What should I do after the death of the main applicant for the Philippine Retirement Visa SRRV?

What to do after the death of the main applicant of the Philippine retirement visa SRRV?

A: The living spouse is also the holder of the SRRV and has the right to inherit as the primary holder, using the original account as their own prescribed savings. Assuming that he/she chooses not to inherit the primary holder status, it will follow the legal succession procedure. Beneficiaries must follow Philippine banking rules if they want to withdraw their deposits. Since the applicant is to be a foreign resident, subject to the tax rules of the country of nationality, the successor is required to pay property tax in accordance with local laws.