When crafting a legal will, there are several things to consider.
Having a legally binding will is something that most people would not think about until it’s too late. Thinking about your mortality isn’t the most pleasant of topics, but if you have assets or family members in Singapore, it pays to have a valid will in place. It can make the process of dealing with estate matters much easier during an already difficult time and ensures that your wishes are respected after you pass away.
First and foremost is to seek professional advice from a lawyer who specializes in family law. They will be able to help draw up all the necessary documents and provide sound legal advice on how best to distribute your assets according to local laws.
It is highly recommended to consult with a lawyer as they can offer specific advice on the best way to draw up your will and make sure it meets all legal requirements for it to be considered legally binding.
It is also important to consider how you want your assets distributed. You should list out each item according to who will receive them, or if they should go into a trust fund or other body of people.
This includes any overseas assets such as real estate, stocks and shares that you own outside of Singapore. If you have any specific gifts that you would like given out at a certain time in the future, these can be detailed in the will too.
You should also list out who will be the executor of your estate. This is someone who can handle all of the legal matters on your behalf such as filing for a grant of letters or a grant of probate. They should be someone you trust to carry out your wishes and make sure that everything is handled smoothly after you pass away. You could choose a family member, friend or even an estate lawyer if you prefer.
It is also wise to have multiple copies of the will drawn up so that it’s easier to locate in case something happens to one copy, or when it needs to be presented in court. It may also be beneficial to keep it with a trusted third party such as an estate lawyer or a family member.
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Finally, make sure to review the will regularly so that any changes you may want to make can be done in time. This is especially important if any specific people have been added, or if certain gifts now need to go to a different person. It is also important to keep up with any legal changes which could affect how your wishes are carried out and ensure that all documents remain valid and up-to-date.
Conclusion
Here at Emerald Law LLC, we have years of experience in the family law field and provide quality family law services at affordable rates. We provide free consultations so that you can learn more about the process of creating a will and ask any questions before proceeding with it.
We understand that these can be sensitive topics which is why we always strive to provide a non-judgmental, friendly service without any hidden charges. So if you have been thinking of drawing up a will for yourself or loved ones in Singapore, contact Emerald Law LLC today and let us help make the process as stress-free as possible. We look forward to hearing from you soon!
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