Form Letters to Estate Creditor

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					Form ED
                             * High Court / Subordinate Courts
                             Probate No.                                                   ED Reference No.

                                                            REPUBLIC OF SINGAPORE
                                                             ESTATE DUTY RETURN
                                                UNDER SECTION 35(2) OF THE ESTATE DUTY ACT (CHAPTER 96)

                             In the Estate of
                                                                                                                     deceased,
                             *Singapore NRIC / other Identification No.
                             last address
(1) Insert "I" or "We" &
name, address & NRIC
                             (1)
or other Identification No
of each person who files
this Return.

                             declare and say as follows :
(2) Insert "Probate of
the Will" or "Letters of
                             1. *I / We desire to obtain a *grant / resealing of grant of (2)
administration with the
Will annexed of the
Estate" or "Letters of
administration of the
                             of the above-named deceased who died on (day / month / year)
Estate" as the case may
be.
                                             aged               at (place of death)
                                                   domiciled in

                             2. As far as *I / we have been able to ascertain, the Account "A" annexed is a true account
                             of the particulars and value as at the date of the deceased's death of all the deceased's property
                             whether in possession or reversion within Singapore inclusive of property :
                             • over which the deceased had and exercised an absolute power of appointment by Will or
                             • over which the deceased had an absolute power of appointment either exercisable by
                                instrument inter vivos or by Will or both but *he / she did not exercise such power.
                             Such property in respect of which the Grant is to be made devolves to and vests in the
                             personal representative of the deceased by Law. The gross value of Account "A" as at the
                             date of the deceased's death was $

                             3. The first part of Schedule I annexed is a true list of :
                              • the debts due from the deceased at the date of *his / her death to persons resident
                                within Singapore or out of Singapore but contracted to be paid in Singapore or charged
                                on property situate within Singapore, with
                              • the names and addresses of the persons to whom the debts are respectively due, the
                                descriptions and amounts of such debts.
                             The second part of Schedule I is a true account of the funeral expenses of the deceased.

                             4. The said debts are payable by law out of the property comprised in the said Account "A".
                             They were incurred by the deceased bona fide for full consideration in money or money's
(3) A debt for payment of    worth wholly for the deceased's own use and benefit. (3) There is not at any time before or
which the deceased was       after the deceased's death a right to reimbursement from any other Estate or person in respect
surety only must not be      of such debts except the debt of $                     which reimbursement cannot be obtained.
deducted.

                             5. The aggregate amount of the said debts and funeral expenses is $
                             which being deducted from the value of the property as specified in the said Account "A"
                             reduces such value to the sum of $

*Delete whichever is not applicable
    IR 701 (Mar/2005)
                                                                2

(4) If deceased died   6. (4) As far as *I / we have been able to ascertain, the Account "B" annexed is a true
 domiciled outside     account of the particulars and value as at the date of the deceased's death of all the deceased's
 Singapore, delete     movable property whether in possession or reversion situate out of Singapore inclusive of
 paragraphs 6 & 7      property:
                        • over which the deceased had and exercised an absolute power of appointment by Will or
                        • over which the deceased had an absolute power of appointment either exercisable by
                          instrument inter vivos or by Will or both but *he / she did not exercise such power.

                       7. (4) The Schedule II annexed is a true list of the debts due from the deceased at the date
                       of *his / her death to persons resident out of Singapore with the names and addresses of
                       the persons to whom the debts are respectively due, the descriptions and amounts of such
                       debts. The said debts are payable out of the property comprised in the said Account "B"
                       They were incurred by the deceased bona fide for full consideration in money or money's
                       worth wholly for the deceased's own use and benefit. There is not at any time before or after
                       the deceased's death a right to reimbursement from any other Estate or person in respect of
                       all such debts except the debt of $                  which reimbursement cannot be obtained.

                       8. *There is no property under the Account C. / As far as *I / we have been able to
                       ascertain, the particulars of other property under any title whatsoever and value as at the
                       date of the deceased's death are truly set forth in the Account "C" annexed.

(5) Delete paragraph   9. (5) In addition to the Estate Duty on the property included in the said Accounts "A"
 if not applicable     and "B", *I / we elect now to pay Estate Duty on the other property included in the said
                       Account "C".

                       10. (5) Other property which should be included in the said Accounts "A" and "B" or in
                       one of them exists but *I / we do not know the amount or value thereof. *I / we undertake
                       as soon as the amount and value are ascertained, to bring in an account thereof, and to pay
                       both the duty thereon for which *I am / we are or may be liable, and any further duty
                       payable by reason thereof for which *I am / we are or may be liable on the other property
                       mentioned in this Return.

                       All of which is true to the best of *my / our knowledge and belief.




                                                                                                               ....
                       Names, Singapore NRIC Nos. (or other Identification Nos.)                        Date
                       and Signatures of Executors / Administrators

                       Penalties will be imposed on the accountable persons who wilfully fail to comply with
                       Section 35(1) of the Estate Duty Act (Chapter 96).

     IR 701 (Mar/2005)* Delete whichever is not applicable
                                                                                            3
   PROPERTY SITUATE IN SINGAPORE IN RESPECT OF WHICH THE GRANT IS TO BE MADE
                                  ACCOUNT "A"
                                   Description of Property                                                       Market Price per
 (If the space is not sufficient to insert all the descriptions of the different items, use                      share at date of            Gross Value as at
                                   statement 'A' annexed)                                                             death                    date of death
                                                                                                                        $                               $
Government Securities

Bonds & Debentures

Stocks & Shares in Public or Private Companies (6)




Dividends declared on the above shares but not received
(if not included in the market price of shares etc., at date of death)


Interest accrued on the above stock, bonds, debentures or securities but not received
(if not included in the market price of stock etc., at date of death)


Immovable Property as per Schedule annexed                                                                   $


HDB flat / shophouse at

Less Mortgage Debt due from the deceased at date of death (7)
    and created by an Indenture dated (day / month / year)

Rents due to the deceased including apportionment of the Rents to date of death

Cash in the house / Traveller's Cheques

Cash at Banks (8)
    i Current account

      ii Savings account

     iii Deposit account

Debts due to the deceased with interest thereon to date of death (9) from:


Policy of Insurance (10)
     i On life of deceased

      ii On life of other person
Remuneration due from employer
                                                                                                              Carried forward
(6) For shares in any company which keeps its register of shareholders in Singapore. Attach public quotations or letter from Stock Exchange of Singapore Ltd or letters
     from the Secretaries of the companies showing the closing price as at date of death.
     Attach Audited Profit & Loss Accounts and Balance Sheets of private companies for the three accounting years nearest to death and give basis of valuation of
     shares.

(7) Attach letter from mortgagee certifying the amount due from the deceased as at date of death and particulars of security for the debt.

(8) Attach certificate from bank showing Account No. and Balance including Interest up to date of death.

(9) Attach letter from debtor or any document showing the Amount due to the deceased with Interest up to date of death.

(10) Attach letter from insurance company showing Policy No. and Amount payable on death or Cash Value as at the deceased's death.
     IR 701 (Mar/2005)
                                                                                         4
        PROPERTY SITUATE IN SINGAPORE IN RESPECT OF WHICH THE GRANT IS TO BE MADE
                                       ACCOUNT "A"
                                                                                                                                                        Gross Value as at
                                                     Description of Property
                                                                                                                                                           date of death
     (If the space is not sufficient to insert all the descriptions of the different items, use statement 'A' annexed)                                           $
                                                                                                                        Brought forward
Amount due from any Pension or Provident Fund

Jewellery
Paintings
Antiques
Horses
Ships / Vessels (11)
Motor Vehicles (11)
Household goods and others


Value of contents of safe deposit box number
with (12)

Value of sole proprietorship business known as:
as per valuation statement (13)
Value of the deceased's share as a Partner in the Firm of :
as per valuation statement, (13) signed by the surviving Partners
If none, estimated at

The deceased's interest as a beneficiary (            share) in the following Estate under
administration
Name of Estate :
Unadministered assets of the Estate and value as at date of death of the deceased's interest
in the Estate as per statement 'A' annexed.

The deceased's interest                  (                       share) expectant (14) upon the death of:

under the Will of:
or under the Settlement dated (day / month / year)
made between (15)
in the property as per statement 'A' annexed, and of which property the present Trustees are :


Other property not comprised under the foregoing heads :




                                                                                                          Total of Account "A"
(11) Give Registration No., Make, Year of Manufacture, Model and Capacity.

(12) Give Safe Deposit Box No. and Name of Financial Institution. Attach a list of the contents signed by all persons present at the inventory taking. Refer to the Safe
     deposit Box Procedural Guidelines

(13) Attach valuation statement by executor / administrator or partners, Profit & Loss Accounts and Balance Sheets for the last three accounting years prior to death and
     the period up to the date of death.

(14) All interest in expectancy whether vested or contingent should be included. State deceased's fractional share in the property. Attach a copy of the Will or Settlement.

       IR names of the parties to the deed
(15) Give 701 (Mar/2005)
                                                                     5
                                                                                                                  Gross Value as at date
    PROPERTY IN RESPECT OF WHICH THE GRANT IS NOT TO BE MADE
                                                                                                                         of death
                                                                                                                             $
                   ACCOUNT "B" (Attach supporting documents)
An account of movable property situate out of Singapore
(To be completed only in cases where the deceased died domiciled in Singapore.
   If there is no property, the word NIL must be declared)
If the space is not sufficient, use statement 'B' annexed.




                                                                               Total of Account "B"

                     ACCOUNT "C" (Attach supporting documents)
(1) Movable and immovable property situate in Singapore passing on the death of the
deceased within the meaning of section 7(1)(b) to (g) of the Estate Duty Act (Chapter 96)
(If there is no property, the word NIL must be declared)
If the space is not sufficient, use statement 'C-1' annexed.




(2) Movable property situate out of Singapore passing on the death of the deceased within
the meaning of section 7(1)(b) to (g) of the Estate Duty Act (Chapter 96) :
(To be completed only in cases where the deceased died domiciled in Singapore. If there is no
  property, the word NIL must be declared)
If the space is not sufficient, use statement 'C-2' annexed.




                                                                                Total of Account "C"




Signatures of Executors / Administrators
      Examples of property which should be included in Account "C" are :
(i) Donations Mortis Causa .
(ii) Gifts inter vivos made by the deceased within five years of his or her death including property given by the deceased within
      five years of his or her death by deed in the exercise of his or her power of appointment over that property.
(iii) Gifts, whenever made, in which the deceased reserved to himself or herself an interest within the meaning of Section 7(1)(e )
      of the Estate Duty Act (Chapter 96).
(iv) Property of which the deceased was tenant for life under Settlement, Will or other disposition.
(v) Annuities or other interest purchased or provided by the deceased, so that a benefit arose on his or her death. (e.g. CPF
      balance)
(vi) Beneficial interest in property vested in the deceased and other persons jointly passing or accruing by survivorship on his
      or her death.
       IR 701 (Mar/2005)
                                                                               6

                                                                         SCHEDULE I
             An account of the debts and funeral expenses due to persons resident in Singapore or due to persons resident
             out of Singapore, but contracted to be paid in Singapore or charged to property situate within Singapore.

             FIRST PART --- Debts incurred by the deceased
             Bills or statements of account should be attached


                                                                                      Description of Debt                                Amount
                       Name and address of Creditor                          [This should include the date and short               as at date of death
                                                                               particulars of any security for the debt]                   $




                                                                                                  Total of First Part



             SECOND PART --- Total funeral expenses of the deceased incurred in Singapore (16)

                                                                    Total of First and Second Parts Schedule I


             (16) Under the Estate Duty Act (Cap.96), for cases where the deaths occur before 1 Jan 2005, the allowance for
                    funeral expenses shall not exceed $1,000 or 5% of the ascertained value of the estate, whichever is smaller;
                    for cases where the deaths occur on or after 1 Jan 2005, the allowance for funeral expenses shall not
                    exceed $6,000.



IR 701 (Mar/2005)
                                                               7
                                                      SCHEDULE II
An account of the debts due from the deceased to persons resident out of Singapore and payable out of the
property comprised in the said Account "B".
(To be completed only in cases where the deceased died domiciled in Singapore)
Bills or statements of account should be attached.

                                                                   Description of Debt                       Amount
        Name and address of Creditor                      [This should include the date and short      as at date of death
                                                           particulars of any security for the debt]           $




                                                                             Total of Schedule II


                                     AGGREGATION ACCOUNT                                        $              $

                                                     Total of Account "A"
                                                     less Total of Schedule I

                                           Add       Total of Account "B"
                                                     less Total of Schedule II

                                           Add       Total of Account "C"

                                           Add       Value of property in which the deceased had
                                                     a life interest

                                           Add       Value of property on which Estate Duty
                                                     was paid on a former Affidavit / Return
                                                                Aggregate value of property




  Signatures of Executors / Administrators
    IR 701 (Mar/2005)
                                   STATEMENT 'A' ANNEXED TO ACCOUNT 'A'
   PROPERTY SITUATE IN SINGAPORE IN RESPECT OF WHICH THE GRANT IS TO BE MADE

  ED File No.

  Estate of                                                                                             Deceased

                         Description of Property                                Market Price per       Gross Value
                 (Shares, bank accounts, insurance policies, etc.)            share at date of death
If the space is not sufficient, more than one page may be used                          $                  $

                                                            Brought forward




                                                  * Total / Carried forward




   Signatures of Executors / Administrators                                   Insert page number:

   IR 701 (Mar/2005)
                       STATEMENT 'B' ANNEXED TO ACCOUNT 'B'
              PROPERTY IN RESPECT OF WHICH THE GRANT IS NOT TO BE MADE

ED File No.

Estate of                                                                                           Deceased

               An account of movable property situate out of Singapore                             Gross Value
        (To be completed only in cases where the deceased died domiciled in Singapore)
                  If the space is not sufficient, more than one page may be used                       $

                                                                            Brought forward




                                                                * Total / Carried forward




Signatures of Executors / Administrators
   IR 701 (Mar/2005)                                                        Insert page number :
                        STATEMENT 'C-1' ANNEXED TO ACCOUNT 'C'
                PROPERTY IN RESPECT OF WHICH THE GRANT IS NOT TO BE MADE

  ED File No.

  Estate of                                                                                     Deceased


  (1) Movable and immovable property situate in Singapore passing on the death of the          Gross Value
deceased within the meaning of section 7(1)(b) to (g) of the Estate Duty Act (Chapter 96)
If the space is not sufficient, more than one page may be used                                     $

                                                                           Brought forward




                                                                 * Total / Carried forward




Signatures of Executors / Administrators                                 Insert page number:
 IR 701 (Mar/2005)
                       STATEMENT 'C-2' ANNEXED TO ACCOUNT 'C'
               PROPERTY IN RESPECT OF WHICH THE GRANT IS NOT TO BE MADE

 ED File No.

  Estate of                                                                                         Deceased

   (2) Movable property situate out of Singapore passing on the death of the deceased              Gross Value
    within the meaning of section 7(1)(b) to (g) of the Estate Duty Act (Chapter 96)
           (To be completed only in cases where the deceased died domiciled in Singapore)              $
If the space is not sufficient, more than one page may be used

                                                                              Brought forward




                                                                    * Total / Carried forward




  Signatures of Executors / Administrators
  IR 701 (Mar/2005)                                                          Insert page number:

				
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