In the event the account holder passes away, the investment account will be distributed based on a will or by estate. AHAM Capital and Versa will only recognise the executor or administrator depending if the account holder has a will in place or not.
Account holder has a will in place
- An executor is the person appointed to manage the instructions set out in a will
- The executor will need to produce the relevant documents (grant of probate, letters of administration etc.) for the investment account to be distributed accordingly
Account holder has no will in place
- An administrator is the person appointed by the court to manage all assets and liabilities of the deceased individual
- The administrator will need to produce the letters of administration for the investment account to be distributed accordingly
To obtain additional information and assistance, contact our Customer Support Team at support@versa.com.my or call us at 03-78903500.