Question:  “I am an Arizona resident who owns an interest in an Arizona LLC.  Who will inherit my LLC if I die?

Answer:  It depends on whose inheritance plan is used.  If you have a Will or a Trust then you determine who inherits your LLC and other property.  However, if you do not have a Will or a Trust, the State of Arizona’s inheritance plan will govern.  If Arizona’s inheritance plan is the same as yours then the right people or charities will get your property in the proportions you have specified in your Will or Trust.  Unfortunately it is very common for a person’s desired heirs to be different than Arizona’s plan of inheritance.

Do not leave your loved ones unprotected and at the mercy of Arizona’s law of inheritance.  Sign a Will or a Trust and insure that your loved ones will inherit according to your plan, not Arizona’s plan.

For more on this topic see “Who Gets My Property If I Die Without A Will Or Trust?” and “Who Will Inherit Your LLC Membership Interest if You Die?“