No one plans to fail but many fail to plan
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Properties Not Affected by Will
Real Property Held in Joint Tenancy The surviving joint tenant (owner) will takeover the entire property. Insurance Policy Held in Trust When a policyholder nominated the spouse and/or child(ren) as beneficiary, a trust is deemed to have been created. The policy proceeds does not form part of the policyholder's estate and cannot be Willed away. CPF Savings A CPF member can state the beneficiary by making a nomination. If there is no valid nomination, the CPF savings will be distributed by the Intestacy Law. Insurance Policies with S49M or S49L Nomination Policy proceeds will be distributed to nominees named in the policy. Immovable Property at a Foreign Country The law of the country where the immovable property is situated shall apply. |
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