Lately we received quite a number of emails on what people go through when their loved one die with or without a will. We have written on this topic before but thought we can summarize it here again.
Let’s first explore if you do not leave behind a will and what your loved ones will have to go through.
|Do you have a will?||No|
|The next of kin has to apply for LA from High Court to appoint an Administrator|
|The next of kin has to seek and compile deceased’s assets information and documentation|
|The next of kin has to carry out self-investigation on deceased’s assets/debts|
|The next of kin has to obtain LA from High Court|
|The next of kin has to be admitted as an Administrator|
|Administrator to realize deceased’s assets and settlement of debts and to prepare a complete Estate Account as per Section 62 Probate and Administration Act 1959|
|Administrator to distribute assets according to Distribution Act 1958 or family arrangement|
Now let’s see what happens when you leave a will behind for your loved ones.
|Do you have a will?||Yes|
|Your appointed Executor will administer the estate according to your Will|
|Your appointed Executor will apply Letter of Administration or Grant of Probate|
|Your appointed Executor to distribute the estate according to your Will|