A grantee of Letters of Administration, whether with or without a Will annexed, from a Singapore Family Court shall give security for the due administration of the estate by way of an Administration Bond and 2 Sureties in the following circumstances:
- where the estate and effects in respect of which the grant is applied for, exclusive of what the deceased was possessed of or entitled to as a trustee and
not beneficially, but without deducting anything on account of the debts due or owing from the deceased, exceed the value of $5 million
- where there is a minority interest in the estate
- where there is a life interest in the estate
- where there are beneficiaries who lack capacity within the meaning of the Mental Capacity Act (Cap. 177A)
- where the grantee is a creditor; and
- in such other cases as the Registrar thinks fit.
Sureties must not use protected property under section 51 of the Housing and Development Act (Cap. 129) for the purpose of justification.
[Source: Para. 68 Family Justice Courts Practice Directions 2015]