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 refers to the legal process by which unclaimed or dormant property is transferred …
Resealing a Grant of Probate: What It Means and When
When managing the estate of a deceased individual, particularly if assets are held in different regions, you may encounter the need to reseal a Grant of Probate. Whether you are a solicitor, financial advisor, or accountant managing an estate with cross-border elements, understanding when and why a reseal is required can ensure that assets are handled efficiently and within legal …
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