Does it matter what state I live in?

Does it matter what state I live in?

Posted in the Personal Finance Forum

Since: Dec 12

Location hidden

#1 Jan 4, 2013
When getting a will, does it matter what state I live in?

Since: Dec 12

Location hidden

#2 Jan 4, 2013
The laws of the state in which a person is domiciled determine a number of matters affecting a decedent. If, for example, the decedent dies without a will, state law dictates who inherits the property. State law may affect taxation of the estate (some states have no death taxes, while others have estate or inheritance taxes).

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