My uncle died in a car accident the past month. Upto this day his family mourn for him and worries about the debts he left with my aunt and his sons. His will was not given to them since his debts was the executor prioritizes it before his will be stated to them. They got their family lawyer to settle his will along with his assets and liabilities.
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NTUC Plus! VISA Debit Card / Oversea-Chinese Banking Corporation
The Bank of China is now officially part of the atm5 shared network and in effect you can now check your account balance and enjoy cash withdrawals with your BOC Great Wall International MasterCard Debit Card at over 230 ATMs with atm5 Logo Island wide without any transaction fees. You should know that cash rebate is capped at a maximum of S$10 per calendar month.
Bank of China Great Wall International Debit Card / Bank of China
In my opinion, the SAFRA DBS debit card is simply the best debit card. NSF cardholders can get 2% cashback on all contactless payments and 1% on online shopping with no minimum spend. For everyone else, that is non-NSFs, the minimum spend to enjoy these bonus cashback rates is actually $400. But by and large this I believe is worth it in order to reap the full benefits with the card.
SAFRA DBS Debit Card / DBS Bank
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BOC Zaobao Debit Card / Bank of China
Major highlights with this card has got to be the 24-hour Concierge, minimum of 16 years of age eligibility, 1% cashback on overseas and online transactions with minimum spend of SGD $1,000 per quarter, 0.3% cashback on local transactions with minimum spend of SGD $1,000 per quarter and enables contactless payment with maximum spend of SGD $100 under UnionPay QuickPass.
DBS UnionPay Platinum Debit Card / DBS Bank
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OCBC Plus! VISA Debit Card / Oversea-Chinese Banking Corporation
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The family, including his wife (unless they have joint accounts) and sons, will not be inheriting the debts that your uncle left them. The debts of your uncle will be payable out of his estate. The executor responsible will then proceed to sell off investments and withdraw the money left in the deceased's bank accounts to pay off his debts. After settling the debts, is the time when the executor will distribute the remaining assets according to the instructions of the deceased’s will.