Topic: Wills
8 posts tagged “Wills”.
DIY Will Kits Versus a Lawyer
Online templates make a will cheap and quick. For a simple estate that can be enough; for anything with moving parts, the savings can cost your family far more than the fee you avoided.
How to Make a Valid Will in Singapore
A will only works if it is valid. The Wills Act sets a short list of requirements — age, writing, signature and witnesses — and getting any of them wrong can undo the whole document.
Choosing an Executor
Your executor turns your will into action — gathering assets, settling debts and distributing what remains. Choosing the right person, and a backup, is one of the most practical decisions in your plan.
Naming a Guardian for Your Children
For parents of young children, the most important line in a will is not about money at all — it is who would raise them. Naming a guardian is a decision only you can make in advance.
Specific Gifts and the Residue
Wills go wrong in predictable ways — gifts that no longer exist, assets nobody was left, percentages that do not add up. Understanding gifts and the residue prevents the most common drafting mistakes.
What Your Estate Actually Is
A surprising amount of your wealth never passes under your will. Knowing what travels inside the will and what travels outside it — including the common puzzle of joint accounts — is the first step to a plan that does what you intend.
When to Update Your Will
A will is not a "write once" document. Marriage, divorce, children and major assets all change who should receive what — and in Singapore, marriage can revoke an earlier will entirely.
Nominations Override Your Will
A will and a nomination can point to different people — and when they do, the nomination usually wins. This single rule causes some of the most painful and avoidable family disputes.