Dfine Legacy

25/07/2022

This article shared the importance of choosing the right executor/executrix. Will planning is essential!

09/05/2022

With this new rule, there is a need to review your estate plan.

https://www.todayonline.com/singapore/additional-buyers-stamp-duty-35-apply-any-transfer-residential-property-living-trust-may-9-1892931

Dfine your Legacy with us.

SINGAPORE — Additional buyer’s stamp duty (ABSD) of 35 per cent now will apply on any transfer of residential property into a living trust occurring on or after May 9, the Ministry of Finance (M*F) announced on Sunday (May 8).

27/04/2022

One may be nominated as the beneficiary of a certain property, but according to the law, the surviving co-owner will inherit 100% of the property if it is under joint tenancy.

"In joint tenancy, the right of survivorship applies. This means that upon the demise of any joint owner, his interest in the flat would automatically be passed on to the remaining co-owners. This is regardless of whether the deceased joint owner has left behind a Will.''

To prevent such incident, contact us to understand more how estate planning can help.

https://mothership.sg/2021/07/siblings-inheritance-fight-sg/

The parents willed the properties to the youngest son, but the eldest son is a co-owner of the properties under joint tenancy.

21/04/2022

Preventing our loved ones from fighting over our estate is one the main reason why estate planning is important.

20/04/2022

Many people are unaware that Will planning is a 2-stage process.

Stage 1 involves fact find, analysis and recommendation which includes a proposal on how the estate is to be distributed.

Stage 2 is the implementation phase which is best done by a legal professional to draft the will according to the estate plan.