Once someone passes on, all of the assets they own (everything of monetary value) forms their estate. CPF monies are specifically excluded from the estate of the deceased. Their estate will first be used to settle any liabilities that they still owe. If their estate is insufficient to repay their personal debts, the debt is considered to be settled.
Read Also: What Happens To A Person’s Debt When They Pass Away In Singapore
In the absence of a will, the deceased assets that remain will then be split according to the Intestate Succession Act, which spells out what happens in various scenarios.
Read More: What Happens To People’s Assets When They Pass On?
For your CPF monies, if you made a CPF Nomination, then your monies will be distributed according to the instructions in your nomination. Otherwise, distribution of your CPF monies will be according to the Intestate Succession Act.
Read Also: CPF Nomination: What You Need To Know About It
What happens to one’s HDB flat is handled differently, depending on whether the flat was bought under a Joint Tenancy or Tenancy-In-Common arrangement.
Read Also: What Happens To Your HDB Flat After You Pass On Without Leaving A Will?