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When siblings fight after inheriting properties in equal shares
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If everyone holds an equal stake in multiple properties, a dispute can happen as no one has an upper hand to make any decision.
PHOTO ILLUSTRATION: PEXELS
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Anyone hesitating over writing a will need only look at a ferocious battle fought by four siblings over their father’s properties to see how essential legacy planning is.
In an almost text book example of how things can go wrong, the father died without a will, so his main assets – two shophouses in Jurong worth about $5 million – had to be distributed equally among his three daughters and a son according to intestate law.
