WEALTH CARE
Flying the coop, Rainy-day funds, Tax liability on life insurance
- Published: 11 Feb 2013 at 00.00
- Newspaper section: Business
I am a Thai citizen working in Singapore as a permanent resident. My questions are related to my assets: houses in the US, shares in a private company owning land in Cambodia, a townhouse in Bangkok, and condos in Bangkok.
1. What would happen if I become a Singaporean citizen? Keep in mind that Singapore does not allow dual citizenship.
2. Would a simple will (in English) be enough to cover all mentioned assets?
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