As American law provides, a foreign person who has an investment account opened in the USA and dies will suffer a 40% tax collection on balance available in the account to proceed with the succession. 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.
What happens if the Nomad Investment Account holder dies?
Agente Nomad