{"id":1749,"date":"2023-02-06T05:28:56","date_gmt":"2023-02-06T05:28:56","guid":{"rendered":"https:\/\/smartwills.com.hk\/en\/?page_id=1749"},"modified":"2025-09-08T02:41:28","modified_gmt":"2025-09-08T02:41:28","slug":"will-execution","status":"publish","type":"page","link":"https:\/\/smartwills.com.hk\/en\/will-execution\/","title":{"rendered":"Will Execution"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ fullwidth=”on” _builder_version=”4.20.4″ _module_preset=”default” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_fullwidth_image src=”https:\/\/smartwills.com.hk\/en\/wp-content\/uploads\/2023\/02\/will-execution-cover.jpg” title_text=”will-execution-cover” _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_fullwidth_image][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.20.4″ _module_preset=”default” positioning=”none” custom_padding=”50px||50px||true|false” custom_padding_tablet=”100px||100px||false|false” custom_padding_phone=”20px||20px||true|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”off|desktop” _builder_version=”4.16″ _module_preset=”default” positioning=”none” width=”60%” width_tablet=”80%” width_phone=”90%” width_last_edited=”on|phone” custom_padding=”||||false|false” custom_padding_tablet=”|10%||10%|false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_font=”Albert Sans||||||||” header_font=”Albert Sans|700|||||||” header_text_align=”center” header_font_size=”39px” custom_padding=”50px||50px||false|false” global_colors_info=”{}”]

Will Execution Hand Book<\/strong><\/h1>[\/et_pb_text][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_font=”Albert Sans||||||||” text_text_color=”#000000″ text_font_size=”18px” text_line_height=”1.8em” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#000000″ header_font_size=”40px” text_orientation=”center” global_colors_info=”{}”]

Congratulations on making the wise decision to write your Will.
<\/span><\/p>\n

While a written Will facilitates the distribution of your assets to your loved ones, there may be delays in executing the Will due to insufficient information or lack of documentary support required for transferring some assets.<\/span><\/p>\n

This handbook is designed to guide you in executing a Will. Understanding the involved steps is crucial to ensure that your wishes are fulfilled after your death.<\/span><\/p>\n

The Will Execution Handbook assists you in preparing all the necessary documents in advance and also guides your family members on the actions they should take during execution.<\/span><\/p>\n

<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.20.4″ _module_preset=”default” background_enable_color=”off” positioning=”none” module_alignment=”center” custom_margin=”0px||0px||false|false” custom_padding=”0px||0px||false|false” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.20.4″ _module_preset=”default” background_color=”RGBA(255,255,255,0)” positioning=”none” width=”100%” module_alignment=”center” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” background_enable_color=”off” custom_padding=”||||true|false” global_colors_info=”{}”][et_pb_slider _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|700|||||||” header_font_size=”37px” body_font=”Albert Sans|300|||||||” body_font_size=”36px” body_line_height=”45px” background_image=”https:\/\/smartwills.com.hk\/en\/wp-content\/uploads\/2023\/11\/SW-banner-4.png” background_size=”initial” global_colors_info=”{}”][et_pb_slide heading=”What Are The Duties Of The Will Executor?” _builder_version=”4.20.4″ _module_preset=”default” header_font_size=”40px” body_font_size=”26px” global_colors_info=”{}” sticky_transition=”on”]

<\/span><\/p>\n

<\/span><\/p>\n

The Will Executor shall administer the estate according to the deceased\u2019s wishes, as expressed in the Will. For this purpose, the Executor shall:<\/span><\/p>[\/et_pb_slide][\/et_pb_slider][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” background_color=”#f1f1f2″ custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_slider _builder_version=”4.20.4″ _module_preset=”default” min_height=”448px” global_colors_info=”{}”][et_pb_slide heading=”SETTLE ALL THE DEBTS AND TAXES FROM THE ESTATE” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][et_pb_slide heading=”ARRANGE FOR A FUNERAL, IF REQUESTED BY THE WILL” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][et_pb_slide heading=”IDENTIFY AND PREPARE A DETAILED INVENTORY LIST OF ASSETS” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][et_pb_slide heading=”INVEST SURPLUS CASH AND MANAGE INVESTMENTS AS AUTHORIZED BY THE WILL, IF APPLICABLE” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][et_pb_slide heading=”DISTRIBUTE ASSETS TO THE BENEFICIARIES ACCORDING TO THE WILL” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][et_pb_slide heading=”PREPARE A COMPLETE ACCOUNT STATEMENT OF THE ESTATE\u2019S ADMINISTRATION” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][et_pb_slide heading=”CARRY OUT ANY OTHER INSTRUCTIONS CONTAINED IN THE WILL” _builder_version=”4.20.4″ _module_preset=”default” header_font=”Albert Sans|300|||||||” header_text_color=”#000000″ header_font_size=”29px” header_line_height=”45px” body_font=”Albert Sans|300|||||||” body_text_color=”#000000″ body_font_size=”28px” body_line_height=”45px” global_colors_info=”{}” sticky_transition=”on”][\/et_pb_slide][\/et_pb_slider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.20.4″ _module_preset=”default” positioning=”none” custom_padding=”150px||150px||false|false” custom_padding_tablet=”100px||100px||false|false” custom_padding_phone=”0px||0px||false|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”off|desktop” _builder_version=”4.16″ _module_preset=”default” positioning=”none” width=”60%” width_tablet=”80%” width_phone=”90%” width_last_edited=”on|phone” custom_padding=”||||false|false” custom_padding_tablet=”|10%||10%|false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text admin_label=”Text” _builder_version=”4.20.4″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_font_size=”40px” custom_padding=”50px||50px||false|false” global_colors_info=”{}”]

Documents Required<\/h1>[\/et_pb_text][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_text_color=”#000000″ text_font_size=”20px” text_line_height=”1.8em” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#000000″ header_font_size=”32px” global_colors_info=”{}”]

Please make a photocopy of the documents listed below and keep them in a safe place. Write down the location of these documents in your Asset Update booklet or inform your Executor of their whereabouts.<\/p>[\/et_pb_text][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_font=”Albert Sans||||||||” text_text_color=”#000000″ text_font_size=”17px” text_line_height=”2.3em” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#000000″ header_font_size=”40px” width=”75%” width_tablet=”85%” width_phone=”90%” width_last_edited=”on|tablet” module_alignment=”center” custom_margin=”80px||||false|false” custom_padding=”5%|5%|5%|5%|false|false” hover_enabled=”0″ border_radii=”on|15px|15px|15px|15px” border_width_all=”1px” border_color_all=”#000000″ box_shadow_style=”preset1″ global_colors_info=”{}” sticky_enabled=”0″]

1) Marriage Certificate, if any<\/span><\/p>\n

2) Your Identity Card\/Passport<\/span><\/p>\n

3) Your children\u2019s\/beneficiaries’ Identity cards\/Birth Certificates<\/span><\/p>\n

4) Vehicle Registration Document (Card)<\/span><\/p>\n

5) Mandatory Provident Fund Scheme – MPF Statement<\/span><\/p>\n

6) Insurance Policies<\/span><\/p>\n

7) Issue Document of Title to Real Estate Property\/Land<\/span><\/p>\n

8) Company Registration Certificate<\/span><\/p>\n

9) Monthly statement of stock account or original stock certificates<\/span><\/p>\n

10) Credit Cards Statements<\/span><\/p>\n

11) Bank Accounts Statements and\/or Bank Passbook<\/span><\/p>\n

12) Income Tax Statement<\/span><\/p>\n

13) Unit Trust Certificate or Statement<\/span><\/p>\n

14) The key of the safe deposit box and its location\/company<\/span><\/p>\n

15) Any other investments certificates<\/span><\/p>\n

16) Any other documents relating to any additional assets<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|desktop” _builder_version=”4.20.4″ _module_preset=”default” positioning=”none” custom_padding=”||||false|false” custom_padding_tablet=”100px||100px||false|false” custom_padding_phone=”100px||100px||false|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”off|desktop” _builder_version=”4.16″ _module_preset=”default” positioning=”none” width=”60%” width_tablet=”80%” width_phone=”90%” width_last_edited=”on|phone” custom_padding=”||||false|false” custom_padding_tablet=”|10%||10%|false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_font=”Albert Sans||||||||” text_text_color=”#000000″ text_font_size=”24px” text_line_height=”1.8em” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#000000″ header_font_size=”40px” global_colors_info=”{}”]

To help facilitate the transfer of the various types of assets, we provide you with helpful information as listed below.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”off|desktop” disabled_on=”on|on|off” _builder_version=”4.20.4″ _module_preset=”default” positioning=”none” custom_padding=”50px||||false|false” custom_padding_tablet=”100px||100px||false|false” custom_padding_phone=”100px||100px||false|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”off|desktop” _builder_version=”4.20.4″ _module_preset=”default” positioning=”none” width=”60%” width_tablet=”80%” width_phone=”90%” width_last_edited=”on|phone” custom_padding=”||||false|false” custom_padding_tablet=”|10%||10%|false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.20.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_tabs active_tab_background_color=”RGBA(255,255,255,0)” inactive_tab_background_color=”#939598″ disabled_on=”off|off|off” admin_label=”Tabs” _builder_version=”4.20.4″ _module_preset=”default” tab_text_color=”#FFFFFF” hover_enabled=”0″ custom_css_main_element=”display: flex;||border: none;” custom_css_tabs_controls=”width: 75%;||display: flex;||flex-wrap: wrap;” custom_css_tab=”min-width: 100%;” custom_css_active_tab=”background-color: #a71f25;||background-image: linear-gradient(to right, #a71f25 , #ed3f36);” global_colors_info=”{}” sticky_enabled=”0″][et_pb_tab title=”BANK ACCOUNTS” _builder_version=”4.20.4″ _module_preset=”default” body_font=”Albert Sans||||||||” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” hover_enabled=”0″ custom_css_main_element=”min-height: 100%;” global_colors_info=”{}” sticky_enabled=”0″]

BANK ACCOUNTS<\/strong><\/h1>\n

 <\/p>\n

 <\/p>\n

This includes:<\/span><\/p>\n

a) The deceased\u2019s passbook
<\/span>b) Any statements of accounts<\/span><\/p>\n

 <\/p>\n

The Executor can apply to the relevant bank for confirmation of account details, which is crucial for assessing the value of assets before distribution. They must provide the bank with certified copies of the following documents:<\/span><\/p>\n

 <\/p>\n

a) The deceased’s Will
<\/span>b) The deceased’s HKID card\/passport
<\/span>c) The death certificate issued by the Registry of Births and Deaths<\/span><\/p>[\/et_pb_tab][et_pb_tab title=”SAFE DEPOSIT BOX” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” hover_enabled=”0″ custom_css_main_element=”min-height: 100%;” global_colors_info=”{}” sticky_enabled=”0″]

SAFE DEPOSIT BOX<\/strong><\/h1>\n

 <\/p>\n

 <\/p>\n

The Probate and Administration Ordinance (Hong Kong Chapter 10) Sections 60C to 60I stipulate: The Director of Civil Affairs, upon receiving an application, may issue a “Certificate for Inspection of Safe Deposit Box” and an “Authorization to Remove Items from Safe Deposit Box,” allowing the applicant to inspect the safe deposit box and remove specified items from it.<\/span><\/p>[\/et_pb_tab][et_pb_tab title=”MANDATORY PROVIDENT FUND (MPF) ” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” hover_enabled=”0″ custom_css_main_element=”min-height: 100%;” global_colors_info=”{}” sticky_enabled=”0″]

CENTRAL PROVIDENT FUND (CPF)<\/strong><\/h1>\n

 <\/p>\n

 <\/p>\n

If MPF nominees were nominated<\/strong><\/span><\/p>\n

Executors should apply to the trustee of the Mandatory Provident Fund (MPF) scheme to disburse MPF funds to the designated nominees (beneficiaries). For this, they must present the original documents for verification to the MPF scheme provider:<\/span><\/p>\n

 <\/p>\n

    \n
  • The death certificate issued by the Registry of Births and Deaths;<\/span><\/li>\n
  • Marriage certificate (if the spouse is the nominee);<\/span><\/li>\n
  • Birth certificates of children (if children are the nominees)<\/span><\/li>\n<\/ul>\n

    For children under 18 years old, if they are designated as beneficiaries, the MPF scheme provider typically withholds their share until they reach the legal age of majority (18 years old), unless special arrangements are made. In Hong Kong, the distribution of MPF funds usually follows the list of beneficiaries designated by the deceased.<\/span><\/p>\n

    <\/span><\/p>\n

    If MPF nominees were not nominated<\/strong><\/span><\/p>\n

    If no beneficiaries are designated, MPF funds will be distributed according to Hong Kong’s statutory inheritance rules.<\/span><\/p>\n

    It should be noted that MPF scheme providers may have their specific regulations and procedures. Executors should follow these when applying for MPF funds. If the beneficiaries designated in the will and those nominated in the MPF are different, generally, the MPF funds will be distributed according to the instructions in the MPF nomination form. When dealing with MPF-related matters, it is advisable to consult a professional legal advisor or the MPF scheme provider.<\/span><\/p>[\/et_pb_tab][et_pb_tab title=”INSURANCE POLICIES” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” custom_css_main_element=”min-height: 100%;” global_colors_info=”{}”]

    INSURANCE POLICIES<\/strong><\/h1>\n

     <\/p>\n

     <\/p>\n

    If beneficiaries were nominated<\/strong><\/span><\/p>\n

    The nominated beneficiaries have the right to claim any relevant insurance payouts in the deceased’s name. To facilitate this, the Executor must submit a verified copy of the deceased\u2019s death certificate to the insurance company for claim processing. If the beneficiaries explicitly named in the insurance policy and those mentioned in the Will differ, the insurance payout will be made according to the designations in the insurance policy.<\/span><\/p>\n

    If beneficiaries were not nominated<\/span><\/strong><\/p>\n

    When beneficiaries were not nominated by the deceased in his Insurance policy, the persons named in the Will shall benefit from the claim.<\/span><\/p>[\/et_pb_tab][et_pb_tab title=”BUSINESS” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” custom_css_main_element=”min-height: 100%;” global_colors_info=”{}”]

    BUSINESS<\/strong><\/h1>\n

     <\/p>\n

     <\/p>\n

    Sole Proprietorship<\/strong><\/span><\/span><\/p>\n

    Ownership of a sole proprietorship typically ceases upon the owner’s death. All commercial assets owned by the sole proprietorship will be distributed to beneficiaries according to the will’s directives after the owner’s demise. In the absence of a will, distribution will proceed according to Hong Kong’s statutory inheritance rules.<\/span><\/p>\n

     <\/p>\n

    Partnership<\/strong><\/span>
    <\/span><\/p>\n

    If the deceased was a partner in a business, the executor must handle relevant matters in accordance with any existing partnership agreement and the Will. This includes dealing with the deceased’s share in the partnership business and distributing any related assets as directed by the partnership agreement or the will.<\/span><\/p>\n

    If there is no partnership agreement in place, or if the agreement does not specify how to handle the death of a partner, the executor should proceed according to the relevant provisions of the Hong Kong Partnership Ordinance (Cap. 38). This may involve dissolving the partnership business or distributing the deceased’s share of the partnership in accordance with the will or the statutory inheritance rules.<\/span><\/p>\n

    The executor should ensure that all actions comply with Hong Kong law and accurately reflect the deceased\u2019s wishes. When dealing with partnership business matters, especially where the partnership agreement is unclear or non-existent, it is advisable to consult a professional legal advisor.<\/span><\/p>\n

     <\/p>\n

    Private Limited Company\u00a0<\/strong><\/span>
    <\/span><\/p>\n

    The executor is responsible for notifying the company secretary of a Private Limited Company about the shareholder’s death and must submit a verified copy of the death certificate and a copy of the Grant of Probate. Once the documents are submitted, the company secretary will initiate the relevant processes and procedures of the company to handle the transfer of the deceased’s shares to the beneficiaries or legal heirs specified in the will.<\/span><\/p>\n

    If there is a shareholders’ agreement among the shareholders, all processes of share transfer must strictly adhere to the terms specified in that agreement, including any specific restrictions or conditions on the transfer of shares. After the transfer of shares is completed, the company must update its register of shareholders to reflect the information of the new shareholders.<\/span><\/p>\n

    Note – When dealing with the death of a shareholder in a Private Limited Company, it may be necessary to follow the relevant provisions of company law and the company’s articles of association. It is advisable to consult a professional legal advisor when handling such matters to ensure that all actions comply with Hong Kong legal requirements and properly reflect the deceased’s wishes.<\/span><\/p>[\/et_pb_tab][et_pb_tab title=”INVESTMENTS” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” custom_css_main_element=”min-height: 100%;” global_colors_info=”{}”]

    INVESTMENTS<\/strong><\/h1>\n

     <\/p>\n

     <\/p>\n

    Various investments held in the name of the testator (deceased), including shares, unit trusts, stocks, and bonds, are to be transferred to the designated beneficiaries according to the instructions in the will. Executors must provide the relevant financial institutions with a certified Grant of Probate. Additionally, they are required to complete the appropriate transfer forms to formally transfer asset ownership to the specified individuals.<\/span><\/p>\n

    If the deceased owned shares in a listed company, Executors need to undertake the share transfer procedures to directly transfer the shares to the beneficiaries, or in some cases, such as when shares are not divisible, initially transfer them to the Executor (or a designated Executor) and then distribute the corresponding shares from the account to the beneficiaries. It is noteworthy that transfers of this nature in Hong Kong may incur administrative fees and tax implications.<\/span><\/p>\n

    Note – Managing investment-related affairs might necessitate compliance with specific legal stipulations and financial institution protocols. When handling these affairs, consulting with professional legal and financial advisors is recommended to ensure adherence to Hong Kong’s legal standards and the deceased’s intentions are accurately represented.<\/span><\/p>\n

     <\/p>\n

     <\/p>\n

     <\/p>[\/et_pb_tab][et_pb_tab title=”VEHICLES” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” custom_css_main_element=”min-height: 100%;” global_colors_info=”{}”]

    VEHICLES<\/strong><\/h1>\n

     <\/p>\n

     <\/p>\n

    Vehicles, including all transport vehicles such as cars, trucks, and motorcycles registered in the name of the testator (deceased), are covered. Executors are required to obtain detailed information and registration documents of the vehicles owned by the deceased. Simultaneously, executors must notify the Transport Department of Hong Kong<\/strong> and process the vehicles according to the instructions in the will, which may include selling the vehicles or transferring ownership to designated beneficiaries.<\/span><\/p>\n

    For this purpose, executors need to submit the relevant transfer documents, including a verified copy of the deceased\u2019s death certificate and the Grant of Probate, to complete the procedures for transferring vehicle ownership. In some cases, it may be necessary to pay related taxes or administrative fees.<\/span><\/p>\n

    Note – When handling vehicle-related matters, executors should follow the regulations and procedures of the Transport Department of Hong Kong. When dealing with such matters, it is advisable to consult a professional legal advisor or the relevant department to ensure that all actions comply with Hong Kong legal requirements and properly reflect the deceased’s wishes.<\/span><\/p>\n

     <\/p>[\/et_pb_tab][et_pb_tab title=”IMMOVABLE PROPERTIES” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” custom_css_main_element=”min-height: 100%;” global_colors_info=”{}”]

    IMMOVABLE PROPERTIES<\/strong><\/h1>\n

     <\/p>\n

     <\/p>\n

    Immovable properties include houses, apartments, condominiums, land, shop lots, etc., either solely or jointly owned.<\/span><\/p>\n

    Property with title<\/strong><\/span>
    <\/span><\/p>\n

    If the testator (deceased) held property ownership in Hong Kong, executors are required to submit the original Grant of Probate (registered through the verification process). If there is an outstanding bank mortgage on the property, executors need to negotiate with the bank to arrange the property inheritance based on the mortgage agreement and the remaining loan balance. Executors should hire a lawyer to manage the property transfer as directed by the will, including directly transferring the property to the beneficiaries or first selling the property and then distributing the proceeds to the beneficiaries.<\/span><\/p>\n

    To complete the property transfer, a new title registration must be conducted at The Hong Kong Land Registry<\/strong> to ensure the property records accurately update to reflect the new owner’s information.<\/span><\/p>\n

     <\/p>\n

    Property without title
    <\/strong><\/span><\/span><\/p>\n

    For properties under the testator\u2019s (deceased’s) name without title deeds, executors also need to submit the deceased’s death certificate and relevant transfer documents.<\/span><\/p>\n

    Executors must follow the instructions in the will to handle such properties. Before transferring the property to the beneficiaries, any outstanding mortgages or other debts must be settled using funds from the deceased\u2019s estate. This may involve negotiations with banks or other creditors to resolve any unsettled debts.<\/span><\/p>\n

    Note – When handling real estate matters, one should follow the legal provisions and procedures of Hong Kong. In dealing with such matters, it is advisable to consult a professional legal advisor to ensure that all actions comply with Hong Kong legal requirements and properly reflect the deceased\u2019s wishes.<\/span><\/p>\n

     <\/p>[\/et_pb_tab][et_pb_tab title=”INCOME TAX” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_font_size=”18px” body_line_height=”1.5em” tab_font=”||||||||” tab_font_size=”18px” use_background_color_gradient=”on” background_color_gradient_type=”circular” background_color_gradient_direction_radial=”left” background_color_gradient_stops=”#a71f25 0%|#ed3f36 100%” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ed3f36″ custom_padding=”10%|10%|10%|10%|false|false” custom_css_main_element=”min-height: 100%;” global_colors_info=”{}”]

    INCOME TAX<\/strong><\/h1>\n

     <\/p>\n

     <\/p>\n

    To ascertain the amount of unpaid income tax of the testator (deceased), the executor needs to submit a notification letter of the deceased’s passing to the Hong Kong Inland Revenue Department (IRD)<\/strong> along with a verified copy of the death certificate. The IRD will then provide the executor with detailed information about any unpaid income tax of the deceased. Subsequently, the executor must complete the relevant forms and settle any outstanding tax liabilities of the deceased. Once all dues are properly addressed, the deceased\u2019s income tax account will be closed.<\/span><\/p>\n

    Executors must ensure compliance with the relevant provisions of Hong Kong tax law. When handling the deceased’s estate and settling tax liabilities, it is advisable to consult a professional tax advisor or legal consultant to ensure all actions comply with Hong Kong legal requirements and accurately reflect the deceased\u2019s wishes.<\/span><\/p>[\/et_pb_tab][\/et_pb_tabs][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|on” _builder_version=”4.16″ _module_preset=”default” positioning=”none” global_colors_info=”{}”][et_pb_row disabled_on=”off|off|off” _builder_version=”4.16″ _module_preset=”default” positioning=”none” global_colors_info=”{}”][et_pb_column type=”4_4″ admin_label=”Column” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_accordion open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#a71f25″ closed_toggle_text_color=”#7CDA24″ closed_toggle_background_color=”RGBA(255,255,255,0)” icon_color=”#FFFFFF” use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” toggle_text_color=”#FFFFFF” toggle_level=”h3″ toggle_font=”|700|||||||” toggle_text_align=”left” toggle_font_size=”18px” closed_toggle_font=”|700|||||||” closed_toggle_text_align=”left” closed_toggle_font_size=”18px” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.5em” text_orientation=”left” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_accordion_item title=”BANK ACCOUNTS” open=”on” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” hover_enabled=”0″ global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” sticky_enabled=”0″]

    This includes:<\/span><\/p>\n

    a) The deceased\u2019s passbook
    <\/span>b) Any statements of accounts
    <\/span><\/p>\n

    The Executor can apply to the relevant bank for confirmation of account details, which is crucial for assessing the value of assets before distribution. They must provide the bank with certified copies of the following documents:<\/span><\/p>\n

    a) The deceased’s Will
    <\/span>b) The deceased’s HKID card\/passport
    <\/span>c) The death certificate issued by the Registry of Births and Deaths<\/span><\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”SAFE DEPOSIT BOX” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

    The Probate and Administration Ordinance (Hong Kong Chapter 10) Sections 60C to 60I stipulate: The Director of Civil Affairs, upon receiving an application, may issue a “Certificate for Inspection of Safe Deposit Box” and an “Authorization to Remove Items from Safe Deposit Box,” allowing the applicant to inspect the safe deposit box and remove specified items from it.<\/span><\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”MANDATORY PROVIDENT FUND (MPF) ” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

     <\/p>\n

    If MPF nominees were nominated<\/p>\n

    <\/strong><\/span><\/p>\n

    Executors should apply to the trustee of the Mandatory Provident Fund (MPF) scheme to disburse MPF funds to the designated nominees (beneficiaries). For this, they must present the original documents for verification to the MPF scheme provider:<\/span><\/p>\n

      \n
    • The death certificate issued by the Registry of Births and Deaths;<\/span>;<\/span><\/li>\n
    • Marriage certificate (if the spouse is the nominee);<\/span><\/li>\n
    • Birth certificates of children (if children are the nominees)<\/span><\/li>\n<\/ul>\n

      For children under 18 years old, if they are designated as beneficiaries, the MPF scheme provider typically withholds their share until they reach the legal age of majority (18 years old), unless special arrangements are made. In Hong Kong, the distribution of MPF funds usually follows the list of beneficiaries designated by the deceased.<\/span><\/p>\n

      If MPF nominees were not nominated<\/strong><\/span><\/span><\/p>\n

      If no beneficiaries are designated, MPF funds will be distributed according to Hong Kong’s statutory inheritance rules.<\/span><\/p>\n

      It should be noted that MPF scheme providers may have their specific regulations and procedures. Executors should follow these when applying for MPF funds. If the beneficiaries designated in the will and those nominated in the MPF are different, generally, the MPF funds will be distributed according to the instructions in the MPF nomination form. When dealing with MPF-related matters, it is advisable to consult a professional legal advisor or the MPF scheme provider.<\/span><\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”INSURANCE POLICIES” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

       <\/p>\n

      If beneficiaries were nominated<\/strong><\/span><\/p>\n

      The nominated beneficiaries have the right to claim any relevant insurance payouts in the deceased’s name. To facilitate this, the Executor must submit a verified copy of the deceased\u2019s death certificate to the insurance company for claim processing. If the beneficiaries explicitly named in the insurance policy and those mentioned in the Will differ, the insurance payout will be made according to the designations in the insurance policy.<\/span><\/p>\n

       <\/p>\n

      If beneficiaries were not nominated<\/strong><\/span><\/p>\n

      When beneficiaries were not nominated by the deceased in his Insurance policy, the persons named in the Will shall benefit from the claim.<\/span><\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”BUSINESS” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

       <\/p>\n

      Sole Proprietorship<\/strong><\/span>
      <\/span><\/p>\n

      Ownership of a sole proprietorship typically ceases upon the owner’s death. All commercial assets owned by the sole proprietorship will be distributed to beneficiaries according to the will’s directives after the owner’s demise. In the absence of a will, distribution will proceed according to Hong Kong’s statutory inheritance rules.<\/span><\/p>\n

       <\/p>\n

      Partnership<\/strong><\/span>
      <\/span><\/p>\n

      If the deceased was a partner in a business, the executor must handle relevant matters in accordance with any existing partnership agreement and the Will. This includes dealing with the deceased’s share in the partnership business and distributing any related assets as directed by the partnership agreement or the will.<\/span><\/p>\n

      If there is no partnership agreement in place, or if the agreement does not specify how to handle the death of a partner, the executor should proceed according to the relevant provisions of the Hong Kong Partnership Ordinance (Cap. 38). This may involve dissolving the partnership business or distributing the deceased’s share of the partnership in accordance with the will or the statutory inheritance rules.<\/span><\/p>\n

      The executor should ensure that all actions comply with Hong Kong law and accurately reflect the deceased\u2019s wishes. When dealing with partnership business matters, especially where the partnership agreement is unclear or non-existent, it is advisable to consult a professional legal advisor.<\/span><\/p>\n


      Private Limited Company\u00a0<\/strong><\/span>
      <\/span><\/p>\n

      The executor is responsible for notifying the company secretary of a Private Limited Company about the shareholder’s death and must submit a verified copy of the death certificate and a copy of the Grant of Probate. Once the documents are submitted, the company secretary will initiate the relevant processes and procedures of the company to handle the transfer of the deceased’s shares to the beneficiaries or legal heirs specified in the will.<\/span><\/p>\n

      If there is a shareholders’ agreement among the shareholders, all processes of share transfer must strictly adhere to the terms specified in that agreement, including any specific restrictions or conditions on the transfer of shares. After the transfer of shares is completed, the company must update its register of shareholders to reflect the information of the new shareholders.<\/span><\/p>\n

      Note – When dealing with the death of a shareholder in a Private Limited Company, it may be necessary to follow the relevant provisions of company law and the company’s articles of association. It is advisable to consult a professional legal advisor when handling such matters to ensure that all actions comply with Hong Kong legal requirements and properly reflect the deceased’s wishes.<\/span><\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”INVESTMENTS” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

      Various investments held in the name of the testator (deceased), including shares, unit trusts, stocks, and bonds, are to be transferred to the designated beneficiaries according to the instructions in the will. Executors must provide the relevant financial institutions with a certified Grant of Probate. Additionally, they are required to complete the appropriate transfer forms to formally transfer asset ownership to the specified individuals.<\/span><\/p>\n

      If the deceased owned shares in a listed company, Executors need to undertake the share transfer procedures to directly transfer the shares to the beneficiaries, or in some cases, such as when shares are not divisible, initially transfer them to the Executor (or a designated Executor) and then distribute the corresponding shares from the account to the beneficiaries. It is noteworthy that transfers of this nature in Hong Kong may incur administrative fees and tax implications.<\/span><\/p>\n

      Note – Managing investment-related affairs might necessitate compliance with specific legal stipulations and financial institution protocols. When handling these affairs, consulting with professional legal and financial advisors is recommended to ensure adherence to Hong Kong’s legal standards and the deceased’s intentions are accurately represented.<\/span><\/p>\n

       <\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”VEHICLES” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

      Vehicles, including all transport vehicles such as cars, trucks, and motorcycles registered in the name of the testator (deceased), are covered. Executors are required to obtain detailed information and registration documents of the vehicles owned by the deceased. Simultaneously, executors must notify the Transport Department of Hong Kong and process the vehicles according to the instructions in the will, which may include selling the vehicles or transferring ownership to designated beneficiaries.<\/span><\/p>\n

      For this purpose, executors need to submit the relevant transfer documents, including a verified copy of the deceased\u2019s death certificate and the Grant of Probate, to complete the procedures for transferring vehicle ownership. In some cases, it may be necessary to pay related taxes or administrative fees.<\/span><\/p>\n

      Note – When handling vehicle-related matters, executors should follow the regulations and procedures of the Transport Department of Hong Kong. When dealing with such matters, it is advisable to consult a professional legal advisor or the relevant department to ensure that all actions comply with Hong Kong legal requirements and properly reflect the deceased’s wishes.<\/span><\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”IMMOVABLE PROPERTIES” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

      Immovable properties include houses, apartments, condominiums, land, shop lots, etc., either solely or jointly owned.<\/span><\/p>\n

      Property with title<\/strong><\/span>
      <\/span><\/p>\n

      If the testator (deceased) held property ownership in Hong Kong, executors are required to submit the original Grant of Probate (registered through the verification process). If there is an outstanding bank mortgage on the property, executors need to negotiate with the bank to arrange the property inheritance based on the mortgage agreement and the remaining loan balance. Executors should hire a lawyer to manage the property transfer as directed by the will, including directly transferring the property to the beneficiaries or first selling the property and then distributing the proceeds to the beneficiaries.<\/span><\/p>\n

      To complete the property transfer, a new title registration must be conducted at the Hong Kong Land Registry to ensure the property records accurately update to reflect the new owner’s information.<\/span><\/p>\n

      Property without title<\/strong><\/span>
      <\/span><\/p>\n

      For properties under the testator\u2019s (deceased’s) name without title deeds, executors also need to submit the deceased’s death certificate and relevant transfer documents.<\/span><\/p>\n

      Executors must follow the instructions in the will to handle such properties. Before transferring the property to the beneficiaries, any outstanding mortgages or other debts must be settled using funds from the deceased\u2019s estate. This may involve negotiations with banks or other creditors to resolve any unsettled debts.<\/span><\/p>\n

      Note – When handling real estate matters, one should follow the legal provisions and procedures of Hong Kong. In dealing with such matters, it is advisable to consult a professional legal advisor to ensure that all actions comply with Hong Kong legal requirements and properly reflect the deceased\u2019s wishes.<\/span><\/p>\n

       <\/p>[\/et_pb_accordion_item][et_pb_accordion_item title=”INCOME TAX” open_toggle_text_color=”#FFFFFF” open_toggle_background_color=”#E02B20″ closed_toggle_text_color=”#FFFFFF” closed_toggle_background_color=”#939598″ icon_color=”#FFFFFF” toggle_icon=”3||divi||400″ use_icon_font_size=”on” icon_font_size=”20px” _builder_version=”4.20.4″ _module_preset=”default” body_text_align=”left” body_text_color=”#FFFFFF” body_line_height=”1.6em” background_color_gradient_direction=”90deg” background_color_gradient_start=”#a71f25″ background_color_gradient_end=”#ee3f36″ text_orientation=”left” custom_margin=”||||false|false” custom_padding=”||||false|false” global_colors_info=”{}” toggle_text_color=”#FFFFFF” toggle_level=”h2″ toggle_font=”||||||||” toggle_text_align=”left” toggle_font_size=”20px” closed_toggle_text_align=”left” closed_toggle_font_size=”20px” open=”off”]

      To ascertain the amount of unpaid income tax of the testator (deceased), the executor needs to submit a notification letter of the deceased’s passing to the Hong Kong Inland Revenue Department (IRD)<\/strong> along with a verified copy of the death certificate. The IRD will then provide the executor with detailed information about any unpaid income tax of the deceased. Subsequently, the executor must complete the relevant forms and settle any outstanding tax liabilities of the deceased. Once all dues are properly addressed, the deceased\u2019s income tax account will be closed.<\/span><\/p>\n

      Executors must ensure compliance with the relevant provisions of Hong Kong tax law. When handling the deceased’s estate and settling tax liabilities, it is advisable to consult a professional tax advisor or legal consultant to ensure all actions comply with Hong Kong legal requirements and accurately reflect the deceased\u2019s wishes.<\/span><\/p>\n

       <\/p>[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.16″ _module_preset=”default” positioning=”none” custom_padding=”150px||150px||false|false” custom_padding_tablet=”100px||100px||false|false” custom_padding_phone=”100px||100px||false|false” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”off|desktop” _builder_version=”4.16″ _module_preset=”default” positioning=”none” width=”60%” width_tablet=”80%” width_phone=”90%” width_last_edited=”on|phone” custom_padding=”||||false|false” custom_padding_tablet=”|10%||10%|false|false” custom_padding_phone=”||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.4″ _module_preset=”default” text_text_color=”#000000″ text_font_size=”24px” text_line_height=”1.8em” header_font=”|700|||||||” header_text_align=”center” header_text_color=”#000000″ header_font_size=”40px” background_color=”#febe10″ width=”70%” width_tablet=”85%” width_phone=”90%” width_last_edited=”on|tablet” module_alignment=”center” custom_margin=”80px||||false|false” custom_padding=”5%|5%|5%|5%|false|false” border_radii=”on|15px|15px|15px|15px” border_color_all=”RGBA(255,255,255,0)” box_shadow_style=”preset1″ global_colors_info=”{}”]

      IMPORTANT:<\/strong><\/p>\n

      If any beneficiaries have yet to attain 18 years of age or the age set out in the Will, all the benefits they are entitled to shall be held in trust by the Trustee until they attain the said age.<\/span><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

      Will Execution Hand BookCongratulations on making the wise decision to write your Will. While a written Will facilitates the distribution of your assets to your loved ones, there may be delays in executing the Will due to insufficient information or lack of documentary support required for transferring some assets. This handbook is designed to guide […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-1749","page","type-page","status-publish","hentry"],"yoast_head":"\nWill Execution - SmartWills Hong Kong<\/title>\n<meta name=\"description\" content=\"The Will Execution Handbook helps prepare essential documents and guides your family on necessary actions during execution.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smartwills.com.hk\/en\/will-execution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Will Execution - SmartWills Hong Kong\" \/>\n<meta property=\"og:description\" content=\"The Will Execution Handbook helps prepare essential documents and guides your family on necessary actions during execution.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smartwills.com.hk\/en\/will-execution\/\" \/>\n<meta property=\"og:site_name\" content=\"SmartWills Hong Kong\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smartwills.com.my\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-08T02:41:28+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/smartwills.com.hk\\\/en\\\/will-execution\\\/\",\"url\":\"https:\\\/\\\/smartwills.com.hk\\\/en\\\/will-execution\\\/\",\"name\":\"Will Execution - 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