Personal Finance
Question on a Will writing obstacle XII (fairness)
By Wilfred Ling, The IFA on Duty  •  July 19, 2011
Bookmark and Share Question: "I have a spouse and an age old mother (currently staying with my young brother, who is not married), with no children. My spouse is a PR and a housewife, with not much saving. I have my own HDB flat, under single owner scheme, when I dies, my wife have to sell away the flat, according to HDB rule. I still cannot decide the percentage of giving to both of them. As I do not have children, if i give high percentage to my wife, it will be unfair to my mother, as she brought us up in hardship. If I give high percentage to my mother, when she die one day, my asset will go to my brothers. So I am still in a confuse stage to calculate out the percentage." Answer: Under the Intestate Succession Act, your HDB being in your sole name will be given ......
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance