Eric, Non US citizens can be named the beneficiary of a life insurance policy whether or not they reside in the States. As for other assets, let me consult with my estate attorney. Michael
Read the full replyHi, what is the best way to transfer small assets (less than $100,000) to one's beneficiaries at death, if the beneficiaries are not US citizens and live outside the US?
I understand that in California the assets can be collected simply with a Small Estate Affidavit. Is this possible also if the beneficiaries live abroad? If so, how does the claiming procedure work? Is a will necessary? Would a payable on death bank account be better?
thanks.
Eric,
Non US citizens can be named the beneficiary of a life insurance policy whether or not they reside in the States. As for other assets, let me consult with my estate attorney.
Michael
eric wrote:
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