If person has acc in Tiger, MooMoo and City Index then die suddenly . WHAT HAPPENS ?
#1

These days people like to open many accounts due to discounts and offers.

Not just online brokerage but online shopping and worse still cryptos.

For brokerages the amount van be quite substantial and consists of stocks and cash held in custodian accounts.

Online shopping we don't expect to have much but sometime we deposit $$ into wallets like Shopee pay small amount but still money. Qoo10 has Qcoins wallet...etd.

Cryptos is unregulated ...if you die and your money js in some oversea exchange can be problem if family don't know of the account. Or if you put money in a wallet accessible only from your phone. 

CFD accounts like IG and City Index are overseas .based .and outside Singapore laws ...

US brokerages like Ameritrade, IB ...does Singapore law apply


You can try to leave a note with account and password so your family can go in liquidate and take money out...but some have other security measures like finger print ..you need to give family access your phone.

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#2

imy understanding he shld hv a will to indicate these are some of his assets,the executor will claim for the beneficaries
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#3

tks for contributing to national building.
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