If your witness passes away, your will remains valid even if the witnesses have passed away or become invalid to stand as witnesses. Their testimony stands that at point of signing, the testator was of sound mind. Usually before grant of probate, court may ask witnesses to validate the will but if they are unable to do so, will is valid but could be prone to questioning. For practical reasons, the will should be signed again with a fresh pair of witnesses. If his beneficiary also passed away, the executor will distribute your share of assets across the remaining surviving beneficiaries according to their allocation. For example, 34%, 33% and 33% to each of 3 kids. If child 1 passes away, the 34% will be distributed to the remaining two children following their new allocation percentage, which would be 50% and 50%.

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MoneyOwl to wind down all commercial activities

MoneyOwl is winding down its financial advisory business and all commercial activities will cease by December 31, 2023. 

For more information, please visit our microsite here.

MoneyOwl to be acquired by Temasek Trust

MoneyOwl announced on November 28, 2023, that Temasek Trust has signed an Expression of Interest to acquire MoneyOwl and re-purpose it under a new model. 

For more information, please visit our microsite here.