Are you thinking of getting a Wills lawyer in Singapore to prepare your Will? A good Wills lawyer in Singapore understands the legal principles behind a Will and the legal requirements for a Will to be valid. He/ she will also know the best way to reflect your wishes in the Will. Further, your Will is protected by professional indemnity.
Generally, hiring a Wills lawyer in Singapore to prepare your Will is an affordable process and it will cost between S$200.00 to S$400.00 for a simple Will. In cases where your Will is complex, the costs may go above S$500.00.
Before hiring a Wills lawyer in Singapore to prepare your Will, you will need to know the following.
What is a Will?
A Will is a legal document which provides for specific instructions on the distribution of your assets after death.
Benefits of a Will
A Will serves to protect your loved ones. Should you not have a Will, your assets will be distributed according to the intestacy rules as per the Intestate Succession Act. The intestacy rules may not reflect your wishes. For instance, if you are married with children and you do not have a Will, half of your assets will go to your children and the other half to your spouse. Your parents will not receive anything. In an extreme case where you do not have any children and your spouse passes away shortly after you, your assets will go to your spouse’s family instead of your own family should you not have a Will in place.
By engaging a Wills lawyer in Singapore to prepare a simple Will on your behalf, you can protect your loved ones and ensure that your loved ones receive your assets.
Secondly, in the absence of a Will, your next-of-kin will need to apply to Court to be appointed as the administrator to your estate. There may be a dispute amongst your loved ones on who should be the administrator to your estate. If you have a Will, you will list a specific person as your executor and there will be no dispute as to who should be appointed as the administrator to your estate. The executor should be a trusted family member/ friend. He/ she should be capable and willing to administer your estate.
Thirdly, you will also be able to provide more detailed instructions in your Will. For instance, other than detailing the division of your assets, you may also indicate the guardian of your children in your Will. You may also state your wishes on funeral matters. You may also indicate your wish on when your children receive the assets.
Getting the Right Wills Lawyer in Singapore
Technically, you can prepare your Will by yourself, by using a Wills template in Singapore. However, there are many legal issues which you need to take note of. For instance, a joint-tenanted property will automatically go to the surviving joint-owner.
Further, your Will is protected in that a practising Wills lawyer in Singapore will have professional liability for the Will prepared. In the event that something goes wrong and your Will is found to be invalid, you will have recourse.
Contact us at +6598330314 (whatsapp) to have your Will prepared.
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