Lecture 1 - Law of Succession

7/25/2019 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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Lecture 1 - Law of Succession

Documents

Transcript of Lecture 1 - Law of Succession