Why recovering escheated US assets is often more complicated than expected
When probate practitioners discover that an estate includes unclaimed US assets, it can be tempting to assume that the main challenge is locating the property. In reality, establishing entitlement is often the more difficult part. While every claim is different, recovery frequently depends on presenting a clear documentary chain to the relevant US state authority […]
Firm issues US estate tax warning ‘even for non-citizens and non-residents’
An estate can have US estate tax reporting obligations even where the deceased was not a US citizen or resident, a specialist in cross-border shares has warned. UK firm Share Data says estates that include shares in US companies may be required to submit documents to the IRS or risk unnecessary delays. “If the deceased […]
Home improvements still main reason for equity release, survey finds
Home improvements are still the top reason for releasing home equity, according to the latest data from financial services company Canada Life. The company routinely questions its home finance customers about their reasons for requesting a lifetime mortgage, and in the first half of this year just under half (43%) said it was for maintain […]
Profile: Ciara Furey, wills and probate solicitor at Maxwell Hodge
Ciara Furey is a lifetime planning solicitor with Maxwell Hodge Solicitors. She advises a wide range of clients on wills, trusts, probate, lasting powers of attorney, and deputyship applications. What was your career path to your current role? In terms of qualifying as a solicitor I’ve taken quite a traditional route. I studied Law […]