Legal Question in Wills and Trusts in Illinois
Law for assets of a deceased person
How are a deseased person's assets handled when they are in more than one state? Are the assests handled in the state that the assets are in or are they handled by the state where the person resided at death?
Asked on 2/10/07, 1:10 pm
1 Answer from Attorneys
Jeffrey R. Gottlieb
Law Offices of Jeffrey R. Gottlieb, LLC
Re: Law for assets of a deceased person
Real estate is administered in the state where it is situated. All other property is handled in the state where the decedent was domiciled. Actual domicile can sometimes be an issue when persons lived in multiple states, but it is generally where the decedent last lived and intended to remain.
Answered on 2/10/07, 1:34 pm