Wednesday, July 12, 2017
Ann M. Seller recently published an Article entitled, The Transfer Certificate: The Teeth in the US Estate Tax Bite, Trusts & Trustees (2017). Provided below is an abstract of the Article:
Individuals living outside of the USA who have inherited a US Asset from a non-US Person are often faced with the challenge of obtaining a Transfer Certificate in order to acquire title to the inherited US Asset. The process for obtaining a Transfer Certificate is arduous and often quite expensive. This article provides an overview of the purpose of a Transfer Certificate and the process for obtaining one. The article also suggests planning techniques for the legitimate avoidance or streamlining of the process or for acquiring a Transfer Certificate.