Online Will Writing Services in Singapore: The Ultimate Guide

Most of us care more about what happens when we’re alive rather than when we’re dead. But even if you’ve set aside assets or bought life insurance policies for the sake of your loved ones, your job is not thoroughly done. Singapore Probate Lawyer provides Online Will Writing Services in Singapore to their clients and provides sound knowledge and advice at every step of the process.

Your Will be the final piece to the puzzle. You don’t want the law to decide who shall receive your assets. When a lawyer writes a will in witness of other people, it will be securely in a safe place. You’re still able to change the details along the way.

But upon death, the executor you’ve appointed will gather all the necessary documents, including the Will, and apply for the Grant of Probate, court order to formally give control to the executor to carry out the wishes in the Will. Our firm’s lawyers are very professional and provide sound advice to their clients. We help our clients in giving them the best Online Will Writing Services in Singapore.

The executor will then carry out estate administration duties such as creating an estate bank account, paying off debts and liabilities, and distributing any remaining assets according to the Will and any other instructions.

What is a Will?

A Will is a legal document that spells out how your estate assets will get distributed after death. The main benefits of having one are the ability to specify detailed instructions to be carried out and receive the inheritance.

What If You Die Without a Will?

The question of whether a Will is necessary always comes up. Whether you’re single, married, or have kids, do you need it?

And to answer this question, a comparison between dying without a Will and dying with a Will has to be done. Because you didn’t specify your wishes through a Will, the law will decide how to distribute your assets for you. This situation may allow unintended parties to receive your assets. At the same time, intended parties such as your parents may not receive anything at all.

Also, dying without a Will may incur higher costs and a longer time taken for your loved ones to receive the proceeds.

Here’s what it can do:

• Specify who receives what.

• Avoid messy fights and disputes amongst family members.

• Appoint a guardian to take care of young children.

• Lower costs incurred.

• Instead of paying out a lump sum, create a testamentary trust to stagger payouts at different ages or pay a monthly amount or more.

The Different Roles in a Will

There are a few people involved when a lawyer writes a will, and they’re all important.

Testator

1. A testator is just a fanciful name for the person who’s making the Will.

2. He/she should be at least 21 years old and be of sound mind.

Executor

After death, the executor is perhaps the most important figure.

He/she would be named in the Will to handle all estate administrative tasks such as applying for the Grant of Probate, going to various financial institutions to withdraw money, paying off debts and liabilities, distributing assets, and more.

Thus, our firm provides our customers cost-effective solutions and tries its best to wrap up the case as quickly as possible. If anyone in your circle wants to know about Will Writing in Singapore, tell them about our company. You can go through our website or call us on our official number.