In the event of the unfortunate, the Thndr team will work hard to help the deceased’s inheritors navigate this difficult time. To start the process, the inheritors must compile the documents mentioned in the checklist below.
Documents Checklist
- Inheritors’ Passport
- The deceased’s passport
- Death certificate (شهادة وفاة)
- Decree of distribution (إعلام الوراثة)
Note: These documents may need to be translated into English by a certified translation office.
Step 1: Notify Thndr
The inheritors will be required to notify us by sending a message through the Thndr app chat or an email to [email protected]
Please make sure to attach all the requirements from the documents checklist.
Once you notify us, the Thndr team will reach out to guide and coordinate the process.
What happens next?
Once the documents are reviewed, a new account will be opened in the inheritor’s name. The assets in the deceased’s account will be transferred into this new account as per the below.
Cash:
Thndr will arrange handing over any cash in the deceased’s account to the inheritor.
Stocks and ETFs:
After the new account is created and assets transferred, the inheritor can choose to keep the stocks or sell them.
Timeline
The process depends on several third parties and may take several weeks.
Fees
No fees specific to inheritance distribution. Transfer or wire fees may apply.
Taxes For non-U.S. citizens or residents
- Estate tax applies only if U.S. assets exceed USD $60,000.
- If assets are over USD $60,000, tax rate ranges from 18%–40% depending on asset value.
- Please consult a qualified tax advisor for specifics, as tax obligations may vary
*for the most accurate information please consult the IRS website and/or a qualified tax advisor
