Wednesday, 15 July 2015

Wills are legal documents that properly set out specific directions for the distribution of all of your assets. Technically, if you are 21 years of age and have a sound mind, you can write your own will without procuring wills writing services from a law firm in Singapore. However, lack of proper legal advice when writing your will may result in an invalid will, which would cause your assets to be distributed not in accordance with your desires. In the event your will is invalid, the state automatically has a right to distribute your assets according to the Intestate Succession Act. For such an important legal document, it would be in your interest to properly engage wills lawyers in Singapore. Many law firms in Singapore offer wills writing services and legal advice, such as Gloria James Civetta& Co.

A will include the details of your beneficiaries and which assets you choose to give to whom. Money contained in your Central Provident Fund (CPF) may not be included inside a will. A nomination must be made under the CPF Act in order to entitle specific persons to the rights to your CPF funds. 

Two persons, present at the same time, must witness the signing of your will. The witnesses cannot be beneficiaries of the will, or spouse to any of the beneficiaries under the will. Once signed, the will should be registered at the Will Registry in Singapore.

Upon passing on, your will takes immediate effect. The executors that you named in your will subsequently must apply for a Grant of Probate or an application for probate. In the event you do not have a will in Singapore, an administrator, as opposed to an executor, will apply for Letters of Administration. Grants of Probate or Letters of Administration in Singapore or probate letters authorize executors and administrators respectively to deal and distribute your assets.

The cost of wills writing services in Singapore will vary according to the complexity of your will. There are numerous wills and probate lawyers in Singapore.