If someone passes away, how can their next of kin liquidate their funds? Do we have to add such roboadvisors in our will?

Upon demise, your estate will be frozen immediately. In other words, nobody has access to the estate until one of the following occurs:

For Intestacy:

An administrator will need to be appointed in order to obtain Letters of Administration. Here is how the process works in Singapore.

More Details:

The Administrative Process on Dying without a Will in Singapore

Thereafter, the asset will be distributed according to the Intestate Succession Act via the help of the administrator.

More Details:

Intestate Succession Act Singapore

Valid Will:

If you have drafted a valid Will, then the executor will need to obtain a grant of probate. Here is how the process works in Singapore:

More Details:

The Probate Process on Dying with a Will in Singapore

Thereafter, the asset will be distributed according to your wishes in the Will via the help of the appointed executor.

Also Read More:

What is a Will Singapore

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