Singapore Wills FAQ

Singapore Wills FAQ

Find out more about making a Will in Singapore with this Singapore Wills FAQ Section by Loh Eben Ong LLP, Singapore Lawyers and Law Firm. For our Fee for Will drafting, please submit our Wills Online Quote. If you wish to engage Loh Eben Ong LLP to prepare your Will, please submit our Wills Online. Singapore Wills FAQ. Singapore Wills FAQ. Singapore Wills FAQ. Singapore Wills FAQ. Singapore Wills FAQ.

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CPF Funds (4)

If you have a valid CPF Nomination, the following items will be distributed to your Nominees in the proportion as stated in your Nomination upon your death:

  1. Savings in the Ordinary, Special, Medisave and Retirement Accounts;
  2. Dependants’ Protection Scheme (DPS) insured sum;
  3. Discounted Singapore Telecom shares;
  4. Fixed deposits under the CPF Investment Scheme – Special Account (CPFIS-SA), which will be converted to cash to form part of CPF savings; and
  5. Economic Restructuring Shares (ERS), which will be converted to cash to form part of CPF savings.

The following items are not covered by CPF Nomination but instead form part of your estate:

  1. Cash and investments held in the CPF Investment Account under the CPF Investment Scheme-Ordinary Account (CPFIS-OA);
  2. Investments held under CPF Investment Scheme-Special Account (CPFIS-SA), excluding fixed deposits;
  3. Properties bought with CPF savings;
  4. Shares bought under the DelGro Shares Scheme; and
  5. New Singapore Shares (NSS).

Caution Note: the above may not be accurate as at the date of your reading.

Categories: CPF Funds, Wills

Yes, you still need to nominate because the distribution of your CPF savings, DPS sum insured, shares in an approved corporation, fixed deposits under CPFIS-SA and ERS, is by way of nomination.

Categories: CPF Funds, Wills

Divorce does not revoke your previous nomination. This is because you may still wish to provide for your ex-spouses and children. You may therefore wish to re-nominate when divorce takes place.

Categories: CPF Funds, Wills

If you have made a nomination under the CPF Act, your nominee shall be entitled to the funds in certain CPF accounts regardless of what is stated in your Will. If you have not made a nomination, your funds will be distributed under the law in accordance with the Intestate Succession Act.

Even if you have a Will, you need to nominate so that your CPF savings, DPS insured sum, Discounted Singapore Telecom shares, fixed deposits under CPF Investment Scheme-Special Account (CPFIS-SA) and Economic Restructuring Shares (ERS) will be paid to your nominees.

If you get married after making a nomination, your nomination made before marriage is automatically cancelled, unless you say that it was made in contemplation of marriage.

Therefore, you should nominate when:

  1. You start working and contributing to the CPF
  2. You marry as marriage makes any previous nomination invalid
  3. You re-marry or if there is a change in your marital status.
Categories: CPF Funds, Wills
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Singapore Wills FAQ

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