How to give access of a OCI holders USA Assets to family in India

[njay73]

I am Indian born USA citizen with OCI status. I am single in USA so I am trying to figure out a best way to give acess to my assets at least liquid money to my family ( Mother, Brother, Sister etc.) who live in India. I have not found any good sugession so far. Your site seems very informative and hoping you you could give me some direction to resolve this issue. Idealy I will like to set up some account with joint acess so that in case of my death my family gets my Money without traveling to USA.

[txh1b]

Are you trying to provide access to the money in case something happens to you or as easy access in terms of day to day use if needed?

The only way to provide access in case something happens to you is by means of an Estate. Talk to a lawyer that is familiar with estate planning and wills.

If you want them to have access to bank accounts etc, You can send them an ATM/Debit card with the PIN for them to withdraw money as needed overseas.