Creating a will for an HDB flat in Singapore can be a nuanced method that needs very careful consideration of HDB's distinct polices and property ownership varieties. It is actually essential to engage a wills lawyer to make sure the doc is legally valid, with expenses for drafting a simple will usually starting from $two hundred to $400. The main element is the type of possession: for flats held beneath a joint tenancy, the best of survivorship dictates that ownership quickly passes into the surviving co-proprietor, creating any Guidance in a very will null and void. In cases like this, the surviving owner would basically lodge a Discover of Demise With all the Singapore Land click here Authority to formalize the transfer. For flats under sole ownership or tenancy-in-prevalent, the will is lawfully binding, but beneficiaries need to continue to meet HDB's prevailing eligibility requirements to retain the flat. If a beneficiary would not qualify, They could must provide the property. This process, usually managed by legislation companies which include PKWA Regulation and IRB Regulation LLP, necessitates the executor to submit an application for a Grant of Probate to lawfully administer the estate, which can take a number of months.