Investment StashAway Malaysia, Multi-Region ETF at your fingertips!
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 Jan 29 2021, 06:35 AM
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#1
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Senior Member
718 posts Joined: Nov 2010 
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guys just a question. if an event of death of an account holder. in their FAQ they said "your executor or administrator is the only person recognized by us. Your executor/ administrator will have to produce a grant of probate or letters of administration " who is this executor or administrator?
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Jan 29 2021, 06:50 AM
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#2
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Senior Member
718 posts Joined: Nov 2010
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QUOTE(MUM @ Jan 29 2021, 06:45 AM) Administrator – the person(s) designated to administer the estate if no executor of will is named. ok so just to understand it in layman term. lets say in an event of death of person A that have money in stashaway what will happend then? lets why how his wife/family member is able to access the moneyGrant of probate (GP) – a grant of permission issued by the High Court to the named executor(s) of a will, empowering the executor to administrate the testator’s estate. Letter of administration (LA) – in cases where there's no will, a grant of probate is replaced by a letter of administration in Malaysia.  |
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