community selected to receive the assets of the Testator.
How to Write a Will and Testament in Arizona?
Each state has its specific requirements that the Last Will and Testament must meet to be legally acknowledged. A Testator is free to choose what to include in their will. The basic instructions for creating a will in Arizona are as follows:
- The Testator must make a list of the people that they would like to elect as beneficiaries.
- The Testator should then create an inventory of all assets (real estate, vehicles, bank accounts) and calculate their worth.
- The money and property must then be split between the selected beneficiaries.
- A portion of the assets that will go towards paying inheritance tax, mortgages and funeral costs should be calculated and included in the will.
In most cases, it is best practice to select an Executor - a person that carries out a testator's wishes in accordance with the will. Any adult 18 years or older and that has never been convicted of a felony can be an Executor for a will.
Download Last Will and Testament Template - Arizona
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