What Assets Can Be Administered Using the Grant of Probate / Letters of Administration?

Singapore dollar notes - C

You cannot administer CPF monies with the Grant of Probate / Letters of Administration.

All other assets of the deceased can be administered using the Grant of Probate / Letters of Administration and have to be included in the Schedule of Assets.

Examples of assets which need to be included in the Schedule of Assets are HDB flats, condominiums, cars, stocks, insurance policies and the monies in bank accounts.

If the asset is not included in the Schedule of Assets, the Executor (in the case of a Grant of Probate) and the Administrator (in the case of Letters of Administration) will not be able to administer the non-included asset. Financial institutions will not hand over the assets of the deceased if the said asset is not included in the Schedule of Assets.

Categories: CPF Monies Estate Assets Grant of Probate Letters of Administration Schedule Of Assets