Morbid topic, I know.
Of course, if you’ve already made a valid will, the executor will execute your will accordingly. You want to give who, they get lah.
But what if you don’t want to make a will or have yet to make a will?
Given that accidents happen, it’s important that we know what happens to our money if we pass on, especially if we did not make a will.
In the eyes of the law, passing on without having left a valid will make you an intestate and your estate will be distributed according to the Intestate Succession Act.
Scenario Recipients Percentage of Entitlement Surviving Spouse only Spouse 100% Surviving Spouse & Children only Spouse 50% Children 50%Split equally Surviving Children only Children 100%
Split equally Grandchildren Their parent's share split equally if parents are deceased Surviving Spouse & Parents only Spouse 50% Parents 50%
Split equally Parents only Parents...
