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site is dedicated to issues relating to Wills & Trust in Singapore.
It includes an online service for the drafting of Wills.
Our
Will drafters are legally qualified persons ie solicitors.
Instructions may be given online or in person. You may choose to
attend at our office or request for our solicitors to attend at
the convenience and privacy of your home or office for execution.
No password is required for this site, just click Online
Form You may also use our associated secured site at
www.familylaw.com.sg
Why does one need to make a Will?
The necessity depends on one's needs. If you do not have any assets
and dependants, you do not even need to make a Will. However, if
you have assets and do not make a Will, the assets will be divided
in accordance with the laws of intestacy. If you are happy with
the division under the laws of intestacy, and do not wish to specifically
appoint anyone as Executor and/or provide for special distribution
between your loved ones or to appoint a guardian for your children,
you can get by without making a Will.
There are of course various advantages
in making a Will. You can appoint an executor or executors of your
choice. The beneficiaries need not be left with the task of deciding
whom ought to be appointed as the Administrator of your estate.
You can also choose to give specific gifts to loved ones or to select
an appropriate person to act as the guardian of your minor loved
ones.
You may also create a trust for
your children. In some instances, the making of a Will avoids unjust
distribution, such as in the event a married couple meets with an
accident and passes away at the same time, the younger spouse is
deemed to have survived the older spouse, and thereby inherits the
older spouse's assets, to the exclusion of the older's spouse's
parents. There is also less documentation and a simpler Court procedure
to obtain a Grant of Probate (when there is a Will) as compared
to a Grant of Letters of Administration (when there is no Will).
More importantly, the making of a Will shows planning in your life
and your love for your dependant loved ones in the eventuality of
your death. It is also not morbid to make your Will early, but would
clearly be unwise to leave it too late.
Some issues to note
before approaching your solicitors to draft your Will.
Choose & Identify your Executor(s).
Is there an alternative Executor(s) named;
List out your Assets & Estimate
the total;
List out your Liabilities &
Estimate the total;
Consider whether you require a
Guardian for your minor children;
Consider whether you require a
trust for your children during their minority;
Identify the needs of each one
of your beneficiaries;
Whether you wish to state your
preference for a burial or a cremation;
Whether you wish to specifically
exclude any particular person or devise a specific gift to an individual
or even to a charitable or specified organisation;
Whether you think that your Will
is likely to be challenged in Court after your death (forseeable
if the estate is large) and to make adequate preparation with competent
advice from solicitors familiar with estate laws.
Whether you require your estate
to be managed by professional trustees.
Whether you requre your spouse
to do a similar Will which cannot be varied without your consent
eg. Mutual Wills.
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