Mzrmazda3 6th Gear October 2, 2007 Share October 2, 2007 The down side of this is that if you're filthy rich and wife remarries after your death, half your hard earned property goes to her new found husband just like that Bo Dai Bo Chi that new found Ah Lau Tan Tio Siah ↡ Advertisement Link to post Share on other sites More sharing options...
Chickenfarm Turbocharged October 2, 2007 Share October 2, 2007 You're right bro Everything is subject to challenge and will is no exceptions too (challenger can say the deceased was influenced by the beneficiary, was of feeble mind, was insane, etc). Nomination is auto revoked upon marriage. Under the current CPF Act, a CPF nomination (have to be witnessed by 2 persons also on the standard form) will override a will if no irregularities are found. Other than CPF funds, insurance policies oso cannot be overriden by a will (section 73 of the Conveyance and the Law of Property Act (Cap 61). Therefore, once a nomination is made under the policy, you cannot override it by a will at a later date. The insurance company's liability is discharged so long as they pay up to the "proper Claimant" under your nomination (section 63 Insurance Act). Link to post Share on other sites More sharing options...
Chickenfarm Turbocharged October 2, 2007 Share October 2, 2007 (edited) Yep...and the best part is...if the childrens are sui jure (latin for under the legal age of 21 yrs old) their half will be governed by their mother till they attain their full legal age. And the mother being the administratrix of their half share will have the sole power to invest the money to grow it(for the benefit of the young beneficiaries). So effectively the mother gets 100% and has full control of your assets till they are 21 yrs old so the new found Ah Lau will get to share the fruits of your labour So the morale of the story is...go make a Will Dun rely on the law of intestacy cos it means a man dies w/o his testicles New Ah Lau gets to use your wife, your $$$, your car and your kids No No No No No!!!... Edited October 2, 2007 by Chickenfarm Link to post Share on other sites More sharing options...
Mzrmazda3 6th Gear October 2, 2007 Share October 2, 2007 New Ah Lau gets to use your wife, your $$$, your car and your kids That suxks man Mati liao also cannot go in peace man Link to post Share on other sites More sharing options...
Silhoutte Clutched October 2, 2007 Share October 2, 2007 No la vote myself haha... I voted the person who does not want us to pay n pay. Link to post Share on other sites More sharing options...
Minicop Neutral Newbie October 2, 2007 Share October 2, 2007 Quote so which citizenship can which cannot? I think the list of cannot will keep on going. As long as someone go to the can list and take the money out, that country will be moved to cannot list. Hahaha ↡ Advertisement Link to post Share on other sites More sharing options...
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