QUOTE(X_hunter @ Jul 14 2023, 04:42 PM)
What I mean is, let say I have just placed FD for 12 months (sole account), matured next year. But nobody knows about this FD except myself. Then let say touch wood anything happens to me, then my family also don’t know I have this FD, so how would they go and know about this money?
probate/letter of administration will query the bank, provided your family listed your bank.not sure if they can query ALL banks automatically, but last i dealt with Amanahraya, they asked me to input all potential banks related to the deceased.
if explicit listing must be done, they if family didnt include your FD bank, iinm, FD will continue auto-renew until a 7 years before bank file for Unclaimed Monies.
speaking of unclaimed monies, assuming my FD already went to unclaimed monies, can my family/spouse use eGUMIS to retrieve it easily?
if they can do it easily bypassing probate/loa, then they can wait after 7yrs after my death and claim it back from eGUMIS?
This post has been edited by cybpsych: Jul 14 2023, 05:41 PM
Jul 14 2023, 05:40 PM

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