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 monies prior to the testator’s death; 
• The distribution of property under the will is contrary to law or invalid for some reason; 
• Other reasons causing the failure of transfer of property under the will.

What is the residuary clause will, Singapore?

Wills in Singapore often consist of residuary clauses. The Singapore Courts have generally adopted a consistent approach to dealing with residuary property. Where the will contains a valid residuary clause, the Court will determine whether the property falls within the scope of the clause. 

If the answer is yes, the property will be distributed in accordance with the residuary clause (and therefore, the testator’s wishes). Where the will does not contain a residuary clause, the Court will apply the provisions of the Intestate Succession Act (Cap. 146 of Singapore) to determine the manner in which the residuary property should be distributed.

Summing up

The probate lawyers at Populus law corporation can help you with drafting a will with a residuary clause. They also provide other valuable services in this field. You can visit their website to learn more about the residuary clause in Singapore and gauge their best in the market prices.

 If you are willing to know about the Online Will Writing Singapore you can also visit Singapore Probate Lawyer for better wills and keeping all the points of distribution as possible.