Thanks a lot for replying PK.
1. Yes I am a US Citizen and resident for tax purposes. I have dual US and UK citizenship but not been domiciled in the UK since 1976/1977. I have been resident in USA since 1991.
2. The inheritance will eventually be all cash after disposition of my father's estate into an account that has been set up in my sisters name. She is a UK resident. The bank indicated my name could not be included on the account since I am not UK domiciled.
3. As per above the estate account in UK has my sister as sole signatory.
4. So once the estate is finally settled into the estate account the intention is to wire transfer the final amount of cash shared to me into my US Checking account.
5. So as I understand it I would need to submit a Form 3520 to IRS / upon transfer/ receipt hof the inheritance but no other FBAR / FATCA related forms needed at that time since I was never a signatory / owner on the estate account.
