My ______ has died. How do I access/distribute his/her assets?
Before anything, let us as a company give you our most sincere condolences.
There are other related matters apart from assets, which you can find out more information from NEA's website.
- If he/she died without a will, to access the deceased assets you will need a Letter of Administration. With it, the Administrator can then proceed to the respective institutions withholding the assets.
- If he/she has a will, to access the deceased assets you will need a Grant of Probate. With it, the Executor then proceed to the respective institutions withholding the assets.
While it is possible to apply for the Grant of Probate / Letter of Administration without a lawyer, due to the intricacies involved, for convenience people typically choose to do so with one. If you require a lawyer, please use the Consult Lawyer function in our platform and a lawyer will get in touch with you.
You can also find a summary of the process in the Probate & Administration Toolkit from the Singapore Courts website.
For insurance polices, a death claim may be paid to the trustee, nominee, executor, administrator or “Proper Claimant” as defined by the Insurance Act. For payments to a Proper Claimant, the insurer may pay up to the first $150,000 and any remaining amount will be paid to the administrator / executor of your estate. Please contact your Financial Adviser or the related Insurer if you require more details.