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By Investment Moats  •  March 11, 2019

If you write a Will, you have a document that allows your love ones to have a better process of gaining access to your estate. 

When a person passed away in Singapore, his possession became his estate. 

The estate could include the following:

Bank accounts Property Personal Effects Investments

The estate needs to be distribute to the beneficiaries. However, the beneficiaries need a Court Oder that gives authority to close the bank accounts, cash in the investments and sell or transfer the property, pay off the deceased’s debts and then distribute what is left of the estate to the beneficiaries. 

If the deceased has a will then a Grant of Probate is issued to the Executor in the will. The executor will collect the asset and distribute the assets to the beneficiaries. The beneficiaries cannot replace the executor.

If the deceased do not have a will than it will

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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