How to Deal with a Property after Owner’s Death?
Working with a property and its distribution when there is a will is always easy since you have to do it in accordance with the details mentioned in the will. Everything from the property and finances will be distributed among the rightful people as per the will. However when you have to deal with a property without any will and a deceased property owner, it is often troubling as well as tricky for everyone. Some people will try to acquire it by claiming it as their own or others will say that the owner left it to them in a so called letter or verbal comment.
Handling all these issues should be done in the most equitable manner to make sure that you are doing justice to the rightful heir following the legal steps. The first step to do it is to hire a good lawyer who understands property claims. There are a couple of lawyers in Singapore; therefore, you will have to think a lot before hiring anyone of them. The lawyer should have experience in working with properties under this condition. If not, they will be unable to sort out everything in legal terms carefully.
Apart from this, the lawyer should also have full information about the probate and administration act in Singapore to work with the deceased property and its claims. Given below are the steps according to which you can hand over the property to the rightful owner after the death of the owner. The steps are:
- Find out the will: you must first try to find out about the will. Mostly people make their will before dying to avoid the problems there heirs might face after them. However, in case of immediate death or unnatural death there are chances that the will is not there. Henceforth, first try to find out about it.
- Choose the legal representative: if there is no will, you will have to choose the legal representative who will take care of the property until a rightful owner is decided. One can take help from the court of law to have an unbiased decision.
- Rightful owner: the representative will decide who the rightful owner is. In general the property will be handed over to the next of kin to the deceased or find someone who is related to him or her in case there is none.
Apart from these major steps, there are several other small steps like allocating the assets, finding out about the taxes and payments related to the asset. Since it is the responsibility of lawyers in Singapore and representative to work on all these, you must choose one carefully.
Visit Skanlaw.com.sg to hire a lawyer in Singapore.
Article Source:- http://glipho.com/skanlaw/how-to-deal-with-a-property-after-owners-death
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