The Transfer On Death Designation Affidavit is a crucial estate planning tool in Singapore that provides a straightforward method for transferring specific assets to designated beneficiaries upon death. This document is particularly useful for individuals seeking to ensure smooth transfer of assets while avoiding the time and expense of probate proceedings. It must comply with Singapore's legal framework, including the Wills Act, Intestate Succession Act, and where applicable, the Administration of Muslim Law Act. The affidavit requires clear identification of assets, designated beneficiaries, and must be properly executed with notarization to be legally valid.
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1. Declaration Statement: Opening statement declaring this is a TOD designation affidavit under Singapore law
2. Affiant Information: Personal details of person making the affidavit including full name, NRIC/passport number, address, and contact information
3. Asset Description: Detailed description of assets subject to TOD designation, including account numbers, property details, or security identifications
4. Beneficiary Designation: Information about designated beneficiaries, their identification details, and their respective shares or entitlements
5. Mental Capacity Declaration: Statement affirming the affiant is of sound mind, making the designation voluntarily and understands its consequences
6. Execution: Signature block with notarization requirements and witness attestation sections
1. Contingent Beneficiaries: Alternative beneficiaries designation in case primary beneficiaries predecease the affiant
2. Religious Law Compliance: Statement confirming compliance with religious inheritance laws, particularly relevant for Muslim affiants under Faraid law
3. Revocation of Prior Designations: Statement explicitly revoking any previous TOD designations made for the same assets
1. Schedule A - Asset Details: Comprehensive listing of all assets subject to TOD designation including account numbers, property details, and current valuations
2. Schedule B - Beneficiary Information: Detailed information about beneficiaries including full contact details, identification numbers, and relationship to affiant
3. Appendix 1 - Supporting Documents: Copies of asset ownership documents, identification documents, and other relevant supporting materials
4. Appendix 2 - Prior Designations: Copies of any prior TOD designations being revoked by this affidavit
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