What Is an Affidavit of Domicile?
An affidavit of domicile is a sworn legal statement that confirms the deceased person’s permanent residence at the time of death. Banks and other financial institutions often need it to release assets like stocks, bonds, or mutual funds. It helps the probate court decide which state’s rules apply and ensures the estate is handled correctly. The executor or personal representative usually fills out this form and may need to get it notarized.
The table below explains common terms you’ll see when working with an affidavit of domicile.
| Term | Definition |
|---|---|
| Deceased | The person who has died. |
| Executor | Manages estate debts and asset distribution. |
| Beneficiary | Person receiving assets from the estate. |
| Domicile | Primary residence of the deceased. |
| Probate Court | Oversees the execution of the will. |
| Securities | Ownership in a publicly traded company. |
| Estate Account | Used for estate transactions post-death. |
What to Include
In situations where the deceased had more than one home, their domicile is where they have voted and paid taxes. Executors or affiants must sign the affidavit of domicile before a notary public and swear that its information is accurate.
The most common terms included in an affidavit of domicile are:
- Deceased: The person who has died.
- Estate: The real and personal property of the deceased.
- Executor of the estate: The person named in the will to manage debts and distribute assets. This person may also be referred to as the executor of the will.
- Beneficiaries: The individuals identified in the will to receive estate assets.
When You Need an Affidavit of Domicile
An affidavit of domicile is needed in the following situations:
Transfer of Securities
If you are the executor of an estate, you must complete this document to transfer the deceased’s securities to their beneficiaries. Financial brokers use this affidavit to verify the deceased’s residence and determine which state’s estate and inheritance taxes apply.
Financial brokers will need this affidavit to confirm the decedent’s domicile before processing asset transfers.
Security Accounts
Each security account requires a separate affidavit of domicile. For example, if the deceased held stock in Company A, Company B, and Company C, you would need three affidavits of domicile to transfer these shares to the beneficiaries.
Consequences of Not Having an Affidavit of Domicile
Potential consequences of not having an affidavit of domicile include:
- Difficulty in transferring assets: Ownership of the securities cannot be transferred to the appropriate beneficiary. The beneficiary cannot cash them for the proceeds deposited into the estate account.
- Delay in estate administration: The deceased person’s estate distribution to the beneficiaries may be delayed, potentially leading to lawsuits.
- Disputes among beneficiaries: Establishing the decedent’s intended jurisdiction for estate distribution may be more difficult, potentially leading to disagreements among heirs and prolonged legal proceedings.
If the jurisdiction is unclear, disputes among heirs could delay the estate settlement.
How to Write
To ensure the validity of your affidavit of domicile, follow these steps:
1. Provide Affiant Information
Start by providing details about yourself, the person creating the affidavit. Include your name and role in the estate, such as:
- Executor
- Administrator
- Heir
- Survivor
2. Provide Decedent Information
Next, fill in details about the deceased individual (the decedent). This includes:
- Name
- Date of death
- Social Security Number (SSN)
- Address
- Length of residence
Notarization verifies the authenticity of the affidavit and can prevent future disputes.
Affidavit of Domicile Sample
Below is a sample of an affidavit of domicile.
Frequently Asked Questions
What Is the Purpose of an Affidavit of Domicile?
The purpose of an affidavit of domicile is to confirm the deceased person’s primary place of residence. It helps establish the jurisdiction for estate matters and is necessary for transferring assets like securities to beneficiaries.
Can You Use an Affidavit of Domicile for Multiple Properties?
Yes, if the deceased owned multiple properties, you may need to submit an affidavit of domicile for each property to determine the correct legal jurisdiction for transferring assets and settling the estate.
Is an Affidavit of Domicile the Same as a Will?
No, an affidavit of domicile is not the same as a will. A will outlines how the deceased’s estate should be distributed, while an affidavit of domicile confirms the deceased’s primary residence for legal and tax purposes.
Who Can Sign an Affidavit of Domicile?
An affidavit of domicile must be signed by the executor or another authorized person involved in managing the estate, such as an administrator or legal representative, and notarized to ensure its authenticity.
Do You Need a Lawyer to File an Affidavit of Domicile?
While you don’t always need a lawyer to file an affidavit of domicile, it’s a good idea to consult one if the estate is complicated or if you are unsure about the legal requirements in your jurisdiction.
How Long Does It Take to Process an Affidavit of Domicile?
The processing time for an affidavit of domicile can vary depending on the jurisdiction and whether all necessary documents are provided. It typically takes a few days to a few weeks for the affidavit to be filed and accepted by relevant authorities.
Can an Affidavit of Domicile Be Challenged?
Yes, an affidavit of domicile can be challenged if there is a dispute about the decedent’s primary residence or the accuracy of the information provided. In such cases, legal proceedings may be required to resolve the matter.