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This is more of legal matters, therefore you should refer this to the lawyer on how the estate can be managed. Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, your son could take over this flat by then provided he is at least 35 years of age.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Do contact me at 97970200  to understand more and discuss

Mark, your RIGHT choice
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My Answer with regards to your Question:

Consulting with a lawyer specializing in estate planning and probate matters can provide you with personalized advice and assistance in drafting and executing your will.

I am Sorry that This platform does not allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

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ABLE Toh-ERA, Singapore Mobile :( +65) 9856 9255  “ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me Read More

Hi,

1) You should consult your queries with the lawyer who drafted your will.
2) You should have appointed an executor to execute your will. This should be stated in the will as well.
3) Your son can be the owner of the flat but he did not satisfy the eligibility conditions listed by the HDB. He will have to sell it in the market provided he is the executor of the will.
4) If a 3rd party is appointed as an executor. The executor will act according to the will within the law-permitted circumstances.
5) Once the flat is sold, the sales proceeds will be distributed according to the instructions in the will.
6) If your son satisfies the eligibility to keep the flat and does not want to sell the flat. There might be complications due to your will.
7) The organizations might bring this to court and force him to sell so that they could get their shares. This is when your son is not able to buy the shares from them, or they cannot agree on the price of the share.
8) Therefore, I strongly encourage you to consult your lawyer to ensure it is really what you intend to do after passing on.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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 Read More

Hi,

If the property is a HDB flat, he must be eligible to "own" the flat under one of the many HDB Eligibility Schemes, even if the flat is willed to him. If he's not eligible to own, he will still be required to dispose off the flat within 6 months upon the inheritance.

And you mentioned that he will only get 40%? This likely means he will have to sell off the flat, and distribute the proceeds in accordance to the Will. He will not be allowed to hold onto the flat.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More