Moving to the US
Aug 1st 2006, 1:27 pm
#16
Maño-Americano
Joined: Apr 2003
Location: In the heart of the Ozarks
Posts: 10,216
Re: Moving to the US
Welcome. I am sure most all of your questions have been addressed in this forum, or if not in the US Marriage forum. You seem to want to know how to do everything all at once. Don't be in such a hurry- depending on where you file for the K-1 you will have plenty of time to read up on the varous issues involved (and many you probably have not even thought of yet). Slow down, take a deep breath and start perusing the different forums here at BE....
Aug 1st 2006, 1:29 pm
#17
.
Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: Moving to the US
If I were you i'd keep the UKbank accounts and credit cards open. If your bank hasn't got online access, then I'd open a decent online account (we use first direct) BEFORE you leave, as you may have problems opening one once you're non-resident.
Tell the Inland revenue you're going (can't remember the form you need to return, but it'll be on their website) and then file for getting your savings interest paid gross (if you are earning any - I wasn't when I just graduated
)
If you have shares held as paper, transfer them into either an online custodian account, or get the address transferred to a trusted UK address, some companies won't let you stay in their DRIPs if you have an overseas address (this is probably not strictly legit...worth checking with a professional) And if you hold any unit trusts, check out their rules for overseas residents....
Oh yes, and try to find a financial advisor/lawyer that can advise on the tax/legal impacts of wills, trusts etc on both sides of the pond. And if you find one, let us know please cos we can't!!
Shipping - like someone said, depends on how much you have to move.
Feed the cat, cancel the milk, and tell your mum where you're going!
Tell the Inland revenue you're going (can't remember the form you need to return, but it'll be on their website) and then file for getting your savings interest paid gross (if you are earning any - I wasn't when I just graduated
) If you have shares held as paper, transfer them into either an online custodian account, or get the address transferred to a trusted UK address, some companies won't let you stay in their DRIPs if you have an overseas address (this is probably not strictly legit...worth checking with a professional) And if you hold any unit trusts, check out their rules for overseas residents....
Oh yes, and try to find a financial advisor/lawyer that can advise on the tax/legal impacts of wills, trusts etc on both sides of the pond. And if you find one, let us know please cos we can't!!
Shipping - like someone said, depends on how much you have to move.
Feed the cat, cancel the milk, and tell your mum where you're going!
Aug 1st 2006, 1:31 pm
#18
Powder Maggot
Joined: Nov 2004
Location: Nuevo Mexico
Posts: 4,452
Re: Moving to the US
Originally Posted by Alicia_ta
But will I need to close my bank accounts? Who do I need to tell I'm leaving? What would be a reasonable amount of money to bring with me to tide me over whilst I'm looking for work?
Aug 1st 2006, 1:33 pm
#19
Joined: Mar 2003
Posts: 68,280
Re: Moving to the US
But cancel the milk .... and tell nobody ...
Aug 1st 2006, 1:36 pm
#20
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,020
Re: Moving to the US
Originally Posted by Yorkieabroad
If I were you i'd keep the UKbank accounts and credit cards open. If your bank hasn't got online access, then I'd open a decent online account (we use first direct) BEFORE you leave, as you may have problems opening one once you're non-resident.
Tell the Inland revenue you're going (can't remember the form you need to return, but it'll be on their website) and then file for getting your savings interest paid gross (if you are earning any - I wasn't when I just graduated )
If you have shares held as paper, transfer them into either an online custodian account, or get the address transferred to a trusted UK address, some companies won't let you stay in their DRIPs if you have an overseas address (this is probably not strictly legit...worth checking with a professional) And if you hold any unit trusts, check out their rules for overseas residents....
Oh yes, and try to find a financial advisor/lawyer that can advise on the tax/legal impacts of wills, trusts etc on both sides of the pond. And if you find one, let us know please cos we can't!!
Shipping - like someone said, depends on how much you have to move.
Feed the cat, cancel the milk, and tell your mum where you're going!
Tell the Inland revenue you're going (can't remember the form you need to return, but it'll be on their website) and then file for getting your savings interest paid gross (if you are earning any - I wasn't when I just graduated
) If you have shares held as paper, transfer them into either an online custodian account, or get the address transferred to a trusted UK address, some companies won't let you stay in their DRIPs if you have an overseas address (this is probably not strictly legit...worth checking with a professional) And if you hold any unit trusts, check out their rules for overseas residents....
Oh yes, and try to find a financial advisor/lawyer that can advise on the tax/legal impacts of wills, trusts etc on both sides of the pond. And if you find one, let us know please cos we can't!!
Shipping - like someone said, depends on how much you have to move.
Feed the cat, cancel the milk, and tell your mum where you're going!
I'm sure you are correct about the shares but we have never had a problem and all correspondence is mailed to the US.
Aug 1st 2006, 1:37 pm
#21
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,020
Re: Moving to the US
Originally Posted by AdobePinon
NEVER close your UK bank accounts. And don't give in to any demands that you switch to an offshore account.
Aug 1st 2006, 1:38 pm
#22
Joined: Mar 2003
Posts: 68,280
Re: Moving to the US
Originally Posted by Jerseygirl
I'm sure you are correct about the shares but we have never had a problem and all correspondence is mailed to the US.
Aug 1st 2006, 1:40 pm
#23
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,020
Re: Moving to the US
Originally Posted by Ray
You wait until you try to sell them ...
We are not planning to sell...but never say never.
Aug 1st 2006, 1:41 pm
#24
Forum Regular
Joined: Jan 2006
Location: Manhattan
Posts: 170
Re: Moving to the US
[QUOTE=Alicia_ta]My boyfriend lives in New York and I go over with great regularity, I'm fortunate in so much as many members of my immediate family live within the city.
Hey no wonder you are moving, im in manhattan and love it....dunno whether i would have come here tho if some of my immediate family were here too
hahahahahahaa..good luck !
Hey no wonder you are moving, im in manhattan and love it....dunno whether i would have come here tho if some of my immediate family were here too
hahahahahahaa..good luck !
Aug 1st 2006, 2:11 pm
#25
.
Joined: Nov 2002
Location: Where bad things rarely happen in movies
Posts: 8,933
Re: Moving to the US
Originally Posted by Jerseygirl
I'm sure you are correct about the shares but we have never had a problem and all correspondence is mailed to the US.
Aug 1st 2006, 2:17 pm
#26
SUPER MODERATOR
Joined: Dec 2005
Posts: 88,020
Re: Moving to the US
Originally Posted by Yorkieabroad
Yeah, some of them are OK, but Marks and Spencer and someone else (can't remember which - maybe Abbey National/Santander?) just wrote to me and told me that they'd cancelled my DRIP as under the terms of the scheme it wasn't available to non-residents. Others such as Shell, BP etc didn't cause a problem.
Aug 1st 2006, 2:59 pm
#27
Account Closed
Joined: Apr 2006
Posts: 1,812
Re: Moving to the US
Originally Posted by Ray
I will think about it the day before it arrives ....
Aug 1st 2006, 3:35 pm
#28
Forum Regular
Joined: Nov 2004
Location: Connecticut
Posts: 286
Re: Moving to the US
Originally Posted by Alicia_ta
What processes do I need to follow in order to organise this move.
How can I ship my stuff to the USA?
Is it best to move everything at once or on a rolling basis?
When in the USA how do I organise stuff such as social security number etc?
Will my degree be recognised in the USA?
Any general advice would be great.
How can I ship my stuff to the USA?
Is it best to move everything at once or on a rolling basis?
When in the USA how do I organise stuff such as social security number etc?
Will my degree be recognised in the USA?
Any general advice would be great.
Gonna pretty much repeat what they said, but here's my experience in moving to NY
a) Shipping stuff > I was looking into getting a shipping company but they cost WAYYYYY too much imo. I would sell all the big goods and take as much of the other stuff in the next few trips you have. Or gets friends/family to take it over if they come for the wedding
b) SSN etc will be all part of your visa process. We got all the help we needed off http://www.visajourney.com/
c)Y es your degree will be recognised (at least mine is in NY for what i've applied for so far) shouldn't have a problem there.
d) student loan. Call them up, tell them that you are going and then they ask you to send evidence and then they will will write to you again in a year. Like they all said, keep your UK account open and you can send money back when you start paying it again. www.xe.com is good for sending money back and forth.
Best of luck! and and bring some suntan lotion it's dam hot in NY at the mo
Aug 1st 2006, 4:11 pm
#29
redneck scouser
Joined: Jul 2006
Location: LiverpoolUK-Arizona-Kansas City
Posts: 162
Re: Moving to the US
Originally Posted by AdobePinon
NEVER close your UK bank accounts. And don't give in to any demands that you switch to an offshore account.
Aug 1st 2006, 4:13 pm
#30
Joined: Mar 2003
Posts: 68,280
Re: Moving to the US
Originally Posted by andie&jase
Why must we never close our UK bank accounts?
Last edited by Ray; Aug 1st 2006 at 4:15 pm.