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What happens to the CPF savings if the nominee passed away before he could receive the CPF savings of the deceased member?

The CPF savings would form part of the deceased nominee's estate and would be paid to the Executor/Administrator appointed under the Grant of Probate (GP)/Letters of Administration (LA). 

If there is no Executor/Administrator appointed, the CPF savings may be paid to a proper claimant if the sum does not exceed $50,000.