3 common mistakes can turn a family home into a family fight.
Answer 7 quick questions. See which ones may apply to your family.
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Free. 7 quick taps. For families with $3M or more in assets.
of Singapore household assets sit in residential property.
That is the part a will cannot split cleanly.
Singapore household balance sheet data, Q1 2024.
Mistake 1: Splitting the home "equally."
Equal shares of a home
are not equal usable value.
Mistake 2: Counting on the will alone.
A will divides ownership.
It cannot fund a buyout.
Mistake 3: Gifting property without a plan.
Gifted homes can be pulled into a divorce.
And a second property may add 20% stamp duty.
The Straits Times. Ten siblings.
One inherited house. Five court decisions.
99.co, July 2022. Two gifted properties.
Divided in a divorce.
Your assessment checks all three mistakes against your own answers.
Associate Estate Planning Practitioner® · Apex Private Wealth Management, representing PIAS.
Marv Lim (Lim Liang Wei) is an authorised Financial Adviser Representative of Apex Private Wealth Management, an authorised group of Financial Adviser Representatives of Professional Investment Advisory Services Pte Ltd ("PIAS"). MAS RNF No. LLW300074638.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This material is for general information only and should not be relied upon as legal, tax, or financial advice. Will, Trust and Lasting Power of Attorney are provided as a referral service. Illustrative figures are for illustration purposes only. Results vary by individual circumstances. Nothing here is guaranteed.
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