In Singapore, the Intestate Succession Act would then have to be enforced. It will then be the state who makes the decisions on who the manager of your estate should be, who would get your assets, and how will it be divided.
Asking the question ‘Do I need a will?’ is also asking whether you have a regard for how your estate will be distributed upon your passing. By writing a will, you take into consideration your loved ones and their needs.
Before it gets too late would be the best time to write your will. In Singapore, you must at least be 21 years of age to do so. That said, it is best to learn how to write a will as soon as you can.
Knowing what to include in your will is likely the first step in writing it. A comprehensive list of your assets, debts and beneficiaries would be important, along with an understanding of how circumstances such as guardianship, your funeral arrangements, and CPF would factor in after your passing.
An equally significant decision is who becomes your . This person carries with them the responsibility to implement the terms of your will, including paying your debts and taxes and distributing your assets.
While is perfectly acceptable, there are some benefits to enlisting proper legal services.
With a lawyer to help you draft your will, you ensure that your will is valid and could be enforced upon your death. This means that adherence to state laws is taken into account, along with forecasting other fees and charges, like tax requirements.
In addition, because everyone is under unique circumstances, it’s also best to take advantage of a lawyer’s consultation services to address any other concerns you may have.
As an important document, your will has to be safely stored, and you have several options on where to keep it. Note that each comes with its own pros and cons. Here are some suggestions on where to keep your will:
Singapore inheritance legislation considers certain circumstances as . These could be from:
A thorough understanding of The Inheritance (Family Provision) Act would also be key to bring the case for the court’s review.
With a seemingly complex process, we can help uncomplicate things for you by taking into consideration your family circumstances and requirements.
Because we do estate administration too. We see estate plans put in action and know intimately what works and doesn’t work in a written will. People who only do wills without knowing how they actually work or are implemented won’t have the holistic insights that we bring to you.
Our team can onboard you over ZOOM or Google Meet to save you precious time. In-person meetings happen at our centrally located office near to the Supreme Court and Clarke Quay Central.
After collecting your details, we will prepare your application within 5 days for the simpler cases.
For basic Will, our clients pay S$500 or S$950 for couples.
Everyone has their own unique legacy they wish to leave behind. Through our purpose-driven ethos, we will help you craft out a personalised plan on how you wish to incorporate your legacy plan with your estate plan.
Our friendly STEM lawyers will guide you through your situation to help you understand what a will is, whether you need it and how much it’s going to cost.
Once we obtain all the details required, we will arrange for an appointment to review the initial draft.
Once we obtain your approval, we will arrange for an appointment to formalise the execution of your Will.