In order to prepare your Mintos account for such an event as passing away, please consider the following suggestions:
- Consider drafting a will or leaving a signed document with your attorney, notary or loved ones, specifying your Mintos ID number.
- Decide who will be the beneficiary/beneficiaries from the funds remaining on your Mintos account and clearly state their full names and date of birth in the document.
- Leave a person in charge of managing your estate and funds. State the shares in percentage that each heir could receive from the total that will be left on your account.
- Please ensure the will has an English or Latvian language version as well.
Once we receive an email or a letter stating that an investor has passed away, we freeze the investor's account and advise accordingly, based on the account status at the time. We then communicate with the representative of heir/s or themselves directly, depending on the will that is left behind and the situation of the account. We also advise accordingly about the required documents to be submitted to Mintos, the means of doing this and the procedures that will follow.
Whether the funds are granted automatically to the heir/s depends on the account status at the time, the will and its specifications, how the person had intended for the funds to be divided and to whom, as well as if there is a will in the first place.