What to do with inheritance?

[Kusje]

Either the mother is youthful looking or the son is cao lao.

 

Dey rook rike dey r frm the same era

86 and 62...

 

Can tell the difference from the face meh?

[Theoldjaffa]

86 and 62...

 

Can tell the difference from the face meh?

It's not about the age number per se.

 

It's about how the mother and the son looks like they are from the same group.

 

 

[Enye]

Sifu, I will be glad for the opportunity to buy you an atas lunch too.

 

But my definition of atas might be different from yours.

 

 

Sifu, I will be glad for the opportunity to buy you an atas lunch too.

 

But my definition of atas might be different from yours.

tank yew tank yew high flyer

 

as long as you don’t chia me the food offerings for the hungry ghosts can le...

Edited August 20, 2018 by Enye

[Adrianli]

Met the lawyer today to manage my late mum's estate. Had a few queries answered.

 

- Letter of Administration only last for 6 years, not forever and ever. Need to apply to court again and provide solid reason for extension.

 

- Inherited property does not attract stamp duty. Unless it is sold later on.

 

So now wait for court date and dont know when will receive the inheritance from my grandparents. Pending my uncles sell it.

[Adrianli]

Received a lawyer letter from my Uncles and Aunty (Administrator of my Grand-parents assets) indicating that they will be distributing the assets if there is no disagreements by next month.

 

Five pages long with chronological of the events from my grandfather dearth till now. Basically from 1951 till now. There are two properties, cash, shares and bonds. Looks like, we will be given a pretty big sum if all liquidated. But there is a clause indicating that all debts to be cleared before distribution.

 

So not sure of exact amount. But looks like everything is moving forward.

[Windwaver]

This is how young billionaires are born.

[Throttle2]

https://www.businesstimes.com.sg/property/ong-family-green-bus-co-fame-sells-dunearn-bungalow-s55-million
 

Too bad, not a cent for my mother nor my family…😌

[Adrianli]

Just an update. Did received half of the inheritance so far.

[Jamesc]

On 3/17/2026 at 10:21 PM, Adrianli said:

Just an update. Did received half of the inheritance so far.

Congrats.

[Ct3833]

On 3/17/2026 at 6:40 PM, Throttle2 said:

https://www.businesstimes.com.sg/property/ong-family-green-bus-co-fame-sells-dunearn-bungalow-s55-million
 

Too bad, not a cent for my mother nor my family…😌

.....Its sole shareholder is Zhong Liu, a Singapore citizen in his early 50s....

By looking at the name one can tell he is a new citizen,  maybe not so new, it is still a new-citizen. I know of a other builder,  also a new citizen , from xiamen, he has been going around to buy land and build landed. These people seem to have found a niche solution, buy land, use material like tiles, toiletries fixtures, steels snd even labor from China, build and sell for a profit.

[Throttle2]

On 3/17/2026 at 9:50 PM, Ct3833 said:

.....Its sole shareholder is Zhong Liu, a Singapore citizen in his early 50s....

By looking at the name one can tell he is a new citizen,  maybe not so new, it is still a new-citizen. I know of a other builder,  also a new citizen , from xiamen, he has been going around to buy land and build landed. These people seem to have found a niche solution, buy land, use material like tiles, toiletries fixtures, steels snd even labor from China, build and sell for a profit.

Well those are the new Singaporeans

Nothing we can do except mae our votes count when the time comes 😅😅

[Ct3833]

Money may not necessarily be bringing happiness, and may even ruin the harmony of a family. 

Widow of retired judge sues grandson in dispute related to late husband’s will

https://www.straitstimes.com/singapore/courts-crime/widow-of-retired-judge-sues-grandson-in-dispute-related-to-late-husbands-will

Edited March 18 by Ct3833

[Volvobrick]

On 3/18/2026 at 12:45 PM, Ct3833 said:

Money may not necessarily be bringing happiness, and may even ruin the harmony of a family. 

Widow of retired judge sues grandson in dispute related to late husband’s will

https://www.straitstimes.com/singapore/courts-crime/widow-of-retired-judge-sues-grandson-in-dispute-related-to-late-husbands-will

Hope his mother gives nothing for him in future. 

[mersaylee]

Round one cannot take...salute ah tan...😁

[mersaylee]

On 3/18/2026 at 1:36 PM, Volvobrick said:

Hope his mother gives nothing for him in future. 

Slap ok ornot? 😁

[Staff69]

Hi all,

I’m looking for some advice on estate planning.

My spouse and I are in our early 40s, and we want to ensure that, in the event something unexpected happens to us, our children and a selected charity will continue to receive stable, long-term financial support from the incomes generated. 

We’ve spoken to 1 bank, and they recommended setting up a will that channels our assets—cash, shares, and properties—into a trust. The trust would then provide our children and the charity with regular payouts, either monthly or annually. The management fee quoted is around xx% per year.

We’d really appreciate any thoughts or experiences you can share, especially on the advantages and disadvantages of setting up a trust structure.

Thank you

 

As always not online so reply might be sloooooooowwwwww

 

God bless

Edited March 19 by Staff69

[serenade]

On 3/19/2026 at 2:30 PM, Staff69 said:

Hi all,

I’m looking for some advice on estate planning.

My spouse and I are in our early 40s, and we want to ensure that, in the event something unexpected happens to us, our children and a selected charity will continue to receive stable, long-term financial support from the incomes generated. 

We’ve spoken to 1 bank, and they recommended setting up a will that channels our assets—cash, shares, and properties—into a trust. The trust would then provide our children and the charity with regular payouts, either monthly or annually. The management fee quoted is around xx% per year.

We’d really appreciate any thoughts or experiences you can share, especially on the advantages and disadvantages of setting up a trust structure.

Thank you

 

As always not online so reply might be sloooooooowwwwww

 

God bless

1. A Trust is not free. Are you prepared to pay their fees over  N years?

2.You will need a strong Will even setting up a Trust upon demise.

3.Depending on the amount that the Settlor (you) leave behind, do your due diligence as to who will be the Trustee. V large amount and long duration, look at Global Private Banks. Large amount, short duration look at large consumer banks. Short duration and smallish amounts, look at local trust companies.

4. Letter of Wishes must be detailed and take into consideration different scenarios. The beneficiaries (children and charity) under what conditions are allowed to draw down from the Trust. Is the Trust just to hold and administer, or you expect the Trust to generate income for the beneficiaries?

5. Look at your children's ages and character. Are they the responsible type that you feel comfortable to handover wealth at age 21. Or older?

6. Appoint a paid Limited Power of Attorney. Someone older that you trust and respect who is not a beneficiary, to keep an eye on the Trustees. And someone the Trustees will turn to for advice when the Trust Deed is silent or when there are black swan events.  

PM me for names of some Banks and companies that are able to act as Trustees. And a paid Will/Trust Planner for you to talk to. I have no vested interest in any of the names I give.  

 

 

 

[Lala81]

On 3/17/2026 at 9:21 PM, Adrianli said:

Just an update. Did received half of the inheritance so far.

gong xi gong xi. Can Have relative financial freedom! That's pretty priceless especially when u get older.