Q: Is it legal if I open an account in Vanguard or Fidelity, in USA, and name my son as the only beneficiary? I am married.
In Puerto Rico, the law entitles the spouse to receive as much as the children, the same amount, of an inheritance. Does the money in a bank or invested in the USA count for the inheritance or only the money in Banks in Puerto Rico? I don’t want to do anything illegal. Thank you for your response.
A:
Hello and thank you for using Justia. The best way to avoid doing anything illegal is to create a Testament and specify what each inheritor shall get.
If you need additional information please feel free to contact me directly.
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