Asked by Anonymous
Hi,Need some perspective on what i should be doing about my parents property mainly because i realise we never really or never talk about this properly or related matters. my parents are both in their 50s, still working and generally healthy . there HDB is jointly owned by both of them and me + my sibling are the only children my sibling is married and living overseas now, while am still in SG & no plan to move to anyother country i love SG.
The thing is my parents never really talked about what happens to the flat if one of them passes away . ialways assumed everything just goes to the other spouse first then to the children, but not sure if its actually that simple or process is different??.
They dont have a proper will as far as I know , and tbh I dont think any of us have thought much about it until recently . not trying to rush them or anything , but I also dont want everyone to suddenly panic and start settling paperwork when something happens .
Should we be doing anything now while both of them are still around ? Is making a will enough, or are there other things we should sort out specifically because the HDB is jointly owned ?
Just trying to understand what ppl normally do in this situation before i bring it up with them .
The thing is my parents never really talked about what happens to the flat if one of them passes away . ialways assumed everything just goes to the other spouse first then to the children, but not sure if its actually that simple or process is different??.
They dont have a proper will as far as I know , and tbh I dont think any of us have thought much about it until recently . not trying to rush them or anything , but I also dont want everyone to suddenly panic and start settling paperwork when something happens .
Should we be doing anything now while both of them are still around ? Is making a will enough, or are there other things we should sort out specifically because the HDB is jointly owned ?
Just trying to understand what ppl normally do in this situation before i bring it up with them .
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