Hi, I'm wondering if someone has any information for the (fortunate) situation I find myself in please?
My Uncle who was a US citizen has left me US $.
It appears this comes from a number of accounts featuring 'Annuities' and 'Investments'.
I have been contacted by various companies who have asked me to fill in Claim Forms and also a W8-BEN form which appears to be to prevent money being withheld in the US for payment of US Federal and State taxes.
Thus, when I receive cheques from these companies I'm assuming the UK Tax laws prevail = what are these?
I'm led to believe that Annuities (if I'm a named beneficiary on death) is tax-free but the Investments are not so how much tax would I be liable for?
One extra query - I seem to be in contact with these companies directly but not via the Executor or Attorneys for the estate. Does this seem right or should those be aware of all assets/monies that my Uncle had so they can see exactly what comprises his estate and which are not (in terms of tax for example)?
I hope I've explained this enough to make it seem sensible (?).
Thank you so much for any help at all.
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