tag:blogger.com,1999:blog-1602023866179666640.post4576310025393217774..comments2024-03-29T16:13:18.422+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Will Anyone Know Who My CPF Nominee(s) are?Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1602023866179666640.post-40781388708571005962019-03-27T11:07:40.852+08:002019-03-27T11:07:40.852+08:00No CPF nominations means $$$$ will be transferred ...No CPF nominations means $$$$ will be transferred to public trustee's office. Family or relatives need to pay some fee to PTO for the $$$$ to be distributed according to intestate act.<br /><br />Usually cases where persons are loners, don't have any close family/relatives, are those end up with CPF monies unclaimed in PTO.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-2828221353416521032019-03-27T09:22:51.352+08:002019-03-27T09:22:51.352+08:00Go to deceased nominee estate. No estate will mean...Go to deceased nominee estate. No estate will mean unclaimed cpf. Plenty of unclaimed cpf horCreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-48733344467813179662019-03-26T20:31:31.853+08:002019-03-26T20:31:31.853+08:001. Any nominee deceased we need to re-nominate.
2...1. Any nominee deceased we need to re-nominate.<br /><br />2. If no, go to nominee's estateCreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-60802309663158040512019-03-26T19:53:51.078+08:002019-03-26T19:53:51.078+08:00Heheh, for those who keep their annual CPF stateme...Heheh, for those who keep their annual CPF statements, or leave them lying around the house ... family members will know the rough total amounts. If the total tabulated after disbursement is nowhere close to the annual statements, then the family ought to know that there's some other nominee(s). Hohoho!<br /><br />CPF takes about 1.5 to 2 months to disburse into nominees' bank accounts. So if after 2 months no money or much less than expected ... like that lorr!<br /><br />For me it's simple since my CPF quantum is not 7-figures LOL ... I just upfront tell my family members my nominations & the respective % :)<br /><br />Hmmm, I wonder what happens for cases where the nominee is also deceased when I up lorry ... I'm guessing it will be treated as part of the nominee's estate? Then either follow the nominee's Will, or follow intestate act if no Will.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-31794225821868635052019-03-26T18:06:04.773+08:002019-03-26T18:06:04.773+08:00No speculation of nominees upon demise. RIP!No speculation of nominees upon demise. RIP!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.com