What happens to my beneficial interest if I pass away?
Upon an investor's passing, the beneficial interest in the shares is treated as part of the deceased’s estate. The rights to these investments pass to your Executor (if you have a Will) or Administrator (if you do not).
How can my Next of Kin or Legal Representative claim the investment?
Your next of kin or legal representative should contact us at support@pitchin.my. Since the shares are held by Pitch Nominees, the process is often more streamlined than a direct share transfer, but we still require legal proof of entitlement.
The claimant will typically need to provide:
Certified Copy of the Death Certificate.
Grant of Probate (if there is a Will) or Letters of Administration (if there is no Will).
Identification documents (NRIC or Passport) of the legal representative.
Proof of Relationship (e.g., Marriage or Birth Certificate) if applying as next of kin prior to the Grant of Probate.
How is the transfer of beneficial ownership handled?
Once our legal and compliance team verifies the documents:
Verification: We confirm the identity and legal authority of the representative.
Internal Record Update: Unlike direct ownership, we do not usually need to update the company’s register at SSM immediately because Pitch Nominees remains the legal owner. Instead, we update our Internal Register of Beneficial Owners.
Transfer of Interest: The "Beneficial Ownership" is formally transferred to the heir or representative, who will then receive all future dividends or proceeds from that investment.