Inheritance

Old Mar 28th 2018, 2:55 am
  #1  
Forum Regular
Thread Starter
 
Joined: Jun 2012
Location: Seattle
Posts: 90
nearpost1 is an unknown quantity at this point
Default Inheritance

I have lived in the U.S. forty years. My father passed away recently back in England. His solicitor is executor on his will and I am the beneficiary. I will be back in England for the funeral next week, but will be back in the U.S. before the Grant of Probate is received, and dads estate wrapped up later this year. There is no real estate to dispose of, just money in a bank account which will come to me once funeral and care home are fully paid.

It may seem strange, but I simply cannot get a straight answer via email from the solicitor re the following. Will my physical presence be required later this year, back in the solicitors office in England, or, can any paperwork that I need to sign, be signed via mail, e mail, DocuSign, notary public etc. I am trying to avoid an additional trip to England.

I would be grateful for any input from a fellow ex pat who has previously been through this.

Thank you.
nearpost1 is offline  
Old Mar 28th 2018, 7:03 am
  #2  
BE Enthusiast
 
Joined: Nov 2012
Posts: 823
Cook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond repute
Default Re: Inheritance

I cannot think of a reason why you might be needed. The cash might incidentally be 8938 & FBAR reportable once it is yours...but that is a US obligation not a UK one.
Cook_County is offline  
Old Mar 28th 2018, 1:53 pm
  #3  
Deep in the woods of CT
 
Nutmegger's Avatar
 
Joined: Feb 2010
Posts: 6,032
Nutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond reputeNutmegger has a reputation beyond repute
Default Re: Inheritance

Originally Posted by Cook_County View Post
I cannot think of a reason why you might be needed. The cash might incidentally be 8938 & FBAR reportable once it is yours...but that is a US obligation not a UK one.

Seconded --in similar circumstances there wasn't one document that I signed. The executor took take of everything.
Nutmegger is offline  
Old Mar 28th 2018, 4:15 pm
  #4  
BE Enthusiast
 
Joined: Nov 2012
Posts: 823
Cook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond reputeCook_County has a reputation beyond repute
Default Re: Inheritance

PS - We are travelling to a stone-setting soon about 12 months after death; but this is personal choice so not a legal requirement.
Cook_County is offline  
Old Mar 29th 2018, 9:34 pm
  #5  
BE Forum Addict
 
Joined: Aug 2013
Location: Eee Bah Gum
Posts: 2,679
durham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond reputedurham_lad has a reputation beyond repute
Default Re: Inheritance

Originally Posted by Nutmegger View Post
Seconded --in similar circumstances there wasn't one document that I signed. The executor took take of everything.
Similar here, and for my wife when her father died. In both cases after the executor sold the house, collected and distributed the money to the 4 heirs we just had FBAR reporting to take of as the money was distributed to our UK bank. (It was well below the limit for FATCA reporting on our US tax return).
durham_lad is offline  
Old Mar 29th 2018, 10:18 pm
  #6  
Forum Regular
Thread Starter
 
Joined: Jun 2012
Location: Seattle
Posts: 90
nearpost1 is an unknown quantity at this point
Default Re: Inheritance

Well all this is very reassuring. Thank you very much
nearpost1 is offline  
Old Mar 30th 2018, 8:15 pm
  #7  
BE Forum Addict
 
rpjs's Avatar
 
Joined: Sep 2010
Location: Sleepy Hollow, New York
Posts: 2,520
rpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond reputerpjs has a reputation beyond repute
Default Re: Inheritance

Yup, my father passed away a couple of years ago. I was the executor so had some paperwork to complete with my solicitor before I returned to the US. Myself and my brother were the only beneficiaries and all my brother had to do was give me his bank a/c details to pass on to the solicitor for him to receive his share when the house was sold and the estate wrapped up.

As you are not the executor yourself, if you’re intending to have the residue of the estate wired directly to you in the US by the executor, you shouldn’t need to deal with FBAR or 8938 reporting. You may if the money is over the limits and spends any time in a UK bank account that you have authority over.
rpjs is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.