31 July 2017

CheatSheet : Estate Distribution

Before you start shooting the messenger (or rather your "Will Executor" in this case), when he/she does not follow what you wrote in your Will, first make sure what you wrote is valid.

You can easily refer to the cheat sheet below on what can be Will'ed and what can't:



Basically your estate is divided into 2 categories: Those can be distributed by Will and those by Law. Within the categories, each of them is further divided into estate that is movable (like your cash & investment) and those that is immovable (like your properties). All the different estates are listed clearly in their respective categories for your easy reference.

E.g. If you indicate your CPF monies in your Will to be given to so & so, the monies CANNOT be distributed accordingly. Because, by law, CPF monies can only be distributed using the CPF Nomination form.
So have you make your nomination yet? It's free.

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