[Poll] How much grand total u leave next-of-kin when u mati now?

[kyokoto]

But some go buy private with hefty 20 year mortgage

and still paying for that new suv....

You sell everything also can get back right, plus asset appreciation on the property.

 

[iPod Jack]

You sell everything also can get back right, plus asset appreciation on the property.

Yes, minus balance amt and the interest

e.g $2m condo with 80% loan @3% 20 years​

Lets say still got 15 years and condo appreciated to $2.1m

if sell, everything take back $400k++ nia? (Including interest charges)

 

[Senfai]

Include everything

how much in cash?

-all cpf
- fully paid property
- all cash
- all liquid assests, shares, bonds
- all sellable assests, cars, jewellery, luxury items
- insurance payout

minus

current liabilities debts

how much u leave for them when u pass away tmr?

Quick question… if we die, do we need to pay our debts?

I know IRAS will send tax bill and need claim from estate. But what about other debts?

 

[iPod Jack]

Quick question… if we die, do we need to pay our debts?

I know IRAS will send tax bill and need claim from estate. But what about other debts?

From wat i knew

hdb loan if got buy HPS no need to pay if owner mati

Other loans the creditors will look for ur gurantor

 

[mel1888]

Include everything

how much in cash?

-all cpf
- fully paid property
- all cash
- all liquid assests, shares, bonds
- all sellable assests, cars, jewellery, luxury items
- insurance payout

minus

current liabilities debts

how much u leave for them when u pass away tmr?

$43.20 thats in my wallet now.

 

[iPod Jack]

$43.20 thats in my wallet now.

Skarli bank got few m inside...

 

[nasilemak100]

I've no NOK left

give to garmen then

 

[ghregular]

i hv plans to spend all
what cant clear is cpf.
liquidate all assets
rent jb hse & car
service everything by way of dwindling fd principal n interest
will it work?

 

[shine0204]

If poll exclude property eg-count only liquidity-cash, shares, CPF etc, figures1-2miln less.Lots "asset-rich, cash-poor".

 

[PapaWith3Kids]

Depends on NVDA, AMD, MSFT

 

[1982-1994]

If I RIP, my wife doesn't have to pay for our housing loan if I understood correctly
CPF $260k, mum gets 40% of it

If due to accident, payout would be another >$300k to my wife

So grand total >$600k

 

[onegoal]

I give ATB, Vietbu 1st.

 

[EdenHazard]

Will give all to PAP!

 

[highsulphur]

Include everything

how much in cash?

-all cpf
- fully paid property
- all cash
- all liquid assests, shares, bonds
- all sellable assests, cars, jewellery, luxury items
- insurance payout

minus

current liabilities debts

how much u leave for them when u pass away tmr?

Basically say how much is your networth plus insurance payout

 

[highsulphur]

Quick question… if we die, do we need to pay our debts?

I know IRAS will send tax bill and need claim from estate. But what about other debts?

Your estate has to clear your debts before distributing the balance according to your will if you have one.

 

[Atilas]

Hope to leave near to zero as no more next generation.

 

[shine0204]

Quick question… if we die, do we need to pay our debts?

I know IRAS will send tax bill and need claim from estate. But what about other debts?

Good Question. Lots show-off overspend, nex declare bankrupt. If someone bankrupted, anyone know if family must pay off the debts?

What if family estranged & earlier distanced away from the "bankrupted gambler/addict"?

 

[mgx-alander]

Negative cos i have recently taken up hdb loan

 

[cheesybites1]

sinkie even die also need compare how much money to leave next-of-kin....

 

[Ye_Rongtian]

If you are expecting to have terminal illness, please don’t fully repay your hdb loan hokay. Your compulsory hdb insurance fully pay your hdb loan once you mati.