Monday, March 2, 2015

A wife dies intestate in Virginia, her lifetime home. She owned stock in a Texas company which, under Virginia laws of intestacy, passes to ...

Question

A wife dies intestate in Virginia, her lifetime home. She owned stock in a Texas company which, under Virginia laws of intestacy, passes to her husband. Will the Texas stock transfer agent be governed by Virginia Estate Laws, or Texas Estate Laws?



Answer

Virginia's, I would think, which is where the decedent's estate has been presumably created and will be finally settled.



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