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The Wills Act (Cap 352)
The requirements for a valid Will
are stated in this Act. Essentially, the Will must be witnessed
by two witnesses and the rules on formal validity complied with.
The testator (person signing the Will) must have the mental capacity
to do so and is above the age of 21 years. The beneficiaries shall
not be the witnesses to the Will..
The Probate & Administration
Act (Cap 251).
This Act deals with the procedures
and law relating to the grant of probate & letters of administration.
It spells out when a Grant will be given, and when it can be revoked.
The procedure for re-sealing of Probates & Letters of Administration
granted out of Singapore is stated clearly in part X of the Act.
Section 9 deals with the situations in which the Will is lost or
mislaid after the death of a person. Another important section is
section 13, which deals with the failure of executors.
The
Intestate Succession Act (Cap 146)
This Act deals with the distribution
of assets of a deceased who had died without a Will or an invalid
Will. Essentially there are two categories of such distribution:
(1) Deceased died with surviving spouse (2) Deceased died without
a surviving spouse.
For case where the deceased is
married with children, the surviving spouse will be entitled to
50% of the estate and the children the balance 50% in equal shares.
If a married deceased has no children, then the surviving spouse
shares the estate equally with deceased's spouse parents.
For case where the deceased died
without a surviving spouse, but there are children, the children
will get the whole estate in equal shares. If the deceased has no
surviving spouse and no children, then the estate falls on the deceased's
parents.The next in line is siblings, followed by grandparents,
uncles and aunties, and in default, of all the aforesaid, then the
Government
The Inheritance (Family
Provision) Act (Cap 138)
This Act provides for surviving
spouse and children to apply to the Court if the disposition of
the deceased's estate as effected by the Will or the law relating
to intestacy or a combination of both, is not such as to make reasonable
provision for maintenance for the dependant to oder reasonable provision.
Certain conditions apply.
The Trustees Act (Capt
337)
This Act deals with the powers,
liabilities and duties of trustees.
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