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Paying an overseas beneficiary

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  • Paying an overseas beneficiary

    Hi, we are almost ready to distribute my father in law's estate but have one query. My daughter is a beneficiary and she lives in the states. Can we use PayPal to transfer the funds? Many thanks.
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  • #2
    Re: Paying an overseas beneficiary

    Pay Pal have a fee, I would imagine a Bank transfer would be cheaper.
    Last edited by paulajayne; 28th February 2017, 20:56:PM.

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    • #3
      Re: Paying an overseas beneficiary

      Check your options here: https://www.moneyadviceservice.org.u...money-overseas

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      • #4
        Re: Paying an overseas beneficiary

        Thank you both. It's going to the states and I'm just worried about a paper trail. I'm assuming the bank reference will do for that. Im also going to post a letter/receipt for her to sign to show she has received it. In my job working for a charity I only deal with the money coming in, never out. I wonder if she'll be taxed on it. It's only a couple thousand pounds.

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        • #5
          Re: Paying an overseas beneficiary

          Originally posted by MrsCLH View Post
          Thank you both. It's going to the states and I'm just worried about a paper trail. I'm assuming the bank reference will do for that. Im also going to post a letter/receipt for her to sign to show she has received it. In my job working for a charity I only deal with the money coming in, never out. I wonder if she'll be taxed on it. It's only a couple thousand pounds.
          Tax position varies from state to state!

          Comment

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