Guide to making a will in SingaporeThe Wills Act governs the making of a Will in Singapore. The Wills Act states that a testator (the person making the Will) may devise, bequeath or dispose of his real or personal estate via a Will. Show
The following contains the key points concerning Will writing in Singapore. Please note that this article is meant as a general guide. For more specific advice relating to your situation, you should consult a reputable wills lawyer. Requirements of a valid WillIn general, when preparing a will, the following must be in place.
Recommended clauses in a WillWhen making a Will, you should include the following clauses:
CPF moniesCPF money may not be included inside a written will. As such, if you wish to distribute the money inside your CPF account upon your passing, you will need to nominate a beneficiary for your CPF account. This can be done with the CPF Board. Each nominated person will receive a portion of your CPF money as indicated in your nomination. If no nomination has been made, the money inside your CPF account will be automatically transferred to the Public Trustee’s Office and made available to your next of kin. What happens after the Will has been prepared?Once you have done up your Will, please keep it in a safe place and inform the executor and your family about the Will. Make a fresh Will upon marriage and divorceYou should keep in mind that if you get married, any Will you did before your marriage will automatically become invalid unless you had indicated in your Will that it was made in contemplation of marriage. However, in the case of a divorce, the reverse is true – any Will you made before the divorce remains valid. Remember these 2 simple rules: your old Will is revoked upon marriage. However, it is not revoked upon divorce. So, you may wish to consider changing your Will to reflect on your new situation. Wills writing services by PKWA LawWhile not a mandatory requirement, engaging a reputable wills lawyer is recommended. A lawyer is governed by the Law Society and must observe certain careful rules when drafting a Will. For example, a trained lawyer will determine if the instructions received are indeed from the client and are given without duress. Further, a lawyer is covered by insurance. Professional advice from a trained lawyer will thus help you devise the necessary content to include in a will, preventing unnecessary losses, conflicts or confusion in the long run. PKWA Law has over 30 years of experience in estate planning and we work with our clients to customize a plan that achieves each client’s specific goals. Our family lawyers and estate planners will help you to draft your Will, create a Trust to protect your assets, draft your Lasting Power of Attorney (LPA), make your CPF nomination. PKWA family lawyers are consistently named as leading Singapore lawyers by the Straits Times, Benchmark Litigation, Asian Legal Business, Singapore Business Review, and Doyle’s Guide. Our firm has more than 130 employees and 30 years of history.
*Special Promotion* Will + LPA $590Should you require legal representation, kindly contact PKWA Law for a free first consultation with one of our lawyers.AuthorRelated articles
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Who is best to prepare a will?Hire a lawyer. Many people choose to hire a lawyer to make their estate plan, and this is unequivocally the best choice if you need or want personalized legal advice—and you can afford to pay.. Use a statutory form. ... . Make a will yourself.. Where is the best place to keep a will?Best Places to Keep Your Will. Filed with the probate court. This is the best place to store your will. ... . With your attorney. If you use an attorney to prepare your last will, they may offer to keep it in their safe. ... . A home safe.. |