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Ace

31 May 2021

βˆ™

Property

Having a will for my first HDB flat

Do you think it's best to write a will once you have got your first house (e.g. Single who just got a HDB flat, i.e. sole owner)?
Asking this because noted that the Public Trustee (govt) can only distribute estate not > $50K and a house is definitely worth more than that.
Also welcome any sharing of experiences writing a will.

Discussion (2)

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Tan Choong Hwee

31 May 2021

Investor/Trader at Home

For HDB with sole owner, it is definitely good to write a will. Without a will, the interest in the flat will be distributed according to the Intestate Succession Act, and seems like it will be handled by HDB:

HDB on Demise of Sole Owner

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