When making a Will in Singapore many people just google ‘How to write a Will?’ or ‘How should I make a Will?’. Really, it is more important that you get three things absolutely right if the Will is not going to be invalid. Valid Will The requirements for a valid Will can be found at […]
Category: Will making tips
Providing for children in your Will – to state their names or not?
In making a Will in Singapore or writing a Will there is no legal requirement that you have to state a person’s name in full if it is possible to identify that person some other way. The practice is to provide NRIC numbers. Doing so leaves no doubts. However, if a will maker states in […]
Dealing with Real Estate in a Will
“I have a private Property and HDB in joint names with my husband. How can I transfer my share to my two children in our Wills?” This was the question we were asked earlier this week. Simple Answer If both you and your husband make the usual “standard” Will that couples with children make (see: […]
Testamentary trust and the “problem” dependent
What happens if you have a spendthrift dependent or one who is unable manage money? In making your Will you have to worry about leaving money to such a dependent. This could happen if you have a family member who is: A bankrupt A gambler Alcoholic or a drug addict A spendthrift Likely to marry […]
The Role of a Guardian appointed by a Will
The role of a person appointed as Guardian in a Will is to raise the children. Nothing else. The exception would be when the guardian is also appointed as the executor and trustee. Otherwise, the guardian does NOT get to manage the children’s inheritance. It’s the trustee that is solely responsible for management of the […]
Executor and trustee of a Will
Who can be an executor? Any person over 21 years of age can be an executor including someone who is a beneficiary in the Will. Ideally an executor should be someone who is capable of managing money. Lawyers may be engaged to help with the Probate process. However it is the executor that must be […]
Must I draw up a list of assets before making a Will?
Last week we were asked ‘Do I need to completely list out the property (sic) to you when making a will?’ This question has come up before. It is time we discuss this more instead of just putting the answer in our FAQ section. No need for a list of assets Some people will advise […]