Be careful if you have shares in companies quoted on Euronext, as unlike the more established markets, there are no market makers which match buyers with sellers for a price (usually close to the market price). EURONEXT sells shares on an auction based system, which means you simply offer the shares for sale, and see if anyone makes an offer …
Form 706-NA (March 2013)
SAVE TIME AND MONEY BY OUTSOURCING THE COMPLETION OF FORM 706-NA You need to also file the Form 8821 at the same time as Form 706-NA so that the US IRS will correspond with you as the filer of the Form 706-NA. Even though incorrect, the US IRS prefers to see a “Zero” on lines 12, 14 and 16; and …
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 …
Form 706-NA (November 2012)
Recent Case Involving Form 706-NA We have recently had a case where a deceased died in 1965 and the family have only just come forward seeking help. In this case we are being allowed to use the Form for April 1962 which was the Form as at the date of death, and not the current Forms. At that time, the …
Form W-8BEN (November 2012)
Form W-8BEN Revision The form is being revised as from 17th July 2012 to come into effect in December 2012. In reality, only the certification clause has changed. Although the new version is readily available, it should not be used until it actually comes into force. A new Form W-8BEN-E should also coming into force in December 2012 which will …
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 …
Form W-8BEN (May 2012)
US Internal Revenue Service (IRS) Rejecting the Form W-8BEN We have been informed that the US Internal Revenue Service (IRS) has been rejecting Form W-8BEN produced by share registrars and insist upon the production of the IRS Official Form. This form has to be filed with the company registrars to prevent withholding taxes being applied to dividend payment. Anyone holding …
Federal Transfer Certificate (Form 706-NA & Form 5173 May 2012)
About the Form 706-NA & Form 5173 If on the date of the death, the deceased’s assets (shares, bank accounts, furniture, land & property) are worth more than US$60,000, executors have to fill out the Form 706-NA within 9 months of the death. A year after its submission, the IRS will issue the Form 5173 otherwise known as the Federal Transfer Certificate. …
BNY Mellon Takeover
BNY Mellon Takeover Aftermath Following the takeover of BNY Mellon Shareowner service by Computershare, it takes at least 3-6months for BNY Mellon to transfer shares from the deceased to the Executors from the time that all the documents are submitted to them for processing. Taking advantage of Share Data’s comprehensive valuation service is easy. Simply call us on +44 01403 …
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