Writing a will is not just for tycoons looking to head off family feuds over inheritance. It is, in fact, a legal tool that is useful no matter where you stand on the socio-economic scale.
And perhaps best of all, writing a will is very affordable, but there are some associated costs that you need to be aware of.
Here everything you need to know about writing, storing and executing your will in Singapore, and what happens if you don’t have one.
What Is A Will And Why Should You Write One?
A will is a legal document that contains instructions regarding the distribution of property and assets, as well as care of dependent children, after one’s passing. Provisions for special circumstances may also be included, if desired.
These instructions will be carried out by the executor of the will (an individual or entity especially appointed to the task) — to the extent it is lawful and possible to do so....