Statutory Laws

Statutory Laws

 

Estate Planning Laws

Singapore’s legal system follows the common law system. The sources of law affecting estate planning are statutes (acts of parliament), case laws (judicial precedent) and subsidiary legislation.
The Syariah law administers the marriage, divorce and estate distribution of the Muslims in Singapore.

The main difference between a general financial planner and an estate planning financial advisor is the understanding of the laws affecting estate planning. As the law and its interpretation can change according to acts of parliament or judge’s decisions, it is important for advisors to closely follow any updates about the laws.

Summit Planners’ one-stop service system with its legal service, life insurance, wealth management & trust, accounting, audit, corporate secretarial and tax related services help you to achieve your estate planning goals.

Below are the pertinent laws affecting estate planning in Singapore.

These laws can be viewed at the Singapore Attorney-General’s Chambers’ web-site:
statutes.agc.gov.sg | statutes.agc.gov.sg/aol/page.w3p;paId=AOL_PUBLIC_FEEDBACK

  1. Intestate Succession Act
  2. Insurance Act
  3. Inheritance (Family Provision) Act
  4. Guardianship of Infants Act
  5. Administration of Muslim Law Act
  6. Civil Law Act
  7. Conveyancing & Law of Property Act
  8. Policies of Assurance Act
  9. Wills Act
  10. Probate and Administration Act
  11. Partnership Act
  12. Land Title Act
  13. Income Tax Act
  14. Apportionment Act
  15. Bankruptcy Act
  16. Central Provident Fund Act
  17. Companies Act
  18. Women’s Charter
  19. Estate Duty Act
  20. Estate Duty (Abolition) Act 2008
  21. Mental Capacity Act
  22. Advance Medical Directive Act
  23. Adoption of Children Act
  24. Trustee Act
  25. Trust Companies Act

Do engage with our advisors to understand more details about the above laws which affect your estate plan.

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