27 Jun '16, 1pm

Essential tips on real estate planning

Property in Singapore is a big deal in a small country, with home ownership rates among the world’s highest. Regardless of what kind of home you own, it’s vital to put down in black and white your plan for its future. Be specific If you have more than one child, you may simply state in your will that your house should be sold and the earnings shared equally among your children. However, bear in mind that no matter how well they get along now, things may not always be this harmonious. As such, make provisions for specific circumstances and how, in each circumstance, the proceeds from the sale of your property should be divided. Additionally, if you have an HDB flat, remember that after you pass on, your children will have six months to sell the flat. If you intend to pass the flat on to them, you can only do so if they are above the age of 18 and do not have their own HDB f...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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