In the unfortunate event of a customer’s demise, family members who wish to withdraw investment sums from the customer’s account will be required to provide the following documents to Syfe:
- Original Death Certificate;
- Original Grant of Probate (if there is a will) or Letter of Administration (if there is no will); and
- ID of the executor
What is a Grant of Probate?
The Grant of Probate is a court order authorising an executor to administer the deceased’s estate in accordance with the instructions contained in the will.
Kindly refer to this website for more information.
What is a Letter of Administration?
If a client has passed away without a will, the Letter of Administration is a legal document that authorises an individual to be the administrator of the deceased’s estate, and administer and distribute the estate according to the Intestate Succession Act.
Kindly refer to the this website for more information.