OFAC License for Inheritance: When an Heir Needs One
The three configurations that turn an estate into a sanctions matter
An OFAC license for inheritance is needed far less often than clients fear. There is no general embargo on dealings with Russia by US persons, and most cross-border estates close without a single filing in Washington. The procedural side of those files, like deadlines, powers of attorney, currency control, and bank...
Inheritance from Russia to the US: How to Claim It and Get the Money to Your Account
Four barriers, and only two of them are American
An inheritance from Russia to the US rarely arrives on a lawyer’s desk as a question of law. It arrives as a wire that did not land, a bank that has asked for documents nobody kept, or a client who has just discovered that the six-month window closed four months ago.
It helps to separate four barriers that operate independently of one...