Have you ever watched Korean drama “Shining inheritance”? In the show, Go Eun-sung’s father died from a gas explosion. However, her stepmother took the life insurance money and moved out
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Does a will override all insurance nominations?
If you have made will, you know the importance of making your asset distribution clear so no confusion for your family members. But have you made an insurance
Revised Guide to the Nomination of Insurance Nominees
In conjunction with the implementation of the new legal provisions in the Insurance Act on beneficiary nominations, the Life Insurance Association Singapore (LIA) issued a consumer guide, Your
What happens to your investments under the CPF Investment Scheme (CPFIS) if you pass away?
Investment proceeds under CPF Investment Scheme (CPFIS) are not covered under the CPF nomination.  If you pass away, your investments under the CPFIS and any cash held in his
Who can claim your CPF savings when you die without legal heirs and nominees?
In my recent article How will your CPF savings be distributed if you are no longer around, I explained that if you pass away without proper Nomination, your
How will your CPF savings be distributed if you are no longer around?
If you pass away without CPF Nomination, your CPF savings (Ordinary, Special, Medisave, and Retirement Accounts) will be transferred to the Public Trustee for distribution to your family
Where would CPF money go if it is nominated to a bankrupt?
When Madam Lim Lye Kiang sought to claim the $102,000 from CPF which her late sister had left her, she would never have expected that the CPF Board
Revision to Nomination of Insurance Nominees Regulation
With the onset of the Mental Capacity Act (“MCA”) coming into effect on 1st March 2010, the Insurance (Nomination of Beneficiaries) Regulations 2009 (“the Regulations”) will be amended
What are the key changes under new Insurance Nomination Framework
Do you have life insurance? Probably yes. But what if the person who will receive your insurance payouts is not the one you intend to? Have you made your