It is increasingly common for Singapore residents to invest in properties overseas. However, there are 3 estate planning issues that need to be addressed.

First, real estate is subjected to the law of the land. Every country has different laws with regard to how real estate is to be handled in the event the owner dies. As an illustration, a HDB flat cannot be bequeathed to a foreigner. There may be similar rules in other countries. Before investing in overseas properties, check with the local authorities on whether your intended beneficiaries are able to inherit the property.

Second, it may be necessary to write two Wills. One Will is specifically for the country which the overseas property resides and the other Will for assets in Singapore. This is to reduce the time taken for grant ...