Asked by
Hi Guru
would like to check on the following
- Currently my mum owns an HDB
- For me would be moving to an EC in 2 years time

1)would like to check, can my kids inherit my mum HDB flats after she pass on ?and only i have the right to sell or keep the hdb.
2) Will bankruptcy(me) affect the above mention and forced to liquidate the HDB? ( after inherit the hdb )
3) Is it possible to decouple and own one more hdb ( wife own EC , Me own HDB)
(before bankruptcy)
My ultimate plan is to own
1 EC (Wife)
1 HDB (Me)
1 HDB ( inheritance from my Mum ) ( Under kids name )

Thanks In advance
Thanks
0
235 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Hi,

1) Your mum can prepare a will to do so. Otherwise, the distribution after death would be based on the intestate succession act.
2) HDB flat is protected from creditors if such a situation arose assuming you are eligible to keep the flat.
3) You are not eligible to purchase an HDB flat if you are still under marriage status, assume your spouse wanted to keep the EC.
4) Do note your child although able to receive an inheritance from your mum, your child also needs to be eligible to keep the flat. For example, single >35 yrs old or married if under 35 yrs old.

5) Assume your EC already meets MOP, you will have to appeal to keep the inheritance from your mum. Because the reality is you not supposed to own any private property to be eligible to keep the flat.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions