Different Types Of Residuary Clause Will In Singapore
                     Different Types Of Residuary 
Clause Will In Singapore
SINGAPORE PROBATE LAWYER
For senior couples meeting with a legal advisor, residuary clauses are a significant and 
essential element of a will. Jennifer Russell of Wright Hassall defines the features of an 
effective residuary clause.
A residuary clause will depict who will inherit the rest of the deceased's assets once any 
debts, funeral expenses, transfer tax, legacies paid, and any items specifically bequeathed 
are distributed to the rightful beneficiaries. This clause explains the 
Residuary Clause Will in Singapore.
A residuary clause will set out who will inherit the rest of the deceased's assets. Any debts, 
funeral expenses, transfer taxes, legacy payments, or items bequeathed explicitly to 
eligible beneficiaries. If the desire has appointed no executors or can act, the residuary 
beneficiaries can prove their desire. During this case, instead of a 'grant of probate,' they 
might be entitled to a 'grant of letters of administration stating the desired annex.
An effective residuary clause avoids assets passing under intestinal rules, potentially to 
family members who aren't of the deceased's choosing. On the other hand, if there are no 
family members, they would pass the assets to the Crown, and the whole process goes 
according to the Residuary Clause in the Will.
There are two types of Residuary Clauses in Will Writing in Singapore which are:
a) Family inheritance clauses
Inheritance clauses are written very thoroughly, and they can name one or more 
individuals who will receive the property outright, by an equal number of shares or not. 
Other provisions may include a beneficiary reaching a specific age of 21 or 25 before 
inheriting.
For example, defaults can also be added, specifying that their children can inherit the 
property in their place if a beneficiary dies. Usually, a residency clause leaves the 
remainder to the spouse or partner's survivors at the first death or the property passed on 
to the children at the second death. Maybe with the alternative provisions in favor of the 
grandchild, in this case, the children will appreciate the testator.
b) Discretionary trusts
Suppose there is residue under the terms of a discretionary trust. In that case, the trustee 
has the flexibility to decide which beneficiaries of a particular group selected by the 
testator should benefit from the assets. A discretionary trust allows the trustee to accept 
the beneficiary. Changing the situation when making a distribution can differ from the 
position that existed when made. For example, if the trustee feels appropriate, a more 
extensive distribution can be made to the beneficiaries with more needs. In certain 
circumstances, the trust is a beneficiary divorce or bankruptcy event. Hence, choose our 
law firm for Residuary Clause Will in Singapore.
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