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Passing on property as an inheritance
Whether you are married with children or single with elderly parents to support, prepare a will if you want to decide exactly how your property should be distributed
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GuocoLand's Dora Chng says property in Singapore is a good asset class for transfers between generations.
PHOTO: GUOCOLAND
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Maybe you own a condominium or a Housing Board flat, and you want to leave that property to the next generation. In all likelihood, you will need a will, a family trust or life estate.
According to Ms Jacintha Pillay, a partner at Sim Mong Teck & Partners, there are several intricacies of inheritance laws here that property owners should take note of.
