Estate Matters and Distribution of Assets — Part 4
Welcome back to the last installment of our four-part series!
In this section, we will share more about applying for the Resealing of a Foreign Grant, helping you understand what it is and how it works.
In Singapore, Foreign Grants issued by Commonwealth Countries and Hong Kong may be resealed by the Family Division of the High Court.
Essentially, this means that the Foreign Grant is recognised and given legal recognition by the Singapore Courts.
Upon resealing, the powers provided for in the Foreign Grant may be carried out in Singapore, with no alteration to its terms, as if it were a grant issued in Singapore.
Documents Required for the Application
When applying for a resealing of foreign grant, it is important to note that only Foreign Grants of Probate / Letters of Administration issued by Commonwealth Countries and/or Hong Kong are eligible for the resealing process.
For other countries, a fresh Grant of Probate or Letters of Administration application is required.
The Executors / administrators must file several documents through the Singapore Court’s eLitigation system:
- Originating Summons
- Statement
- Court Certified True Copy of Will or Original Will
- Original Death Certificate or Electronically verifiable Death Certificate
- Schedule of Assets
- Supporting Affidavit
- Administration Oath
- Administration Bond (if directed)
- Summons for Dispensation of Sureties (if sureties are required but not found)
- Consent of Dispensation of Sureties (if sureties are required but not found)
- Affidavit of Foreign Law (if directed)
Timeframe for Obtaining the Resealed Foreign Grant
The process typically takes at least 3 months from the time of application. However, this timeline can vary depending on the complexity of the case and the completeness of submitted documents.
On approval, the Singapore Courts will issue a Memorandum of Resealing and Notice of Resealing of Grant.
Why the Resealing Process is Important
The Resealing process ensures that the executor / administrator can legally manage the estate as approved in accordance with the Foreign Grant. Without it, financial institutions and other asset holders will not release the deceased’s assets. Additionally, the Resealed Grant of Foreign Probate serves to protect the executor and/or administrator from future legal challenges concerning the administration of the estate.
Distribution of Assets
Distribution of assets depends on whether the original foreign grant was a grant of probate or a letters of administration process:
- If the process was a grant of probate process, assets are distributed in accordance with the Will
- If the process was a letters of administration process, assets are distributed in accordance with the laws of the country of domicile. An affidavit of foreign law may be required to determine the distribution requirements.
Common Challenges in the Resealing of Foreign Grant Process
Executors / Administrators may face challenges, such as when there are:
- Missing documents which are foreign documents.
- Translation of foreign language documents to English.
- Production of an original or certified document requested by the Probate Registry
- Disputes among beneficiaries about the distribution of assets.
- The need for an administration bond or sureties when required by the court, which can delay the process if not promptly addressed.
- Providing an Affidavit of Foreign Law.
Obtaining a Resealed Foreign Grant of Probate is a crucial step in managing a deceased person’s assets. Though it may seem daunting, having the right information and documentation can streamline the process.
Our experienced legal professionals regularly handle resealing applications and are here to guide you through every step and concern. Reach out to us if you are involved in the process or need more information on how to navigate it.
This article was written by
Timothy Wu
Director, LP Law Corporation
Questions? We’re here to help
Estate Matters and Distribution of Assets — Part 3
Welcome back to the third installment of our four-part series!
In this section, we will share more about applying for Letters of Administration, helping you understand what it is and how it works.
In Singapore, when someone passes on and does not have a will, the next-of-kin may apply for a Letters of Administration from the Singapore courts in accordance with Section 18 of the Probate and Administration Act. This legal document gives the administrator the authority to manage the deceased’s estate, pay off any debts, and distribute the assets as outlined under the Intestate Succession Act 1967.
Which Court Handles the Application?
The application process depends on the value of the deceased’s estate:
- Estates valued up to SGD 5 million are heard by the Family Courts.
- Estates valued over SGD 5 million are heard by the Family Division of the High Court.
Documents Required for the Application
Prior to applying for a Letters of Administration, renunciations must be obtained from all beneficiaries with prior rights. The Intestate Succession Act 1967 specifies seven classes of people who are eligible to apply for this grant, in declining order of priority:
- Spouse;
- Children;
- Parents;
- Siblings;
- Nephews and nieces;
- Grandparents; and
- Aunts and uncles
For example, if a Parent is to apply for a Letters of Administration, renunciations must be obtained from the surviving spouse and children.
Once the renunciation(s) are obtained the applicant / administrator must file several documents through the Singapore Court’s eLitigation system:
- Originating Summons
- Statement
- Renunciations of Beneficiaries with Prior Rights (if necessary)
- Death Certificate
- Schedule of Assets
- Supporting Affidavit
- Administration Oath
- Administration Bond (if directed)
- Summons for Dispensation of Sureties (if sureties are required but not found)
- Consent of Dispensation of Sureties (if sureties are required but not found)
Timeframe for Obtaining the Letters of Administration
The process typically takes about 3 months from the time of application. However, this timeline can vary depending on the complexity of the case and the completeness of submitted documents.
Why the Letters of Administration is Important
The Letters of Administration ensures that the administrator can legally manage the estate according to the will. Without it, financial institutions and other asset holders will not release the deceased’s assets, and the estate cannot be distributed as directed under the Intestate Succession Act 1967. Additionally, a Letters of Administration protects the administrator from future legal challenges concerning the administration of the estate.
Distribution of Assets
Once the Letters of Administration is issued, assets are distributed in accordance with the Section 7 of the Intestate Succession Act 1967
*Above scenarios are non-exhaustive, please contact LP Law for more information.
Common Challenges in the Letters of Administration Process
Administrators may face challenges, such as when there are:
- Missing documents or where there is difficulty in obtaining renunciations.
- Disputes among beneficiaries about the distribution of assets.
- The need for an administration bond or sureties when required by the court, which can delay the process if not promptly addressed.
Obtaining a Letters of Administration is a crucial step in managing a deceased person’s assets. Though it may seem daunting, having the right information and documentation can streamline the process.
Our experienced legal professionals are here to guide you through every step and concern. Reach out to us if you are involved in a probate process or need more information on how to navigate it.
This article was written by
Timothy Wu
Director, LP Law Corporation
Questions? We’re here to help
Estate Matters and Distribution of Assets — Part 2
Welcome back to the second installment of our four-part series!
In this section, we will share more about Grant of Probate, helping you understand what it is and how it works.
In Singapore, when someone passes on and leaves behind a will and significant assets, the appointed executor must apply for a Grant of Probate from the Singapore courts. This legal document gives the executor the authority to manage the deceased’s estate, pay off any debts, and distribute the assets as outlined in the Will.
Which Court Handles the Application?
The application process depends on the value of the deceased’s estate:
- Estates valued up to SGD 5 million are heard by the Family Courts.
- Estates valued over SGD 5 million are heard by the Family Division of the High Court.
Documents Required for the Application
To apply for a Grant of Probate, the executor must file several documents through the Singapore Court’s eLitigation system:
- Originating Summons
- Statement
- Original Will (for Probate Registry’s inspection)
- Death Certificate
- Schedule of Assets
- Supporting Affidavit
- Administration Oath
- Administration Bond (where directed by Court)
- Summons for Dispensation of Sureties (if sureties are required but not found)
- Consent of Dispensation of Sureties (if sureties are required but not found)
Timeframe for Obtaining the Grant of Probate
The process typically takes about 3 months from the time of application or more. This timeline can vary depending on the complexity of the case and the completeness of submitted documents.
Why the Grant of Probate is Important
The Grant of Probate ensures that the executor can legally manage the estate according to the will. Without it, financial institutions and other asset holders will not release the deceased’s assets to the executor, and the estate cannot be distributed as intended. Additionally, a Grant of Probate protects the executor from future legal challenges concerning the administration of the estate.
Common Challenges in the Grant of Probate Process
Executors may face challenges, such as when there are:
- Missing documents or an invalid will.
- Disputes among beneficiaries about the validity of the will or the distribution of assets.
- The need for an administration bond or sureties when required by the court, which can delay the process if not promptly addressed.
Obtaining a Grant of Probate is a crucial step in managing a deceased person’s assets. While the process may seem daunting, having the right information and documentation can streamline the process.
Our experienced legal professionals are here to guide you through every step and concern. Reach out to us if you require more information with the probate process and need our professional legal assistance on how to navigate the application.
This article was written by
Timothy Wu
Director, LP Law Corporation
Questions? We’re here to help
Estate Matters and Distribution of Assets — Part 1
This is the first part of our four-part series, where we will introduce you to Grants of Representation, including Grant of Probate, Letters of Administration, and the Resealing of a Foreign Grant.
GRANTS OF REPRESENTATION
A Will informs your beneficiaries your wishes for the distribution of your assets.
However, in most cases, your executors or administrators will still need a Grant of Representation to distribute the assets.
In Singapore, the different types of Grants of Representation are:
1. Grant of Probate – where there is a Will
2. Letters of Administration – where there is no Will
3. Resealing of a Foreign Grant – where a Grant has been issued by a Commonwealth country (example, Malaysia)
Estate Bank Account
Upon obtaining a Grant of Representation, the executors or administrators will be required to open an estate banking account for the funds to be transferred into.
This also helps to ensure that the funds are properly accounted for and distributed.
These processes will be further discussed in our subsequent posts.
OTHER ASSET DISTRIBUTIONS
Approaching the Public Trustee
Other than the above Grants of Representation, the Public Trustee also has the discretion to administer the estates of deceased persons, where the value of the estate does not exceed $50,000.
Typically, beneficiaries may want to approach the Public Trustee where the assets are not major, and the distribution is not complicated.
Central Provident Fund (CPF)
Not all assets may be dealt with via a Will and/or Grant of Representation.
The Public Trustee is the exclusive administrator of the CPF belonging to deceased persons.
Distribution of CPF will go according to either, (1) nomination, if there is a nomination, or (2) the Intestate Succession Act (Cap. 146).
Even if there are provisions in a Will that deals with CPF, such provisions will not take effect.
The Public Trustee also holds on trust CPF for minor beneficiaries who are below 18 years of age for nominated beneficiaries, and 21 years of age for unnominated beneficiaries.
Insurance
Insurance proceeds are generally dealt with via a revocable or non-revocable nomination with the insurance company. This is typically the fastest and easiest method to obtain insurance payouts.
Distribution clauses in a valid Will pertaining to insurance proceeds will take effect in the event a nomination was not made.
Stay tuned for the next few parts of this series, where we dive deeper into each topic on the Grant of Probate, Letters of Administration and Resealing of a foreign grant. Don’t miss out on the valuable insights and practical tips coming your way.
Be sure to check back soon!
This article was written by
Timothy Wu
Director, LP Law Corporation
Questions? We’re here to help
Deed Polls – Changing your name in Singapore
A deed poll is a legal document that states your current name and the new name that you would like to be referred as.
1. Procedure
A lawyer will draft the change of name deed poll. You will need to arrange for a meeting at the law firm for signing of the deed poll.
You will need to bring your identification documents along to the law firm.
You will sign the change of name deed poll before witnessing lawyer who will then paste red sticker seals against your signature to signify that it is signed as a deed.
2. Choosing a new name
There are no requirements when choosing a new name, however, the ICA may reject certain names which are considered offensive or vulgar.
3. Parental Consent
Parental consent for change of name is necessary for minors below 21 years old and parents will need to attend at the law firm together with the minor for signing of the deed poll.
4. After Signing the Deed Poll
You should inform your change of name to important organizations such as:
- the ICA to replace your NRIC and Passport
- your banks and insurance companies
Disclaimer:
This is intended for informational purposes only and does not constitute legal advice. For personalised legal assistance, please consult our qualified professionals.
This article is written by
Timothy Wu
Director, LP Law Corporation
Questions? We’re here to help
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