Topic: Nominations
4 posts tagged “Nominations”.
Why Your CPF Does Not Pass Under Your Will
One of the most common estate-planning mistakes is assuming a will covers your CPF. It does not. Your CPF savings pass only by a separate, free CPF nomination — here is how to make one.
No CPF Nomination: The Public Trustee Route
Skip the free CPF nomination and your savings take the long way home — through the Public Trustee, distributed by a fixed legal formula, with a fee and a wait of up to six months.
Insurance Nominations: Revocable Versus Trust
A life-insurance nomination routes the payout directly to your beneficiaries. But there are two kinds — revocable and trust (irrevocable) — and the difference in control and protection is large.
Nominations Override Your Will
A will and a nomination can point to different people — and when they do, the nomination usually wins. This single rule causes some of the most painful and avoidable family disputes.