But be sure to inform the executor of your request before appointing him in a will, he adds.
The advisor sfor example the lawyer s or will specialist involved. But if you do amend your will, be sure to register it with the IPTO each time to ensure the updated version is enforced.
In such cases, the funds have to be spent for the benefit of the child, and records kept. Even a single person with deceased parents can make a will if he would like to leave specific instructions on distributing assets among his siblings.
Property held in joint tenancy is also excluded, as the surviving owner has the legal right to take full possession. A bank account in Singapore that is joint named or a shared real estate property may not be included in a will.
This lists nine rules dictating how the assets of a deceased non-Muslim citizen can be distributed. It's not all about money You can also appoint your executor in a will, which is particularly important in the case of people with elderly parents, as the legal process of obtaining the apportioned assets can be complicated.
It will operate once a week on Fridays from 3pm to 8pm. The Sunday Times looks at why you should consider making a will. The assets originally meant for him or she then becomes part of the remaining assets.