What comes under the category of Residuary Clause Will Singapore?
The first step to learning about the Residuary Clause Will Singapore will include what comes under it and how it is dealt with. Often this category includes residual property that includes all property of a deceased individual not specifically given to a beneficiary through a will. Whether it be money or other items, the residual property has no owner unless laid out in the will. This property is then dealt with by the Residuary clause Will Singapore and is also known as “ catch-all-clause” because the main reason for its bringing includes the fact that no property is left out. There are few points you need to keep in mind before going in for a Residuary clause Will Singapore. The residual property may result due to: An intended beneficiary under the will passes away prior to the effective transfer of property to him/her. The testator acquires new property after executing the will; Property that is specifically bequeathed under the will (such as house) is sold and converted into mon