Brazilian Inherence

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Cristinaohalloran133 Member

Member since 29 October 2024

Cristinaohalloran133Member29 October 2024 12:46:24

Hello,

I live in the UK, and have unexpectedly inhereted property in Brazil . i have made contact with a Brazilian lawyer who will be helping me. I have a question about bank accounts i dont have a Brazilian bank account. Can the eventual proceeds of the sale be transferred to my UK account, or am I required to hold a Brazilian bank account? Any advice woukd be appreciated

roddiesho Serial expat

Member since 10 November 2022

roddieshoSerial expat29 October 2024 13:52:26

836

Looking forward to answers. My daughter in the USA will inherit a LOT of property when the time comes. Just curious about the process. This is Property Only. She currently has access to ALL my money already.

FYI She is an American & Brazilian citizen.

Roddie in Retirement🕵

Peter Itamaraca Serial expat

Member since 08 May 2023

Peter ItamaracaSerial expat29 October 2024 14:10:42

802

@Cristinaohalloran133

It is possible, but in no way is it easy.

A lot depends on your situation - do you have any kind of Brazilian status, permanent visa, etc - without which you will not be able to open a bank account? Was the estate fully completed, with all taxes paid? Do you, or does anyone, have a Power of Attorney from the deceased? Has the death been registered? What about Capital Gains Tax, etc, etc, etc?

My mother inherited from my grandfather after he had retired to Spain, but that was a long time ago long before the EU, and virtually all the inheritance was spent in legal fees trying to repatriate the estate - that could be the same in this case...

Where is the property, and what is it? Maybe someone local could also help you?

Cserebogar Active member

Member since 01 August 2022

CserebogarActive member29 October 2024 14:35:12

I would talk to Phillipe Macedo. He is a lawyer...a very good one and holds a real estate license as well. He can help you out I am sure. I had a very complicated case and he was a godsend.

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