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 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

1. Intestate Succession Act
2. Insurance Act
3. Inheritance (Family Provision) Act
4. Guardianship of Infants Act
5. Administration of Muslim Law Act
   • Fatwa (On Insurance Nomination)
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 advisers to understand more details about the above laws which affect your estate plan.