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.
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