FREE Sign upLogin
Masami Hibino

Source of Funds for Inheritance

Does the investor need to document how for example the deceased parent earned the funds that were inherited by the investor who is now using part or all of those funds to fund the EB5 investment and the administrative fee?

Answers

Marko Issever
November 06, 2018 10:24 PM  Marko Issever

This is a very complex issue. A competent immigration attorney should be consulted if the investor plans to use such inherited funds. Generally speaking, if the deceased passed away recently the scrutiny on the source of funds would be almost identical to that of the usual case where the funds were earned in one way or another by the investor himself. If the parent passed away long time ago, then it might be sufficient to show adequate evidence that the parent had the wherewithal to earn the claimed funds by the investor. This could be achieved by showing the scope of the work the parent did, his bank statements, recommendation letters etc. Needless to say, proper documentation of the will, bank statements etc., need to be presented as well to prove lawful transfer of the funds from the parent's account to the heir using the funds for the EB5 investment.

Back

Upcoming Events

USCIS: EB-5 Immigrant Investor Program: Public Engagement, November 19, 2018
1 to 2 pm EST

Subscribe for News


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.