I feel lucky that DJDJ offers free legal counselling hotline 8525 7135 (护法银龄) exclusively to its paying customers. I will consider paying them for their professional advice.

Imagine one aging parent has 6M of life expectancy. I described my two choices to the legal counsellor. They said #1 (one-shot) is superior:

#1) leave a large cash balance in the aging parent’s bank account. Rely on official SAFE regulation to get the three inheritance amounts released in one shot

Observation: It takes less than “several months” to get the cash distributed to 3 survivors.

Rule: Using authenticated proof, you (and I) can engage SAFE to get your portion released. Few bankers know how to do it, but Bryan Du said HSBC has experience with inheritance by foreign passport-holders.

#2) move cash out of the aging parent’s bank account in advance, to avoid inheritance tax… but there’s no inheritance tax regulation as of 2024.

They also advised me to call SAFE gov hotline… who are familiar with foreign passport holders taking out inheritance. I get the impression that this particular gov system (SAFE) is not so bureaucratic, inefficient, ineffective.

Observation: Inheritance law has been proposed many times but still not implemented. It may take years.

PRC gov policy may relax or tighten (close loopholes) capital control any time, but inheritance law is more stable.