Mastering the Residuary Clause in Singapore Wills

One of the crucial aspects to consider while drafting a will in Singapore, is the Residuary Clause in the Will. In addition to the same, this clause plays a significant role in handling any assets that have not been specifically addressed within the will.
Moreover, the residuary clause will in Singapore ensures that no property is left out of the distribution process, along with providing clarity and certainty for the testator and beneficiaries as well.
What is a Residuary Clause in the Will?
A residuary clause in the will deals with the distribution of any assets that were not specifically named or allocated. Several situations may lead to residual properties, such as: –
- Mistakes in the will where certain properties are unintentionally left out.
- Legal issues where the distribution of specific assets may not comply with the law or becomes invalid.
- Newly acquired properties after the will was drafted, which were not anticipated.
- This clause acts as a “catch-all” provision to ensure that these properties are properly distributed, even if the testator did not make specific provisions for them.
1. Why Is the Residuary Clause Important?
The residuary clause in the will is important because it clarifies things by mentioning assets that may have been left out. Without it, leftover property may also face legal issues.
Here’s how the residuary clause can help: –
- Prevents disputes: It ensures that every asset has a clear distribution plan, while preventing potential conflicts amongst the heirs.
- Catches Overlooked Assets: In case assets were not directly mentioned, the residuary clause makes sure that those assets get distributed as the testator had wished.
1. Lack of a Residuary Clause
If a residuary clause is absent from the will, the distribution of residual assets would come under the Intestate Succession Act: –
1. Movable properties like cars and jewelry will be handled according to the laws of the country where the deceased was domiciled.
2. Immovable properties such as houses will be subject to the Singapore Courts’ jurisdiction if located within Singapore.
Conclusion
At Singapore Probate Lawyer, we specialize in drafting and reviewing wills, along with dealing with residuary clause will in Singapore. Therefore, we ensure the completeness of your wills that are always perfectly and rightly documented by lawyers while keeping in view the need for your estate. So, contact us today to help keep your estate secured and guarantee it will get fulfilled according to your wills’ specifications with a lawyer at Singapore Probate.
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Singapore Probate Lawyer
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