HELPFUL DEFINITIONS

Helpful Definitions Pursuant to A.R.S.14-1201

Agent
Application
Basis for Compensation
Beneficiary
Beneficiary designation
Child
Claims
Community property
Conservator
Court
Dependent child
Descendant
Devise
Devisee
Disability
Distributee
Estate
Exempt property
Fiduciary
Foreign personal representative
Formal proceedings
Governing instrument
Guardian
Guardian ad lite
Heirs
Incapacitated person
Informal proceeding
Interested person
Issue
Joint tenants with the right of survivorship
Lease
Letters
Minor
Mortgage
Nonresident decedent
Organization
Parent
Payor
Person
Personal representative
Petition
Proceeding
Property
Protected person
Protective proceeding
Registrar
Security
Separate property
Settlement
Special administrator
State
Successor personal representative
Successors
Supervised administration
Survive
Testacy proceeding
Testator
Trust
Trustee
Ward
Will
[learn_more caption=”Agent”]

Agent” includes an attorney-in-fact under a durable or nondurable power of attorney, a person who is authorized to make decisions concerning another person’s health care and a person who is authorized to make decisions for another person under a natural death act.

[/learn_more][learn_more caption=”Application”]

Application”means a written request to the registrar for an order of informal probate or appointment under chapter 3, article 3 of this title.

[/learn_more][learn_more caption=”Basis for Compensation”]

Basis for Compensation” means hourly rate, a fixed fee or a contingency fee agreement and reimbursable costs.

[/learn_more][learn_more caption=”Beneficiary”]

Beneficiary”as it relates to a trust beneficiary, includes a person who has any present or future interest, vested or contingent, and also includes the owner of an interest by assignment or other transfer. As it relates to a charitable trust, beneficiary includes any person entitled to enforce the trust. As it relates to a beneficiary of a beneficiary designation, beneficiary refers to a beneficiary of an insurance policy or annuity policy, an account with pay on death designation, a security registered in beneficiary form or a pension, profit sharing, retirement or similar benefit plan, or any other non-probate transfer at death. As it relates to a beneficiary designated in a governing instrument, beneficiary includes a grantee of a deed, a devisee, a trust beneficiary, a beneficiary of a beneficiary designation, a donee, appointee or taker in default of a power of appointment and a person in whose favor a power of attorney or a power held in any person, fiduciary or representative capacity is exercised.

[/learn_more] [learn_more caption=”Beneficiary Designation”]

“Beneficiary Designation” refers to a governing instrument naming a beneficiary of an insurance or annuity policy, of an account with pay on death designation, of a security registered in beneficiary form or of a pension, profit sharing, retirement or similar benefit plan, or any other non-probate transfer at death.

[/learn_more]