04 Dec '16, 3am

Had some recent discussions with some of my buyers recently who are interested to do up a will for their...

Estate planning is necessary, and especially important if you have children to whom you would like to leave your property. Here are some essential tips you must know if you are planning to do so. 1. What happens without a will? If you have not drawn up a will, any property you own will come under the Intestate Succession Act after your demise. This means the property or any proceeds from its sale — after the relevant legal and administrative fees have been deducted — will go to your child. If you have more than one child, the property or profits made from its sale will be distributed amongst your children. However, if you have a surviving spouse, he / she will be entitled half of your property or any proceeds from its sale after your death; the other half will go to your child / children. If you have more than one child, their half of the property or profits from its sale ...

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

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