What happens if the Nomad spending account holder dies?

As U.S. law provides, a foreign person who has an account opened in the U.S. and dies will suffer a 40% tax collection on the balance available in the account so that the succession of the values ​​is carried out. Accounts with a balance of up to US$ 60,000 are exempt from this tax.
Regarding the legal procedures necessary to transfer ownership of these values, we recommend you consult with specific specialists.