On Mar. 31, 2025, AZ LEG reported governor signed bill, assigned Chapter 24.
On Mar. 26, AZ LEG passed bill on affidavit recovery of property.
AZ LEG passed HB 2116 re decedent property that can be recovered by an affidavit.
Amended AZ LEG 14-3971 on the collection, affidavit succession of real property.
Bill Provisions
30 after the decedent's death a successor to the decedent's estate may recover property by presenting an affidavit to a person indebted or with obligation to decedent.
Increased the limit of the value of all personal property in a decedent's estate that can be claimed by a successor of a decedent through use of affidavit from $75k to $200k.
Changed the limit of the value of all real property in a decedent's estate that can be claimed by a successor of a decedent through an affidavit, from $100k to $300k value.
Legislative History
On Jan. 28, 2025, bill introduced in House; on Feb. 24, 2025, bill was passed in House.
On Feb. 27, 2025, bill delivered to Senate; on Mar. 25, 2025, bill passed in Senate
On Mar. 26, 2025, bill was delivered to governor; bill pending governor review.
Effectiveness
Upon approval, bill effective on Jul. 29, 2025, 90 days after Apr. 26 adjournment.
Mar. 2025 AZ LEG Governor Approval
On Mar. 31, 2025, AZ LEG reported governor signed bill, assigned Chapter 24.
Regulators
AZ LEG
Entity Types
CNSM; Corp; Fiduciary
Reference
Bill, Ch 24, 3/31/2025; Bill HB2116, 3/26/2025; Citation: AZ LEG 14-3971;
Functions
Actuarial and Valuation; Compliance; Financial; Legal
