Question About Inheritance

BBCWatcher

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Put all your money in CPF, you can decide the amount to give her on a monthly basis thru CPF.
Not upon the death of the CPF member — the whole point of this thread. There's no life annuity payout option to a surviving spouse/partner. I think there should be.
 

singaporean11

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May be a naive question (just curiosity), for Singapore PR if they have retired and still living in Singapore, their PR can always be renewed in Singapore?
Because my understanding is that PR is linked to job in Singapore so what happen if they no longer working / jobless / retired?
 

reddevil0728

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May be a naive question (just curiosity), for Singapore PR if they have retired and still living in Singapore, their PR can always be renewed in Singapore?
Because my understanding is that PR is linked to job in Singapore so what happen if they no longer working / jobless / retired?
Hmm linked to job meh? Got ppl ppl but no job one.

Is more about re-entry permit need to renew.
 

hwmook

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May be a naive question (just curiosity), for Singapore PR if they have retired and still living in Singapore, their PR can always be renewed in Singapore?
Because my understanding is that PR is linked to job in Singapore so what happen if they no longer working / jobless / retired?

Re entry permit forever renew as long as you stay in Singapore on a permanent basis. If you stay overseas for extended period then you got to justify why. If re-entry permit not renewed then you got to stay in Singapore to maintain your PR status. Re entry permit and PR status are 2 separate items. PR status is forever as long as you stay in Singapore, re entry permit is for you to maintain PR status even when overseas. If you don't have a valid re entry permit then you cannot leave Singapore or stay out of Singapore else PR will be revoked.
 
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BBCWatcher

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PR status is forever as long as you stay in Singapore....
The government retains for itself discretionary powers to revoke Singapore Permanent Residence — notably via the Immigration Act's Section 8(3)(k). And (more importantly for this thread) the government does not prohibit individuals from voluntarily ending their Singapore Permanent Residence.

To reiterate, if you want an assured financial outcome for a surviving spouse, it cannot be contingent on maintenance of Singapore Permanent Residence — an immigration status the original poster's spouse does not even possess at the present time and may never possess.
 

ahnyaahnya

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My friend's spouse was extremely frugal but once my friend passed away, the spouse somehow got remarried within the year, much to everyone's surprise as the spouse was much devoted to late friend. The inheritance then became part of the newly married's life.
It didn't have to become martial assets.
She could have kept those assets separate, and not co- mingled with assets acquired after the 2nd marriage
 

singaporean11

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It didn't have to become martial assets.
She could have kept those assets separate, and not co- mingled with assets acquired after the 2nd marriage
My understanding is that assets already existed/secured before marriage is considered individual assets, including Inheritance obtained before marriage is considered marital assets as long as kept under individual name.

However, What about if Inheritance is inherited during marriage, is it considered marital assets (even if kept under individual name)?
 

reddevil0728

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ahnyaahnya

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My understanding is that assets already existed/secured before marriage is considered individual assets, including Inheritance obtained before marriage is considered marital assets as long as kept under individual name.

However, What about if Inheritance is inherited during marriage, is it considered marital assets (even if kept under individual name)?
According to what I found online, Singapore lawyer's site, it makes no difference whether the inheritance is before or during marriage .
But must be careful not to do certain things or allow certain things to be done:
Like : don't, like this guy, ever say that it is shared properly.
Don't live in the property with spouse .( becomes marital home)
Rental and expenditure on property... money goes to/ from individual account ( I think cannot deposit your salary into that account?)
Don't use spouse's ( and I think own earnings after marriage ) money to do reno or improvements or anything for the property .
And dunno what else.
Same applies regardless of when was the Inheritance
 

8zaoyu

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He not only described it as ours . He even co-mingled the assets.
So it's marital assets
True, should not co-mingle if want extra-marital affairs or cannot predict marital breakdown which both parties may be equally at fault.
 
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