Asked by Mr. Vince Ng
Hi,
For HDB, once the last surviving party passed on, what will happen to the HDB flat (20 years flat),
(Q1) if there is no will done by the last surviving owner? - Will the HDB be sold and distribute the sale proceed to the remaining children?
(Q2) if there is a will done by the last surviving owner - the asset will distribute according to the Will, so all the children may not an equal share among themselves. is this correct?
Thank you.
For HDB, once the last surviving party passed on, what will happen to the HDB flat (20 years flat),
(Q1) if there is no will done by the last surviving owner? - Will the HDB be sold and distribute the sale proceed to the remaining children?
(Q2) if there is a will done by the last surviving owner - the asset will distribute according to the Will, so all the children may not an equal share among themselves. is this correct?
Thank you.
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