Singapore solicitor, Javern
Sim examines why it is important for newly divorced people to review their
wills
Failing to updatea will after the conclusion of the
divorce can lead to terrible consequences for your loved ones. It is common for
married people to appoint each other as Executors and leave everything to the
survivor on the first death. If you have one of these wills it is extremely
important that the will be revised upon divorce as it is unlikely that you will
want this now.
Should
you pass away during the divorce process and not have a
Will, your spouse will be entitled to as much as HALF of ALL your
properties upon your death under the Intestate Succession Act. Even after you
file for divorce, this rule continues to apply until
the date of Final Judgment. Furthermore, your spouse will continue
to have first right to apply for the grant of letters of administration to deal
with your properties after your death. The only way to circumvent this is via a
Will.
If
you wish to leave your assets to your chosen beneficiaries, it is important to
leave a Will or make sure you update your existing one to accommodate to your
new circumstances, before you commence divorce proceedings. If you wish to have
someone else other than your spouse deal with your assets after your death, it
is important to appoint different executor in your Will.
You should always have a Will because you decide who the beneficiaries of your estate are.
If you have a new partner but not married, he or she will receive nothing
unless you include them in your Will.
Make
Your Will Online Now!
You can have your Simple
Will drawn up easily and cost-effectively at Gloria James-Civetta
& Co, simply fill in our
online form and submit your information, it should take you no longer than 15 minutes
to complete. Upon completion, one of our friendly staff will contact
you to arrange for you to come into our office to sign off on your Will. We
offer a same day service should you require it on a urgent basis. It`s that
simple!
Cost of a
Simple Will is $250 nett. Click here to begin
If you require assistance
in filling out the online form, Call us on 63370469 and speak to one of our staff.
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