When non-UK shareholdings and assets have a value so that an informal procedure such as a ‘Small Estate Procedure’ cannot be used, it is necessary to obtain probate or equivalent in the jurisdiction in which those shareholdings and assets are situated. Where those assets are situated in jurisdictions within the Commonwealth, or in certain circumstances formerly so, such as Australia, …
English Will with assets under Sharia Law
Probate – The impact of Sharia Law We are starting to get more enquiries for help in Dubai, and several cases are still in the early stages, although clients should remember that whilst it is possible to have an English Will which deals with assets such as bank accounts in Dubai, Sharia law applies generally in Dubai with its compulsory …
Australian Assets – Probate Reseal
Australian Assets – Reseal British Grant of Probate in Australia When a deceased owns Australian assets, the executor of the Will is required to obtain the reseal of the English Grant of Probate by the Australian authorities to be able to either sell the assets or transfer them to the beneficiary. Under the Colonial Probates Act 1982, a British Grant …
English deceased with over $60,000 US assets
US assets and probate administration The deceased had shares in a publicly quoted company in the USA. In the US, procedures vary widely from state to state and are not consistent. In addition, there are considerable delays in obtaining replies from share registrars, and frequently wrong information is given. Also, Medallion Guarantees are needed and documents are required to be …
Malaysian assets – Successfully cutting the red tape
English Will – How to recover Malaysian assets? The deceased owned shares in several Malaysian companies. First, it was necessary to ascertain ownership of the shares, which in the absence of a statement from Bursa Malaysia or the original share certificates proved difficult. We nevertheless were able to instruct local solicitors to apply for a Reseal of the English Grant …
Cadbury – Dr Pepper & Snapple Spin-off
The Importance of Direct Registration Statement – Cadbury Case When Cadbury spun off its Dr. Pepper and Snapple brands in 2008, it created a US Company and issued shares in that company to existing Cadbury shareholders. Usually, the English shareholders simply received a Direct Registration Statement from Computershare stating how many Dr. Pepper Snapple shares were owned by the English …