Originally Posted by
puchong
My father-in-law, a cancer patient, is a resident of the US and a citizen of an EU country. He has certain investments in Singapore (mainly stocks & some funds) which requires his personal presence to liquidate or encash. He is most anxious that he may be unable to travel to Singapore inthe foreseeable future to take care of his assets there. Could some knowledgeable person comment on this please?
sorry to hear about your father in law.
Strange that they can't accept a foreign affidavit, at least for partial liquidation /transfer, given how open Singapore is to attract businesses
You could try applying for short-term pass, unknown if it'll be granted. Usually it is for people to enter Singapore due to family within Singapore, or for medical treatment
https://go.gov.sg/sto-enquiry
best is do all 3 items below:
1) apply above as mentoned
2) grant power of attorney (if Singapore opens up later in the year, FIL still alive but not well enough to travel, POA should be able to travel and liquidate). May require multiple hoops (eg cross notorized by Singapore embassy in USA), check with lawyer
3) set up will/estate, plans for how to liquidate and distribute estate
4) SG may open up to USA at EOY 2021. Hard to say when, probably not before sept
Let us know if you are able to make any progress on short term visitors pass