Planning for what happens to your assets when you die is important. We recommend making sure your Hatch account and assets are listed in your Will, including what you would like to happen with them when you pass away.
When Hatch is notified that one of our investors has passed away, our team manages the process to make sure all the assets and accounts are handled safely and with care. Part of making this process efficient includes our team requiring evidence of each situation.
This may include our team asking for:
A death certificate
Proof of the named Will executor or administrator
Proof of ID of the named Will executor or administrator
When we receive a death certificate, we'll close your account to prevent any activity taking place (including associated Kids Accounts). We'll then work with the verified executor or administrator to ensure your assets are transferred or liquidated to the estate.
For Kids Accounts, possible outcomes are transferring account to another legal guardian, withdrawing money into a bank account in the child's name, or other verified legal instructions depending on the situation.
Once we have the evidence and documents we need, it will likely take a week to transfer your assets or to liquidate your account.