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shares after death
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Andrew
Master |
06-Jul-2009 15:50
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Aiya....cash in paper is also wood laaaa....not the plastic Yusof...plastic money maybe the termite will not eat hor....??.bed also ?? hmmmmm.......
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niuyear
Supreme |
06-Jul-2009 15:35
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Huh! termites? Sounds spooky! These insects feed on woods and dont tell me they eat the coffin already, then trace the dead's smell and will attack the dead's wardrobe..... Someone once told me, do not throw away the dead's bed until 7 days later but, i forgot what was the reason .
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Andrew
Master |
06-Jul-2009 15:21
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One point to note, if you need to get a loya after death without a Will hor, the fee they charge is not fix. It is portional to the size of your estate lor... When one of my relative died without a Will, the first loya they approached is asking 10K, then the next loya 7K finally checking with tens of loya later 3K. I get my loya friend to help.....800+. Try to get a Will laaa....cheaper....easier....less problem. BTW, my this relative also loss perhaps tens of thousand to termite lor.....keep cash in wardrobe.....Bank said they will take chew up cash if....they can find match of the two serial numbers on the cash......they took weeks to figure out. According to Fengshui, the wardrobe of the dying person usually has termites....heee....true in his case.... Big Trumpet is a NTUC-Income service....here is the link... https://incnet.income.com.sg/uiwillclient/About.aspx http://www.bigtrumpet.com.sg/bt2/ |
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ekekeg
Veteran |
06-Jul-2009 14:00
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Alligator is right. A trustworthy executor is important. In the wrong hands, the will will not be a will, but it will enrich the party holding the document if he wants to be dishonest. Nowadays people are not simple to trust. | ||||
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Alligator
Veteran |
06-Jul-2009 13:43
Yells: "learning from past " |
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having a will is wise. however one should be very very careful of choosing the trustworthy executor, and also preferably the executor is younger or will outlive the person writing the will. i believe at some point, one can also consider using 'joint account' in CDP, joint account allows the other surviving party to withdraw easily without going thru the lengthy legal process. there is a transfer fee when shares are transfered from single-name account to 'joint account' check CDP informations on related to this subject. below are the links http://www.cdp.com.sg/faq/transfer_faq.html http://www.cdp.com.sg/faq/transfer_faq_estate.html |
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ekekeg
Veteran |
06-Jul-2009 13:36
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In Singapore, if you did not leave a will upon death, then your relatives will have equal share of what you left behind should you be single. But if you are married, then of course your wife and children will be given equal shares. If no children, then the wife gets all. If no wife then parents get to share, if no parents, then brothers, and if no brothers and sisters, then aunties and uncles. The public trustee will administer for you but the process is quite troublesome and may take months. | ||||
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tchoonw
Veteran |
06-Jul-2009 13:05
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very easy...just do a will and transfer to my name! :P
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Andrew
Master |
06-Jul-2009 12:49
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You need a loya to help transfer to next-to-kins.....why not write a will....Trumpet is an online will service....quite cheap....
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tchtby
Member |
06-Jul-2009 12:42
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I would like to know what happens to our shares when we are no longer around in this world. I have no will and cdp acct is single name. |
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