It's not that straight forward. Its not an absolute gift. The gift is subject to a prior life interest, so essentially LHL's interest in land is a remainder interest. The remainder interest is subject to a demolition clause, in which case he is only entitled to the proceeds of sale. LHL sold the remainder interest to LHY and the property continues to be subject to a life interest.
I believe the lawyer cock up the Will. Instead of giving away a remainder interest subject to a demolition clause, LKY should have just willed the proceeds of sale to LHL so that executors of the estate and not LHL get to decide on the demolition.
When I said that LKY left the house to LHL in my original post I based it off what LHL had stated in his SD. And once again in LHL's statement from PMO he uses the same words that LKY left the house to him.
I am no lawyer lah. And no expert in wills and estates. But if someone says I am stupid beyond belief then I guess LHL is also stupid beyond belief to say that LKY left him the house.
But I haven't seen any of his siblings jump and this and say "It's not that straight forward. Its not an absolute gift. The gift is subject to a prior life interest, so essentially LHL's interest in land is a remainder interest. The remainder interest is subject to a demolition clause, in which case he is only entitled to the proceeds of sale. LHL sold the remainder interest to LHY and the property continues to be subject to a life interest."
Bonut, I appreciate that you are sharing intricate details pertaining to wills and estates which are informative. Notice that you do not go around calling me stupid and curse and swear unlike some people.
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