Hi,
1) When you are holding the property under TIC mode. You also have to nominate a beneficiary when your life event turns up.
2) Your husband will not need to make any payment unless he buys over the inherited shares from the beneficiary.
3) So for example if you appoint your mum as the beneficiary and your husband wished to buy over the shares from your mum. He will then have to pay for the value determined by the bank.
4) The funds received from the sale will be payout in cash to your mum directly when such an event happened.
5) Last note that the payout amount might not be the exact amount of what you had incurred from your CPF + accrued interest spent, it could be more or less depending on the time of valuation by the bank.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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