NEXT -OF- KIN Benefits not automatic
When death occurs, the
NEXT- OF - KIN WILL NOT HAVE ANY ACCESS TO THE MONEY IN DECEASED ACCOUNT
So many people think that their next of kin is the automatic heir to their account.
But the truth is that if your next of kin is not a signatory to your account, and you donโt have a written will to determine that personโs legitimacy, the person will not have access to that money at all.
Your bank will have to go through a process called a LEGAL PROBATE. This probate period helps them determine who gets the money in your account. This is a very lengthy and expensive process.
Even after the whole process is done, your family will have to forfeit some reasonable amount of the money for legal fees.
But if you want to avoid this, simply request for your bank to give you something called a POD form. POD stands for PAYABLE ON DEATH.
The name of the person you fill in that POD form will determine who will get your money. All the person needs to bring is a death certificate to get that money out.
With a POD form, you will save your family the stress of going through all that lengthy legal process and even loosing some money to the law.
Now you know!
BRIFFAULTโS LAW
By Jacob Aliet
When Melinda Gates saw no more purpose in staying with Bill Gates, she divorced him. The same thing happened to Jeff Bezos and millions of other men.
@odhici@MutahiNgunyi I don't think this was about kukuyus hating Raila, I think the vote revolt was against Uhuru's government. If Raila had campaigned without the help of Uhuru, the more than 6 million voters who did not vote would have voted for Raila, it would have been a landslide win for Baba