I am planning to setup my WILL by way of trust. ie vested all my assets including mainly properties into the trust and managed by professional trustee.
Trust will prevent my assets go into the wrong hand (eg, divorce by the children, or in the event of bankrupt).
I read today Straits Times, it appears that if properties pass on to a trust upon death, is still subject to stamp duty and ABSD.
Properties pass on upon death is not subject to stamp duty.
I have written this issue to IRAS for clarification.
Do u have any comment on this subject?
I will share the reply from IRAS once receive.