Why make a will?
A will or
testament is a legal declaration made by an individual on how his or her
property should be divided upon his or her death. An individual may dispose of
both real and personal property in his will.
If a person living
passes away without leaving a will, or if the will is declared to be invalid,
the person is said to have died intestate and the properties of the individual
will be distributed according to the laws of Intestacy of Singapore.
A will allows
an individual to decide how exactly to distribute his property to his desired
beneficiaries. It also helps to safeguard a person’s right to select an
individual to serve as guardian to raise his young children in the event of his
death. If an individual dies in Singapore intestate, his or her estate may be distributed
to people to whom he does not intend to give anything.
Why should you employ a Singapore Civil Lawyer to
construct your will?
When making a
will, there is an inherent risk that a self-made will may be ineffective or
invalid due to an irregularity in the formality of the will. This may result in
the will being contested in the future. To avoid such a situation, it would be
prudent to consult a civil lawyer who can aid in drafting your will in
accordance to the requirements of the law.
When should
one review his will?
-When one
changes his name or anyone in the will changes his name.
-If a
beneficiary dies
-If you sell
or part with any property mentioned in the Will.
-If a trustee
becomes incapable of carrying out his duties owing to ill-health.
-If there is
any significant change in circumstances, for example when you acquire property
in your will.
-When one
marries or remarry.
At
Gloria James-Civetta & Co,
we offer a free 20-minute consultation with one of our lawyers. Should you have
any queries or should like to seek legal representation, kindly contact us at 6337 0469 or email us at consult@gjclaw.com.sg.
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