IN a previous article, we wrote about a fictional character by the name of Albert. The facts are briefly:
āAlbert buys a Private Lease Scheme (āPLSā) property and he has a 2-year old son. At the time of purchase, the balance lease period is say 95-years. Assuming say 35-years later, Albertās son is now 37-years old and want to sell this PLS property to upgrade to a better property and the lease remaining for the PLS property has been reduced to 60-yearsā.
Beware the oppressive Private Lease Scheme (PLS) ā Part 3 Inheritance of PLS
ā¬ontinving with the facts above, let vs assvme Albert does not sell the PLS property and continves to stay in the PLS property till he passes away. Albert leaves behind a son name Ben and davghter name ā¬athy. They are his beneficiaries vnder Albertās Last WillĀ & Testament (āWillā). Ben is named as the execvtor of Albertās last Will.
