Do you know that there are two ways to die in Singapore? One is to die testate –with a will and another is to die intestate – without a will. When you die without a will, your assets will be distributed via the Intestate Succession Act, which depends greatly on whether you are single or married and whether you have any children. One great misconception is that when a person dies without a will, the spouse will automatically inherit everything. This is not necessarily true. Watch this video as Christopher Tan, CEO of Providend, shares the distribution rules of intestate estates and the importance of having a proper will done.
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