Offshore Bank Account

[Norman and Dijani 0]

Hello,

A friend of mine mentioned that I may want to look into getting an offshore bank account for my fiancee and mayself. They mentioned that in some cases, godforbid, if soemthing happens tome, the bank does not have to legally give the money from a bank account to your spouse if they are not a citizen. I find this hard to believe, but figured it was worth posting on here and see what everyone had to say.

[Krikit 1,165]

I haven't heard anything like that before. Doesn't the Will dictate settlement of the estate? I can't imagine a bank has jurisdiction over a last will and testament.

[payxibka 10,047]

Hello,

A friend of mine mentioned that I may want to look into getting an offshore bank account for my fiancee and mayself. They mentioned that in some cases, godforbid, if soemthing happens tome, the bank does not have to legally give the money from a bank account to your spouse if they are not a citizen. I find this hard to believe, but figured it was worth posting on here and see what everyone had to say.

There are many foreign holders of US bank accounts as well as USC's and LPRs. A US branch of a bank from your fiancee's home country would love your business (I presume).

Edited April 21, 2008 by fwaguy