WHAT HAPPENS IF THE DECEASED PERSON HAD ASSETS IN…
If the deceased person had assets in multiple jurisdictions both within Australia and outside of Australia, the administration of their estate can become more complex. Each jurisdiction may have its own laws and procedures for probate or estate administration, which could affect how the deceased person’s assets are distributed.
In general, the process of administering the estate will depend on the laws of the jurisdiction where the deceased person was domiciled (i.e. their permanent place of residence) at the time of their death. This jurisdiction is typically responsible for granting probate or letters of administration, which are legal documents that authorise the executor or administrator of the estate to manage and distribute the deceased person’s assets.
However, if the deceased person had assets in other jurisdictions, the executor or administrator may need to apply for probate or letters of administration in those jurisdictions as well. This can involve working with local lawyers or other professionals who are familiar with the laws and procedures in those jurisdictions.
The process of administering an estate with assets in multiple jurisdictions can be time-consuming and expensive.
It’s important to work with experienced legal and financial professionals who can help you navigate the complexities of cross-border estate administration and ensure that the deceased person’s assets are distributed according to their wishes and in compliance with all relevant laws and regulations.