Asked by fiona
Will need advice.
My father passed over this year as sole owner of his flat instead of co - owner as assumed. He rewrote his will before his death bequeathing the flat to my mother but did not state as beneficiary.
My mother is currently staying there as occupier with helper. She is 75 years old and has dementia. We his daughters have taken over as executors and are slapped with a deadline of 1 year to take over ownership or return the father’s flat which is only 3 years under mop. Currently all the beneficiaries unable to take over excerpt for me. Coz my flat has just reached MOP and no family only tenant.
We are appealing to HDB to extend our ownership as executor and has wrote in with MP requesting for some extension.
We are faced with two grim scenarios
Scenario 1: I sell my flat and take over as owner of my father’s flat. Not in a good location. But his flat fully paid for.
Scenarios 2: I shift my mother to my flat and return my father’s flat to HDB. My flat is in a better location will fetch a better price in future. my flat also fully paid for.
We are upset that in both scenarios we stand to lose medical benefits and elder care subsidies even cdc vouchers she enjoy staying on her own. Her household income will increase by staying with me. I also lose my tenancy income.
Scenario 3: I add her in as co owner of my flat and remove my name. But she has to buy over the cpf monies that I took. She does not have enough short of another 100 plus K. I take over my father’s flat.
Anyone got any better advice or better scenarios?
My father passed over this year as sole owner of his flat instead of co - owner as assumed. He rewrote his will before his death bequeathing the flat to my mother but did not state as beneficiary.
My mother is currently staying there as occupier with helper. She is 75 years old and has dementia. We his daughters have taken over as executors and are slapped with a deadline of 1 year to take over ownership or return the father’s flat which is only 3 years under mop. Currently all the beneficiaries unable to take over excerpt for me. Coz my flat has just reached MOP and no family only tenant.
We are appealing to HDB to extend our ownership as executor and has wrote in with MP requesting for some extension.
We are faced with two grim scenarios
Scenario 1: I sell my flat and take over as owner of my father’s flat. Not in a good location. But his flat fully paid for.
Scenarios 2: I shift my mother to my flat and return my father’s flat to HDB. My flat is in a better location will fetch a better price in future. my flat also fully paid for.
We are upset that in both scenarios we stand to lose medical benefits and elder care subsidies even cdc vouchers she enjoy staying on her own. Her household income will increase by staying with me. I also lose my tenancy income.
Scenario 3: I add her in as co owner of my flat and remove my name. But she has to buy over the cpf monies that I took. She does not have enough short of another 100 plus K. I take over my father’s flat.
Anyone got any better advice or better scenarios?
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