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 advisers 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
- Intestate Succession Act
- Insurance Act
- Inheritance (Family Provision) Act
- Guardianship of Infants Act
- Administration of Muslim Law Act
- Civil Law Act
- Conveyancing & Law of Property Act
- Policies of Assurance Act
- Wills Act
- Probate and Administration Act
- Partnership Act
- Land Title Act
- Income Tax Act
- Apportionment Act
- Bankruptcy Act
- Central Provident Fund Act
- Companies Act
- Women’s Charter
- Estate Duty Act
- Estate Duty (Abolition) Act 2008
- Mental Capacity Act
- Advance Medical Directive Act
- Adoption of Children Act
- Trustee Act
- Trust Companies Act
Do engage with our advisers to understand more details about the above laws which affect your estate plan.