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Anonymous
Thank you for your blog. It has guided me though my university days and now into the working world :)
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Boon Ming
06 Feb 2020
Engineering at Nanyang Technological University
For me it's rather simple, "If there's no will, it will go to the 'government', the 'government' will decide according to their guidelines, and charge fees and GST on the amount. It might not go to the ones you want."
'Government' here referes to Public Trustee
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Tell your parents this: if you die without a will (i.e. intestate), you will not have control over how your assets are allocated to your surviving relatives and friends. Section 7 of the Intestate Succession Act provides rules for how an intestate's assets are divided. For example, if the intestate is survived by a spouse and children, the spouse received 50% of his estate, and the remaining 50% is divided among his children equally.
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Cedric Jamie Soh
24 Dec 2019
Director at Seniorcare.com.sg
You can convince your parents that this is important to prevent government rules and laws that make separating the estate a much more difficult job for you (and your siblings if any)
I always use the government as a handy... target.
Do it coz government needs it! Don't make things difficult for me later when the government find me....
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I think you can share with them the advantage of creating a will such as it prevents unnecessary con...
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There are some inputs here, that could be helpful
https://www.doyourownwill.com/blog/the-benefits...