U.S. Estate Tax Rules for Non-Residents: The $60,000 Threshold Cross-border estate administration can be challenging, particularly when it involves U.S.-based assets. One of the most important rules that executors, solicitors, and beneficiaries need to be aware of is the U.S. estate tax threshold for non-resident, non-citizens. This rule often comes as a surprise, especially to […]
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Protecting Your Assets from Escheatment What is a Grant of Probate Reseal? When financial assets remain dormant or unclaimed, they may be transferred to government custody under a process known as escheatment. This can affect securities, dividends, bank accounts, and other holdings, particularly where estates or cross-border matters are involved. In this video, we explore
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Escheatment in US Assets Held in UK Estates When managing estates with international assets, complexities abound. One such complexity is escheatment—a process that can significantly impact estates with US-based assets. In this article, we explore escheatment, its implications for UK estates with US holdings, and how practitioners can mitigate its risks. What is Escheatment? Escheatment
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