Best Estate Planning Lawyers in Changi

About Estate Planning Law in Changi, Singapore

Estate Planning in Changi, Singapore involves the legal and financial organization of a person's assets for their distribution after death. It includes the setting up of wills, trusts, power of attorney, and health care directives. Estate Planning in Singapore is governed by the Inheritance Act, Trustees Act, Conveyancing and Law of Property Act, and the Wills Act. It is essential to understand these complex laws to ensure that your assets are distributed according to your wishes, and legal and tax implications are minimized.

Why You May Need a Lawyer

If you own properties, have financial investments, or a business to your name in Changi, you may need to consult a lawyer for estate planning. This is particularly important to avoid potential disputes over the distribution of your assets among your heirs. Lawyers can also help you structure your assets in a way that may minimize tax implications and ensure business continuity. Additionally, if you are an expatriate living in Changi, there are complexities around jurisdiction that a lawyer can help you navigate.

Local Laws Overview

The main legal statutes involving estate planning in Singapore include the Wills Act, Probate & Administration Act, and the Mental Capacity Act. The Wills Act provides for how a valid will should be prepared and administered. The Probate and Administration Act provides for the administration of lands, where a person died leaving a will. The Mental Capacity Act comes into play where a person is unable to make decisions due to a lack of mental capacity, and allows another person to make decisions on their behalf.

Frequently Asked Questions

1. Can I write my will myself?

Although it is legally possible for you to write your own will, it is advisable to seek legal advice to ensure your will is valid and reflects your intentions accurately.

2. What happens if I die without a will?

If you die intestate (without a will), your assets will be divided according to the Intestate Succession Act of Singapore.

3. Can I avoid probate in Singapore?

Probate cannot be avoided in Singapore, it is a legal process by which a will is proven in a court of law and accepted as a valid document controlling the distribution of assets.

4. Who can be a trustee?

Anyone above 18, who is mentally capable and not a bankrupt, can be a trustee in Singapore.

5. Can wills be contested?

Yes, wills can be contested in Singapore under certain conditions, like if there are doubts over its validity or the mental capacity of the testator at the time it was made.

Additional Resources

For more information on Estate Planning in Singapore, you can refer to the Legal Aid Bureau, the Law Society of Singapore, or the Ministry of Law, which provide various resources and guides on estate planning and related areas.

Next Steps

Seek legal advice: If you're considering setting up an estate plan, seek legal advice from a qualified lawyer who specializes in estate planning in Changi, Singapore. Be prepared with relevant documents such as details about your assets and beneficiaries.