small estate; affidavit; limits

HB 2116 updates Arizona's small estate transfer rules, allowing heirs to claim personal property and real estate without court-appointed probate if the estate's value stays below new limits. It raises the threshold for personal property (from $75,000 to $100,000) and real property (from $100,000 to $150,000) as of the decedent's death. Heirs can use a sworn affidavit to transfer assets like vehicles, bank accounts, or property after 30 days (for personal property) or six months (for real estate), provided they confirm funeral/medical expenses and debts are paid. This directly affects Arizona residents inheriting smaller estates who would otherwise need to navigate formal probate court. The changes apply to all estates valued under these thresholds, streamlining transfers for qualifying heirs.