FlyerTalk Forums - View Single Post - How to get a large amount of money out of China
Old Jun 27, 2019, 12:03 am
  #70  
tauphi
 
Join Date: Apr 2009
Location: HKG
Posts: 1,317
Originally Posted by DaileyB
" I'm surprised that this is all they need normally you'd need some more proof that your son is the sole heir of the asset in question. IOW you'd need the proof that you and any other children of your wife is consenting for this to occur."

Only other heir is 13-year-old daughter. She has substantial money coming to her when she is 18.
The age of the heir is not relevant as she would also be legally entitled to her share. I'm just surprised that the bank did not request for proof that she (or her legal representative) is consenting to this transfer as this could open the bank up to future liability claims.

In my experience accessing bank accounts/funds for deceased persons is a major pain in China as they want you to track down all potential claimants and prove that they all consent. Just one missing person could hold up the process for years.
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