Will Custody in Singapore is a service we provide to everyone who wants to store and safely keep their lawful documents in a private and confidential place.
After you have drafted your Will, the next decision is to keep the Will so that your executor can easily find the original documents whenever needed. Not getting hold of your Will's original copy can end up being a nightmare for your beneficiaries both emotionally and financially.
What do you need to consider while storing your Will to some agency?
Safety is our foremost priority while considering deciding where to store your Will. Will copy should be kept in a safe and secure place where it doesn't get easily destroyed. A damaged Will could have illegitimate corrections, smudged ink, or even torn pages, which may result in a dreaded legal contest over your Will's validity. It is also vital that your executor knows where it is kept and has easy access to you upon your demise.
Should you keep your Will in a safe deposit box with financial institutions?
No, never store your Will in a safe deposit box with lending institutions unless the deposit box gets jointly managed and the survivors are authorized to access it. Otherwise, the foundation will freeze the deceased's account until a court order is given for the estate to access the deposit box.
Will Custody Service
Professional Will Custody Services in Singapore can help you keep your Will in a safe and secure environment in exchange for a small fee. It typically costs around $80 per year or $800 for lifetime custody.
Wills Registry Singapore
The Public Trustee maintains the Wills Registry, and it allows individuals to deposit information of their wills for a small fee of $50. They will be kept in the Will Registry system for 120 years from the date of birth of the person making the Will.
The following information is regarding the Will documents under Will Registry:
Get all the details of the person who is making the Will.
Date of the Will when the person has made it.
Keep the complete information of the person who drew up Will and also his agency's details.
Keep information about where Will's documents are stored.
However, the Will Registry does not keep a copy of the actual Will. We encourage individuals to utilize the Will Registry service to make their loved ones aware that you have made a Will. Hence, choose Singapore Probate Lawyer’s Will Custom Services and learn anything about Wills and Probate Lawyers in Singapore. Please call us, or you can also view our website.