Singapore Probate Lawyer

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 conv...

The Residuary Clause Will in Singapore says the person who gets any assets or the sale proceeds further is not specifically gifted somewhere within the will or trust.  Thus, a residuary clause is a catch-all provision that allows a testator of choice or a settler to ensure that all their assets pass as they wish. A residuary clause can be more elaborate and proffers for various unpredicted contingencies while writing the will. Not having a residuary clause is virtually unprecedented in an attorney-drafted will.  When it does occur, failing to proffer a residency clause is most likely to be found in a layperson's handwritten (holographic) will.  A well-drafted attorney's will or trust should give you greater peace of mind. Is a residuary clause required in the will or trust while writing Will? Yes, both a will and a conviction should always contain a residency clause in addition to any specific bequest clauses. Assets that are not explicitly gifted elsewhere in the will o...