small estate affidavit?

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date small estate affidavit? eric 11-17-2006  Re: small estate affidavit? mjlamsfuss 11-23-2006
Posted by eric on November 17, 2006, 11:10 am Hi, 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. Posted by mjlamsfuss on November 23, 2006, 5:38 am 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 http://www.michaellamsfuss.com eric wrote: > Hi, > 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. Similar Threads Posted one small point about HSA accounts October 24, 2007, 10:46 am Making a small investment September 28, 2008, 7:12 am Article on John Bogle & Small Cap Indexing? June 11, 2008, 8:35 am Estate Attorneys October 5, 2006, 7:14 pm Distributing Estate September 10, 2007, 12:52 pm Real Estate September 2, 2007, 2:23 pm Re: Estate planning: Attorney or CPA? November 13, 2006, 4:58 pm Estate Tax A/B Trust Question January 12, 2007, 4:59 am Real Estate vs. Stocks May 19, 2007, 10:26 am Hypothetical estate distribution July 9, 2007, 10:39 am