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Updated by SLA The Personal Representatives (i.e. executors or administrators) of the deceased's estate must dispose of the foreign beneficiary's interest in the property within 5 years from the date of death of the deceased. Contact us
If the foreign beneficiary is not allowed to acquire restricted property through inheritance, what happens to his beneficial interest?
Related questions
What if the company is granted approval to become a converted foreign company but not allowed to retain its restricted properties?
Can a foreign person acquire restricted property as a beneficiary through inheritance?
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Can a Personal Representative, who is a foreign person, acquire legal title to the property as a Trustee or Executor?
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What if the Personal Representative is unable to dispose of the foreign beneficiaries interest in the property within 5 years?
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