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Anonymous

18 Apr 2019

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What happens to my HDB (still servicing loan) if I passed away? Will my family inherit it?

I’m not married, my parents are still around, I have 2 married siblings? Do they inherit it (and the loan)?

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Tan Siak Lim

30 Aug 2018

CFP. Director, Financial Advisory Group at Financial Alliance

Yes, they will inherit. If you don't have a Will (I guess you don't), it will be inherited based on intestate succession act, https://sso.agc.gov.sg/Act/ISA1967. If you don't like the way it works, just write a will so that your flat can be given according to your wish.

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Thoughts on spreading commissions over 20 yrs instead of about 5 yrs? since servicing should be long term, If we take hdb loan then transfer to bank loan, the loan amount still capped at 75%?

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