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Frequently Asked Questions
What are common post-closing issues in M&A?
These include integration of employees, assignment of contracts, IT systems transition, and compliance with earn-out or payment terms.
Do I need to pay stamp duty when buying property?
Yes. Buyers are subject to Buyer’s Stamp Duty (BSD) and may also be subject to Additional Buyer’s Stamp Duty (ABSD) depending on residency status.
How long does it take to incorporate a company in Singapore?
Most companies can be incorporated within 1–2 business days if all documents and approvals are in order.
What is the difference between a Power of Attorney and Guardianship?
A Power of Attorney typically covers financial decisions, while a guardian is appointed to make personal, lifestyle, and medical decisions.
Who can be appointed as a guardian?
Usually a family member, trusted friend, or professional who can act in the person’s best interests.
When is guardianship necessary?
When someone lacks decision-making capacity and there’s no existing arrangement or disagreement about their care.
When should I create a Power of Attorney?
It’s best to set one up while you are of sound mind and can make informed choices about your future.
Can I appoint more than one attorney?
Yes, you can appoint multiple attorneys to act jointly, severally, or in a specified order.
What happens if I don’t have a POA and lose capacity?
Without a POA, family or loved ones may need to apply to a tribunal or court for authority to act, which can be time-consuming and stressful.
Can I challenge a will if I was left out?
Yes, if you are an eligible person (e.g., spouse, child, or dependent), you may claim for further provision under relevant state laws.