Wills Act (Chapter 352): Primary legislation governing testamentary dispositions. While TOD designation is distinct from a will, this Act is relevant for understanding formal requirements for asset transfer upon death and execution requirements.
Intestate Succession Act (Chapter 146): Governs the distribution of assets when someone dies without a will. Important to ensure TOD designation doesn't conflict with statutory succession rules and protects beneficiary rights.
Administration of Muslim Law Act: Special legislation applicable to Muslims in Singapore, incorporating Faraid (Islamic inheritance law). Must be considered if the person making the designation is Muslim.
Mental Capacity Act (Chapter 177A): Establishes framework for determining mental capacity and validity of legal documents. Critical for ensuring the person making the TOD designation has requisite mental capacity.
Probate and Administration Act (Chapter 251): Governs the administration of deceased estates and probate process. Important for understanding how TOD designations interact with broader estate administration.
Banking Act (Chapter 19): Regulates banking institutions and financial transactions. Relevant for TOD designations involving bank accounts and financial assets.
Securities and Futures Act (Chapter 289): Governs securities, trading, and investments. Must be considered when TOD designation involves investment products or securities.
Registration of Deeds Act (Chapter 269): Regulates the registration of instruments affecting title to property. Particularly relevant if the TOD designation involves real property transfers.
