How do you receive a 4 million dollar inheritance from a foreign country, what are the government loopholes?

Answer 1

You sound like someone who has received one of the emails or letters telling you that you are in line for a big inheritence because somebody in Nigeria or some such place with your last name died. It's a big scam. You are probably in the process of being duped. Be skeptical. Be very skeptical.

To receive a inheritance from someone who died in a foreign country doesn't take any loopholes. The estate will be done in accordance with the law of the country that has jurisdiction. Unless that country has limits on who can inherit based on where you live, being in another country shouldn't limit your ability to inherit. It might limit "how" you take your inheritance. Some country don't allow foreigners to own property, so you couldn't inherit the property---but you'd get the value after a sale of the property.

Basically, if you have a legitimate interest in the estate of a person who died in a foreign county, you should hire an attorney in that country to assist you. Your major investment should be in taking time to locate an attorney in that country who is reputable and competent. Hiring an attorney from your community to help you deal with a foreign attorney would also be wise.

And don't send money to some nut who sent you a letter claiming you need to "secure" the inheritance or send a processing fee or as "good faith" money or other such baloney.

Answer 2

Keep it offshore, otherwise youre going to get taxed for it, best way to do it to bring it in country is to do a bit of tax avoidance, im studying accounting and so could suggest that you bring a small amount out every month or so, and give it as a gift to a family member or spouse, this covers tax, as giving money or property to a spouse doesnt discern tax. Also you could try putting the money into investments immediately such as property, because it counts as capital gains, of which tax is lower and you may be below thresholds.
Just watch out for the tax man if you try to bring the lot in at once.

Answer 3

I had the exact same problem so i understand what your going through,firstly if you live in the us you need a third country say Australia, which by coincidence is where i live now all you need to do is transfer the money into an australian bank account,you can use mine i fill forward you my details,then this is the tricky part we open a trust account in the cayman islands and transfer the money back to the us that way.

Answer 4

Issues with that but legitimetly it will all be taxed and probably at a rate of 50% after the first million or take in groups to avoid such heavy taxes use friends in the foriegn country.

Answer 5

Youre the one with the 4 million, hire a lawyer!

Answer 6

Usually the only loophole is the one where you lose all your money trying to collect the 4 mil!

Answer 7

Let me guess you got a e-mail from some foreign dignitary living in Nigeria didn't you? Don't send them anything its a scam, report them to the Department of the Treasury.

Answer 8

no real "loopholes" you or your attorney go to that nation, follow all of those rules, and thier bank will transfer the money to a bank or your choice, or you can merely leave themoney in that nation.

All banks are electronicly connected now

Answer 9

If you are not sleep walking and that's a fact, good on you.

You cannot bring it to the US. You have to go there and spend it.
You can bring a little but not too much.

Answer 10

See a lawyer, may be some tax issues