Advice on property under parent's name

zeopphire — Sun, 03 Jul 2022 17:41:46 +0800

Hi All,

would like to ask, if a property was bought under parent's name (let say the mother's name in the s&p) but the housing loan is with the child's name, meaning the housing loan instalment is still ongoing and the child is the one servicing the loan.

in this situation, is it better for the parent to do a will so that the child can righfully inherits the property in the future?

Thanks in advance.

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Advice on property under parent's name