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Showing posts from March, 2019

Property Distribution – In Full, In Part, In Cash?

Property distribution should be a blessing, not a curse. Review how you can adequately include your minor, parent and spouse in your property distribution. Property is usually the biggest item on our list of assets. Given that property is mortar and brick, homeowners need to clearly consider the various options available for the distribution of their property.  There are many obstacles in property distribution, that can eventually make the property inheritance a burden and source of conflict for your appointed beneficiaries. A few points to consider is listed as follows: -  Minors  are legally ineligible to inherit a property. - The law restricts the possession and inheritance of government subsidized property. You can only hold on to 1 such property at any time (For Singaporean) . - Property inheritance can be troublesome for beneficiaries that reside outside  the country of your property. - Beneficiaries with special needs  and various other mental impa