Which state for a will?

[Foxx]

I am not an American citizen, or domiciled there.  I do have three brokerage accounts with a broker in Connecticut.  I am planning on making a will covering my US assets (just the brokerage accounts).  I understand that the will needs to be written according to the rules of a specific state.  Should I choose Connecticut? Or should I choose one of the reputedly "easier" states?

 

Thanks.

[GypsyT]

Be ready for a long wait! There's no good one.

Your own attorney may drag it to the max to get more billing hours.

https://www.nycprobate.com/probate-blog/average-times-probate-states/

 

"Connecticut: 12-24 months
Connecticut’s probate process can take a year or more to complete, with more complex estates or those with disputes taking up to two years."

 

There are better ones on the list but who knows how reliable this list is?

 

 

 

 

[jas007]

3 hours ago, Foxx said:

I am not an American citizen, or domiciled there.  I do have three brokerage accounts with a broker in Connecticut.  I am planning on making a will covering my US assets (just the brokerage accounts).  I understand that the will needs to be written according to the rules of a specific state.  Should I choose Connecticut? Or should I choose one of the reputedly "easier" states?

 

Thanks.

You should be able to designate a beneficiary for the accounts right on the brokerage sites.  If you want a back up will, that's fine, but it might not be necesary, depending on your circumstances.  

[Foxx]

34 minutes ago, jas007 said:

You should be able to designate a beneficiary for the accounts right on the brokerage sites. 

 

My broker (IBKR) has told me that only American citizens can designate a beneficiary.  The wording on the relevant "help" page is misleading.

[KhunLA]

@Foxx Are you a resident alien of USA ?

[Foxx]

40 minutes ago, KhunLA said:

@Foxx Are you a resident alien of USA ?

 

No.  No have no connection to the USA whatsoever other than my brokerage accounts there.

[KhunLA]

9 minutes ago, Foxx said:

 

No.  No have no connection to the USA whatsoever other than my brokerage accounts there.

If resident alien, Fidelity Investments allows to select beneficiary. 

 

Good Luck