If a GoParity account holder dies, what happens?

In the event of the death of a GoParity account holder, the associated account funds must be transferred to the heir's account via the GoParity platform. For this, the heir must formally notify GoParity of the investor's death by emailing support@goparity.com.

The heir will be asked to submit the following documents:

- Qualification of heirs (document containing the lender's heirs) - Qualification of Heirs, Sharing and Records – IRN (justica.gov.pt).

- If the outstanding investment amount exceeds 3,000 euros, the Annex I of the Stamp Tax (declaration that replaced the former Inheritance Tax) must also be submitted -  Free transfers (IS) | Óbito Space - Backoffice (justica.gov.pt).

- If the heir is not a parent, descendant, or spouse, proof of payment of the Stamp Duty must also be requested.

As soon as GoParity receives the mentioned documents and validates the legality of the documents, GoParity can proceed to change the account's ownership. At that time, the new holder must open an account at GoParity so that the funds can be transferred between accounts.

The new holder is free to keep the ongoing investments or to sell them in our Marketplace. If there are available funds, these can be withdrawn or used for new investments within the GoParity portfolio.

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Goparity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing, both in terms of size and impact generated. We were born in Portugal in 2017, but have since then financed projects and grown a large community of investors all around the world.

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© 2021 Goparity

Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.