Peter Farnell
Joined: 5/27/2024
-
USA GRAT
Hello, I am about to receive a substantial lump sum from a member of my family who created a GRAT several years ago in the USA. The money made from the GRAT is being distributed to members of the family. All but two members are US citizens and live in the US. I am one of two beneficiaries that are UK citizens and live in the UK. The US citizens will not have to pay any tax on the gift. Do you know if I will need to pay tax on the lump sum gift? Thank you Peter