Lecture 1 - Law of Succession
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Transcript of Lecture 1 - Law of Succession
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TRUSTS, WILLS AND PROBATE
Lecture 1
Intro and Succession
Basic Structure of a Will
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TWP
Key features of te su!"ect
# Lecture on Tursdays, $ % & '( in LT $)
# La! % $ ours 'er *ee+
# P) - P). Tutor/ 0yntia Rodri1o
# P)2 - P)3 Tutor/ 4ata5an De5adas
# P)$ - P)& Tutor/ Won1 Kai Len1
# 4aterials on OLI6E
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Assessment
Pro"ect 2 % Draftin1 a Will # $)7
Pro"ect $ # Pro!ate # $)7
0lass Partici'ation # 2)7E8a( # 3)7
TOTAL 100%
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Wat 9ou Will Learn
: Succession
: Te La* on Wills
: ;o* to Draft a Will
: ;o* to e8tract Pro!ate
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References
: Sin1a'ore Precedents - =or(s/ Wills, Trusts -Ad(inistration >6ol? 0@
: Encyclo'aedia of =or(s and Precedents>Butter*orts@
: Rules of 0ourt, O 2
: Su're(e < Su!ordinate 0ourt Practice Directions
: Will Writin1C % Ricard 9eo
: Pro!ate - Ad(inistration in Sin1a'ore - 4alaysiaC %
Ra(an
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4ain Sources of La*
: Wills Act
: Intestate Succession Act
: Ineritance >=a(ily Pro5ision@ Act
: Pro!ate and Ad(inistration Act
: Estate Duty Act
: Trustees Act
:
0entral Pro5ident =und Act Not all a''lica!le to 4usli( Estates/ Ad(inistration of
4usli( La* Act
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La* of Succession
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Succession
: Transfer of 'ro'erty on deat: 6ia Will
: Intestacy
: 4ost adults 'ass a*ay *itout a5in1 (ade a *ill
:Ad5anta1es of lea5in1 a *ill
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Intestacy: Partial
: 4ade *ill, !ut failed to dis'ose of all 'ro'erty
: So(e dis'ositions fail
: Total
: Deceased ne5er (ade a *ill: 4ade *ill !ut it is in5alid % lac+ of ca'acity etc?
: Will re5o+ed
: Sole !eneficiary 're#deceased testator
: No dis'osition
: Deceased did not na(e an e8ecutor: E8ecutor na(ed 'redeceased testator
Tacplas Property Services Pte Ltd v Lee Peter Michael (Administratorfor the estate of Lee Chong Miow, deceased)F$)))G 2 SLR .
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Total Intestacy
: Estate 5ests in te Pu!lic Trustee
: Pro'erty is distri!uted accordin1 to te Intestate
Succession Act >ISAC@, s?
:A''lication of Act % Did deceased die domiciled inSingapore: If yesC, all 'ro'erty in Sin1a'ore *ill !e distri!uted accordin1 to
ISA
: If noC, only i((o5ea!le 'ro'erty in Sin1a'ore *ill !e? 4o5a!lesH %
s?&: Re Tan So Si( F232G 4LJ $2
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Intestate Succession Act, s?
Does Intestate leave
a surviving spouse?
Yes (rules 1 5).
Spouse may need to
share with descendants
or parents
o (rules ! ").
Descendants#
then parents#
more remote relatives
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Persons entitled: S'ouse % (ust !e s'ouse at te ti(e of deat? It does not
(atter tat di5orce 'roceedin1s instituted % Seaford vSeifert F2.G P 3
:0ild % (ust !e le1iti(ate cild and can include ado'tedcild % s?
: Un!orn cild is still a cild % s? .>a@
: Wat a!out ste'#cildrenH
: Parents % 'arents of te deceased
: Broters - sisters, aunts - uncles % *ole !lood ran+!efore alf !lood % !e "enton F2&G 2 SLR && , Chng#eng Tee $ Anor v %state $ Tr&st Agencies LtdF$))G
S;0 $&2 - s? .>!@
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Persons entitled
: Descendants % direct or lineal descendants or issue % 'n
re Th&rlowF2$G 2 0
:0an tis include ille1iti(ate cildH
: Ne8t of +in % includes uncles and aunts !ut *ole !lood
ran+s o5er re(oter % 'n re Locwood F23G 2 0 $2
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Ineritance >=a(ily Pro5ision@ Act >0a'?
2@: So(eti(es de'endants >s'ouse, or cildren not
ca'a!le of self#su''ort@ (ay a5e insufficient or no
'ro5ision under/
: te Will: Intestacy la*s
: Ineritance >=a(ily Pro5ision@ Act >0a'? 2@
:A''ly to court for reasona!le 'ro5ision fro( deceasedsnet estate
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Ineritance >=a(ily Pro5ision@ Act >0a'?
2@: Wo (ay a''lyH
: Wife or us!and
: Dau1ter *o as not (arried
:
Dau1ter *it disa!ility: Infant son
: Son *it disa!ility
: Poly1a(ous (arria1e reco1nised % Re Seota F2G All ER 3
: Son or dau1ter includes one concei5ed !ut not yet!orn
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0P= Act - Intestacy
: 4oney in 0P= account do not for( 'art of te estate and
'ass !y no(ination
:If no no(ination (ade, 'ro'erty distri!uted !y Pu!licTrustee accordin1 to Intestate Succession Act or
Ad(inistration of 4usli( La* Act
: s?$3 0P= Act: Chai Choon ong v CP" F$))3G $ SLR 3&
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Insurance 'olicies
: Beneficiary also !y no(ination
: Policy can !e 'aid out to no(inated 'erson
: Insurer sould 'ay to na(ed !eneficiary
: Estate is not entitled unless tere is no na(ed!eneficiary
: *aswani !oshini Anil&mar v *aswani Lalchand
ChallaramF$)).G $ SLR $3
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To Will or not to WillHC
: Dont tal+ a!out deat
: Beneficiaries floc+ to adeat!ed li+e !ees to aoneyco(!
: 0o('licated 'ersonalcircu(stances
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Were teres a WillHC
:A5oid intestacy 'ro5isions
: S'ecify 1ifts to !eneficiaries
:A''oint 1uardians of infant
cildren
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Pre#draftin1 considerations
: 0a'acity to (a+e *illH
:A1e % s? & Wills Act, su!"ect to s? $ WA
: Of sound (ind, (e(ory and understandin1H
: oin1 to 1et (arried soonH: s? 2 WA
: In de!tH Do de!ts e8ceed assetsHM
: 4ade any oter WillsH
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Testa(entary Intention
: Testator (ust understand te nature of is2)@ LR 3 B 3&
: 4ust understand
: Effect of *ises !ein1 carried out
: E8tent of 'ro'erty !ein1 dis'osed
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Ta+in1 instructions
: Kno* is
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Basic Structure of Will
# Will of Tan A Ko*
Identify te follo*in1 clauses/: Commencement1 testamentary intention,identification
: !evocation of previo&s 2ills:Appointments of %3ec&tor4Tr&stee4+&ardian: Dispositions of property: !esid&ary cla&se
: Powers and directions to %3ec&tor 4 Tr&stee: Testimoni&m and Attestation
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0o((ence(ent clause
: Identification of Testator
This is the last 2ill of .illy 5ng6
: Include all na(es?
: Declaration of Testa(entary Intention
7' declare this to e my last 2ill6
: Wat is te ty'e of intention reuiredH
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Re5ocation of 're5ious *ills
: Pur'ose of re5ocationH
: 0o('etin1 Wills
: SOP clause in Wills
: But tis is (y first WillMMC
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Re5ocation
: Rele5ance of Prior Will
: On *y can1e>s@ are desired
: In case so(e clauses are to !e retained
: In case of later Will not !ein1 e8austi5e: In case of later Will !ein1 in5alid
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Re5ocation
4etods of re5ocation % s? 23 Wills Act: s? 2 4arria1e
:Anoter Will < codicil so statin1
: Written declaration of intention to re5o+e #e8ecutedli+e a Will
: Pysical destruction
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Re5ocation of Wills !y 4arria1e
: 4arria1e % s? 2 # auto(atic re5ocation? Intention of'arties inconseuential
: S'ecific (arria1e # No re5ocation if Will (ade in
conte('lation of a s'ecific (arria1e *ic ta+es 'lace
e?1? na(ed fiance < fiancee
# 4ere declaration tis Will is (ade in conte('lation of
(arria1e not effecti5e to sa5e *ill?
# Beneficiary (ust !e na(ed Qto (y fianc C or Q??to(y future *ife 9C
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Re5ocation of Wills !y
Destruction: Destruction % s? 23>d@
# !urnin1, tearin1,destroyin1
# Intention to re5o+e
: Ele(ents reuired /
:Act of destruction
: Intention to re5o+e
e?1? =ailure to re5o+e #stri+in1 trou1 *ill*it 'en
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Ne8t LectureQ
: Wills
: 4ain 0lauses
: E8ecution
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