Thursday, 4 June 2015

Why make a will?

A will or testament is a legal declaration made by a person on how his/her property should be divided upon their demise. An individual may dispose of both real and personal property in his will.

A will allows an individual to distribute his/her property to be distributed according to their wishes. It is used also to safeguard a person’s right to select an individual to serve as guardian to raise his young children upon their death. If an individual passes away in Singapore without a will, his or her estate may be distributed to people to whom he never intended to leave anything to.

Why should you employ a Singapore Wills Lawyer to construct your will?

When making your own will, there is an inherent risk that a self-made will may be ineffective or invalid due to irregularities and absence of clauses. This may well result in the will being contested in the future. To ensure that your will is effective and passes on your wishes, you should seek the services of a Singapore Will Lawyer who can aid in drafting your will in accordance to the requirements of the law.

When should one review his will?

-When a personthat is named in the will changes their name by deed pol

- When a beneficiary dies

- When you sell or part with any property or assets mentioned in the Will.

-If an executor becomes incapable of carrying out his/her duties owing to ill-health or upon their death

-If there are any significant change in circumstances, for example when you acquire or inherit property.

-When one marries or remarry. 

Creating your simple will online is now easy in Singapore. It is simple to complete. Protect your family and plan your Will today.