British Expats - Proof of inheritance

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- - Proof of inheritance (https://britishexpats.com/forum/usa-57/proof-inheritance-889975/)

Re: Proof of inheritance

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My concern is that if this loan company is not satisfied with a letter from me as an Executor, then we will have the added expense of getting a copy of the will certified and posted to the USA

I would send a copy of the will, a copy of the document from the solicitor and a letter from you as executor. That should be enough. I wouldn't pay for certified copies at this time.

Re: Proof of inheritance

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Originally Posted by tom169 (Post 12150175)

A lot of it stems down to money laundering - and spotting it. It's a huge part of financial compliance nowadays.

I know, I stated that in my earlier post. The biggest concern is funding terrorism

Re: Proof of inheritance

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Originally Posted by Just_Joy (Post 12150170)

I'm not saying I wouldn't give them the information they're asking for, especially in this case, I'm just saying I would question why they wanted it. .....

I would even recommend against that - customers asking "awkward questions" under this sort of circumstance are likely to be referred internally for review and investigation (by the bank/loan company's Compliance department) for possible, and I would suggest likely, referral via a Suspicious Activity Report, as I described above. The reason being, that it looks like they have something to hide.

Quote:

..... sounds more like they are interested in who the other loan is with and what the interest rate is so they can counter offer.

And I believe that you are incorrect because if the loan has already been disbursed it is too late to counter with another loan offer. :nod:

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Originally Posted by Just_Joy (Post 12150186)

I know, I stated that in my earlier post. The biggest concern is funding terrorism

Not really, though you might think so if you relied on the mainstream media. Money laundering is a much wider issue than that, and it catches out a LOT of innocent individuals in collateral damage. Many of those are people who try to be smart-Ã¤rÂ§es, fÃ¤rt around with their transactions, or asking questions about the reason for information being requested.

Re: Proof of inheritance

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I would even recommend against that - customers asking "awkward questions" are likely to be referred internally for review and investigation

I like living on the edge lol.

Re: Proof of inheritance

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Originally Posted by Scots in Treignac (Post 12150165)

We were given the Scottish equivalent of Probate by the solicitor, so we have a document which contains a monetary value of the estate, but after that my wife and I did the work of consolidating the various funds and then distributing the money in accordance with the will and the instructions of trusts.

My concern is that if this loan company is not satisfied with a letter from me as an Executor, then we will have the added expense of getting a copy of the will certified and posted to the USA

As executor, didn't you have to file a UK Revenue form R185 (statement of income from estates)? That has the distribution of the estate as an attachment and would provide the information you need.