Woman shocked to discover late husband's $100k savings were not willed to her

Woman shocked to discover late husband's $100k savings were not willed to her
PHOTO: Lianhe Wanbao

SINGAPORE - A 40-year-old woman had the shock of her life when she found out that her late husband's Central Provident Fund (CPF) savings of $100,000 were not willed to her or her family members after he died.

According to Lianhe Wanbao, the woman, whose identity is unknown, decided to approach a will consultant, Mr Chen, for help.

The 44-year-old consultant told Lianhe Wanbao that the woman had initially thought that her late husband had named their children or parents beneficiaries of his savings. However, after a lawyer's letter did not arrive, she realised that none of them were named beneficiaries of his savings.

Mr Chen added that personal details of a CPF account are confidential and details of the will are not released to third parties, even those related to the deceased.

Lianhe Wanbao also reported that Mr Chen strongly enforced that beneficiaries can only claim the amount of money willed to them but personal details of other beneficiaries and the amount of money they get will always remain confidential.

If the consulting company cannot contact the beneficiaries, the money willed to them will remain in the deceased's account until they personally come to claim it.

stephluo@sph.com.sg

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