WILLS - Should I make a will?

There are several parties involved in a Will: the person making the will (“the Testator”), the parties who inherit or benefit under the Will (“Beneficiaries”) and the person who administers and distributes the estate upon the testator’s death (“the Executor”).

Am I eligible to make a Will?

Anyone who is over the age of 21 is eligible to make a will.

Why should I make a Will?

A Will is a device which allows you to manage your assets properly and you get to control who gets your property after your death. Without a Will, you will not have a say over the distribution of your assets upon your death, and you may deprive your loved ones of any benefit they would obtain under a Will.

If you find yourself in the following situations, you should consider making a Will.

·         You are married;

·         You are married with aged parents;

·         You are married with children and/or aged parents;

·         You are single with aged parents;

·         You are single with siblings and/or grandparents and/or relatives;

·         You are recently divorced and have not made a new Will since;

·         You have intended beneficiaries.

These situations are not exhaustive, and only serve as considerations as to whether you should make a Will.

If you have children or beneficiaries below the age of 21, you may appoint a guardian to look after them until they reach the age of maturity.

Regardless what circumstances you are in, it is always better to be testate. If you have any further queries regarding Wills, you may wish to seek legal advice from one of our lawyers from Gloria James-Civetta& Co.

At Gloria James-Civetta& Co, we offer a free 20-minute consultation with one of our lawyers. Should you have any queries or would like more information, kindly contact us at 6337 0469 or email us at consult@gjclaw.com.sg.