Arizona Republic: The Arizona Legislature approved two bills changing the way probate court operates. The Legislature hopes the new changes will prevent lawyers and and individual’s managing the assets of of incapacitated individuals from charging excessive fees and depleting the assets of those incapacitated individuals. Supporters of the law expressed disappoint that the law failed to contain a provision requiring lawyers and asset managers to provide the probate court with a budget before being appointed by the probate court. However, a rule will most likely be enacted by the Arizona Supreme Court requiring those individuals who wish to serve in such a role to submit a budget to the probate court.
On the Net2011-05-23T08:44:04-07:00May 23rd, 2011|Estate Fights, Estate Planning|
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