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I would like to buy a private property under a joint tenancy with my 3 year old daughter. This is in the event that if anything happens to me, the property will be in her sole name. Is this possible?

If so, who would become her trustee assuming if I did not leave behind a will?
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3 Answers

Hi,

One needs to be at least 21 years old to be able to have legal ownership of property in Singapore, hence your daughter can't enter into an purchase agreement for now. In this case, you will need to structure a trust with specific conditions for her to take over the property in due time, and would need a law firm to assist. It is also good to plan with someone in mind for a trustee. Its best to consult a law firm for more legacy planning advice.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Hi

Best to consult a law firm to formulate and plan according to your requirements. I can refer you to my contact.
Feel free to contact me @ 91147421  for further assistance.

Thank you
Jeremy He
ERA Read More
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Robbie Chen Chee Howe
Hi,

I am afraid this is not possible, as your daughter is below the age of 21 and is not allowed to be a "co-owner" of a property.

What you can do is, to purchase it under your personal name, and do up a Will, and name her as your beneficiary, and appoint a Trustee (who's above age 21). In the unfortunate case of your demise, the Trustee shall only act on the contents of the Will.

Should you need any further assistance, please contact me at my mobile 9748 6305  . I will be happy to assist.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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