Personal Finance
Husband died leaving spouse with no home, no money ; DIY video Will invalid
By Wilfred Ling, The IFA on Duty  •  May 1, 2011
Written by Wilfred Ling    Saturday, 30 April 2011

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There is an article on 30 April 2011 Straits Times page D2 entitled “In sickness & in death” on the predicament suffered by foreign brides when their Singaporean husbands died. In that story was a Chinese national by name of Madam Xiao Huxian whose Singaporean husband died of lung cancer. He left behind Madam Xiao, Jiabao who is their only Down Syndrome son and his 25-years old daughter from previous marriage.

Under the Intestate Succession Act, the deceased’s estate is to be distributed to 50% to spouse and 50% in equal share to children. Therefore, Madam Xiao and her son are entitled to three-quarter of the estate worth at least $200,000. Well, that is only on theory because in life what happens in practice and in theory are often not the same. The following are the obstacles:

  1. Because there is a ...

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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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