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Is stashAway cover by the Intestate Succession Act?
When happen if i pass away and my $ is invested in stashaway.
I read that it is cover under Intestate Succession Act, (for people who did not make a will) But how they even know i have invested with stashAway or Endowus?
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Didn't realise it will be such a hassle
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If no will, it is always good practice to list down assets (local + overseas) minimally bank name & ...
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StashAway is considered an investment firm. So if you pass away, the executor needs to obtain a grant of probate in order to distribute the deceased's investments.The investments held with StashAway will then be distributed evenly among the named beneficiaries.
It is best to clearly state your investments (in StashAway and other places) in your will, as well as how they amount should be distributed. This can help ensure the estate is distributed according to your wishes