How will the deceased member's CPF monies and assets be distributed if he was a bankrupt?
The treatment of a deceased bankrupt member's CPF monies and assets depends on whether there is a valid nomination:
If the deceased member had made a valid nomination, his remaining CPF savings and discounted Singtel Shares (if any), will be distributed in cash to his nominee(s).
If the deceased member had not made a valid nomination, his remaining CPF savings will be forwarded to the Public Trustee's Office (PTO) for distribution according to intestacy or Muslim Inheritance laws.
The deceased member's discounted Singtel shares are due to his estate and the Official Assignee may lay claims on the shares.
This information is sourced from CPF
Need more help?
Get in touch