What will happen to our stocks when we die without a will made?

Without a will, the estate will be distributed according to the Intestate Succession Act.

The administrator of the estate (typically a next-of-kin) will then have to apply for a Letter of Administration to administer the estate. The administrator can then choose to liquidate the stocks or transfer them proportionally to the beneficiaries.

If the estate consists of 60,000 USD or more in US property (including US-domiciled stock and funds), the amount in excess of 60,000 USD is subject to US estate tax which can range from 18% to 40%. Do note that Irish-domiciled UCITS funds that invest in US equities are not subject to this estate tax.

Additional note - even if you can login and transact using the brokerage account of the deceased, it is often illegal to do so and can land you into serious trouble especially with taxation.​​​

Depending on the brokerage you use, custodian or linked to cdp. If the latter, your nok would have to apply for a LA to settle the shares as even if they are able to access your account and sell the shares, the proceeds will be locked up by Sgx. For custodian, your shares can be liquidated as long there is access to the account and since banks are not government owned, they wont be notified of your passing till informed. Your nok can sell all your stocks and use the proceeds freely but if they want to transfer the stock to their names, it will be a different story.