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A Will & Testament is a legal document that manifests an individual's wishes in regards to the distribution of assets and the care of any minor children on the occasion of the individual's death. In Tanjong Pagar, Singapore, just as in the rest of the country, this is governed by the Wills Act. It's imperative to ensure you comply with local laws when creating or altering a will to avoid potential disputes or difficulties in the distribution of your estate.
Engaging a lawyer can be especially helpful in assisting you to draft a will that accurately interprets your desires in accordance with the law. Often, individuals may require legal assistance in this area when attempting to navigate complexities that arise from administering the estate of a deceased loved one, if the will is contested, or if you are an executor needing guidance in duties. Lawyers can also provide advice on tax implications and strategies to minimise potential inheritance tax.
In Singapore, the Wills Act governs the creation, alteration and revocation of wills. Some key considerations include that the person making the will (Testator) must be at least 21 years old and of sound mind, the will must be in writing, and witnessed by 2 witnesses who are not beneficiaries or married to a beneficiary. Assets across the globe may be included in the will, but immovable property outside of Singapore may require additional considerations.
Yes, you can write your own will, but it is recommended to seek legal advice to ensure it is valid and clear in its intentions.
If you die without a valid will (intestate), your assets will be distributed according to the Intestate Succession Act. This may not align with your wishes.
Yes, wills can be contested under certain circumstances such as lack of mental capacity when signing, undue influence, or errors in how the will was signed or written.
Yes, you have the right to disinherit anyone except a spouse or children from your will. Legal advice should be sought to ensure this is done correctly.
A will should be reviewed and possibly updated after every major life event such as marriage, birth of a child, or purchase of major assets.
The Public Trustee's Office, under the Ministry of Law, could be a source of information and support. Additionally, the Law Society of Singapore maintains a list of lawyers experienced in this area of law.
If you need legal assistance, identify a law firm that specialises in Will & Testament law and schedule a consultation. Be prepared to discuss your assets, family situation, and your desires regarding the distribution of your estate.
