Asked by Anonymous
Dear Guru, I have a 'legal' question to seek some advice. Currently we are lving in a HDB flat and awaiting for our new EC to be TOP in 2016. We intend to buy (with full cash payment) a resell HDB flat for my widowed mum to stay, sametime making a Will that I will be the sole beneficial. QQ: If in case, my mum passed away few years later, and we have not exceeded the MOP in our EC. Can I takeover the ownership while within the MOP? If my mum's Will to give the flat to me as a 'gift', what differance and is it 'better than a Will'? If my mum passed away after our EC's MOP, can I own both ppty at the same time? What other legal or tax issue may arised?? BTW, I am the youngest of 4 siblings. Pls advise and thank you. Mrs WU.
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