How to Collect the US Account of a Deceased Foreigner

E142 How to Collect the US Account of a Deceased Foreigner

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How to Collect the US Account of a Deceased Foreigner

We help a LOT of non-US heir collect their US inheritance.

So, for example
– Aunt Barbara was a UK citizen, and lived/died in Spain
– But she had a few US bank and brokerage accounts >$200k
– How do Barbara’s nieces and nephews legally get their US inheritance?

In this high-level summary, we’ll describe:

Step 1: Go to local probate court
Step 2: Go to US probate court
Step 3: Get US tax clearance

And lastly, I’ll describe a few of the seemingly simply tasks that can cause surprisingly long delays

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E129 How to Collect a Deceased Person’s Bank Account

E129 How to Collect a Deceased Person’s Bank Account

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Today we’ll walk you through how to collect a deceased person’s bank account.

There are a few possible twists, turns, and surprises. So we’ll try to prep you, to make it as easy as possible for you.

Today we’ll cover:

  1. Frozen bank accounts
  2. Don’t forge!
  3. Joint accounts
  4. When you need probate

Lastly, we’ll save you some time be telling you about the next step you should prepare to collect a deceased person’s bank account

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E125 What Happens to Your Online Life When You Die

E125 What Happens to Your Online Life When You Die

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How much time do you spend on social media?

Is it fair to say you spend enough time on there, post enough pics, rants, etc. to say that it’s a part of your legacy? Your time on earth?

If you agree, then you’ll probably also care about what happens to your online when you die.

 

Today we’ll cover what happens to your

  1. Social media accounts
  2. Other popular digital/online accounts
  3. Email accounts

Lastly, I explain how one of the biggest social media companies is very weird about your accounts when you die.

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READ

Pick up my books on personal finance, probate, and executors. Reviews always appreciated!

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JOIN

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WATCH

Subscribe to my YouTube channel

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LISTEN

Subscribe to the “Simple Money Wins” podcast at:

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E114 Things to Do Upon the Death of a Family Member

E114 Things to Do Upon the Death of a Family Member

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I understand it’s hard to get organized when someone has died. But as a professional executor for hundreds of families, I’ve seen how important it is to avoid legal, tax, and most importantly family problems.

Today we’ll cover:
6 things to do immediately
7 things to do within first week
2 things to do within month
5 things to do AFTER choose lawyer and executor

Lastly, I’ll share 3 power tips on how even following these steps may not be enough to avoid long-term problems

==========

READ

Pick up my books on personal finance, probate, and executors. Reviews always appreciated!

==========

JOIN

Sign up to my email list for Free giveaways and book announcements

==========

WATCH

Subscribe to my YouTube channel

==========

LISTEN

Subscribe to the “Simple Money Wins” podcast at:

==========

E112 What Happens to Your Stocks When You Die

E112 What Happens to Your Stocks When You Die?

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Stocks are your piece of the US economy, and can represent years or decades of patient compounding.

You it’s probably really important to you what happens to your hard earned investments when you pass away.

It mostly depends on how you own your stocks.

We’ll cover what happens to your stock when you die:

  1. With a trust
  2. With named beneficiaries
  3. With a will
  4. With no plan

And lastly, we’ll explain why the speed of these different choices matters so much.

==========

READ

Pick up my books on personal finance, probate, and executors. Reviews always appreciated!

==========

JOIN

Sign up to my email list for Free giveaways and book announcements

==========

WATCH

Subscribe to my YouTube channel

==========

LISTEN

Subscribe to the “Simple Money Wins” podcast at:

==========

E99 6 Reasons Being Executor is Difficult

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I’ve been executor for hundreds of estates, and there’s NEVER been an “easy” estate. I can only imagine how hard it must be for grieving family.

It’s easy to see why outsourcing/delegating executorship to professionals will be a big thing very soon.

Links:

https://www.newyorkprobatelawyerblog.com/new-york-administrators-and-ex/

http://disinherited.com/executortrustee-must-decide-not-delegate/

https://www.theglobeandmail.com/globe-investor/retirement/retire-family/being-executor-of-a-will-likely-most-stressful-experience-youll-ever-have/article28129702/

https://info.legalzoom.com/suing-executor-21733.html

https://smartasset.com/estate-planning/executor-fees

 

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

All my books at https://www.amazon.com/-/e/B07KY2JDGR

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E96 Probate Case Study: How Banks Will Drive You Crazy in Probate

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You’ve probably heard that probate is stressful and frustrating. But how, exactly?

 

Here’s a recent example that could drive non-professional executors loco

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“How Probate Works” on Amazon https://amzn.to/2Eld2DF

 

“How to Buy Your Perfect First Home” on Amazon https://amzn.to/2EjdDH9

 

All my books at https://www.amazon.com/-/e/B07KY2JDGR

 

Or subscribe to our YouTube channel at http://www.youtube.com/c/anthonyspark?sub_confirmation=1

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E89 Will New Law Actually Protect Grieving Families from Creditors 956x423

E89 Will New Law Actually Protect Grieving Families from Creditors

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New law in NY to protect grieving families from debt collectors. Better late than never?

Links:

https://www.governor.ny.gov/news/governor-cuomo-advises-consumers-about-new-protections-grieving-families-targeted-debt

https://www.the-leader.com/news/20190329/stronglaw-to-shield-next-of-kin-from-debt-collectorsstrong

https://www.consumer.ftc.gov/articles/0081-debts-and-deceased-relatives

E86 How To Choose The Right Trustee For Your Family Trust 956x538

E86 How To Choose The Right Trustee For Your Family Trust

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Family trusts can give lots of benefits and protections. But only with the right trustee running things.

E70 What is Michael Jackson's Estate Worth_ 1920x1080 YouTube

E70 What is Michael Jackson’s Estate Worth?

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The King of Pop died in 2009, but even deceased he’s still one of the highest earning celebrities.

With his name in headlines recently, let’s answer some questions about his net worth, how much his estate earns, and who benefits?

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