Federal Transfer Certificate

When dealing with an estate in the UK which holds American stocks and shares which are valued in excess of $60,000 at the date of death, in order that those shares can be sold or transferred, you will be required to obtain a Federal Transfer Certificate from the Inland Revenue Services (IRS).

This can be a time consuming procedure and for UK estates takes an average of 6-9 months to obtain. We can deal with obtaining the Federal Transfer Certificate by liaising with the IRS and preparing all the required documents for signature by the executors/beneficiaries.

Once the IRS have issued the Transfer Certificate we would then deal with the subsequent transfer of the shares. These services also include obtaining the Medallion Guarantee Stamp.

Obtaining Federal Transfer Certificates

The Federal Transfer Certificate is a document that will be required in addition to the Medallion Guarantee. Before the Share registrar is able to deal with transfer of the stock, this is so that the transfer agent can be sure that any tax consequences have been dealt with.  The Federal Tax Clearance is obtained by completing and filing Form 706-NA.  We can assist with this complex process including dealing with the change of name of shares