If you are getting a house, usually HDB is co own half - half to you and spouse (By default). Actually, you can choose Tenancy in Common if either party is interested in getting a higher share for security reason... etc.
For example, i jus got a resale flat. However, i suggested to hubby to let me have 65% share and him 35% of the flat. Reason being that if in any event of divorce or seperation, i have a bigger share to give to my children. I can also jus buy over his share easily if our marriage didnt work out.
In any unforeseen circumstances, if my hubby departs earlier in this world, his 35% will also be divided by half (17.5%) to me, and the other half equally to all his children. Meaning, balance 17.5% divided by 3 = 5.8% for each children.
However if in the event that i passed away earlier, as i have written a will, all my shares and insurance will go to 2 of our children which i bore with my husband.
This info, i shared is based on my lawyer who help to draft my will. Hope its useful.
For example, i jus got a resale flat. However, i suggested to hubby to let me have 65% share and him 35% of the flat. Reason being that if in any event of divorce or seperation, i have a bigger share to give to my children. I can also jus buy over his share easily if our marriage didnt work out.
In any unforeseen circumstances, if my hubby departs earlier in this world, his 35% will also be divided by half (17.5%) to me, and the other half equally to all his children. Meaning, balance 17.5% divided by 3 = 5.8% for each children.
However if in the event that i passed away earlier, as i have written a will, all my shares and insurance will go to 2 of our children which i bore with my husband.
This info, i shared is based on my lawyer who help to draft my will. Hope its useful.