If one has a crystal ball and knows when his/her time will come, then one can liquidate his/her assets ahead of time. That's not always the case. My sister's husband passed away suddenly from a heart attack at age 53. Fortunately, they were both US citizens, and had their accts set up with beneficiary designations, so all of his assets transferred over to her without issue. I am not allowed to designate my Thai wife as beneficiary on some of my US accts. And, for the ones I can designate her as beneficiary, she would need to get a visa (highly unlikely) to enter the US and present herself in person to collect. That's why I've made other plans for the money I'm leaving to my wife.
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