Will Writing in Singapore? Know This Before Naming an Executor

Death is unfortunate and a reason for family and friends to suffer. But what can reduce the suffering of your loved ones is a fairly written will with the right distribution of your property and assets. Will is an important (legal) document that will help you ensure your estate (personal belongings, property, and finances) goes to your family, loved ones, or other beneficiaries after your death.

You have the choice to appoint someone you trust as your estate executor. The person will be your representative after your death and will distribute your belongings as per your wishes. If you are thinking of writing a will in Singapore or choosing someone as your executor, there are some things you need to know. You can also read this article if you are named as an executor in a person's will. Let us get started. 

What Are the Duties of The Executor of a Will in Singapore?

The executor will take over the management of your personal assets after our death. They will be responsible for taking every action to distribute your property to the people you want. The duties of an executor require the following:

• Getting copies of the death certificate of the will owner.

• Notifying will beneficiaries about the person's death.

• Filling will be copied at the local probate court that handles the concerned distribution.

• Contacting the insurance companies.

• Making sure the assets are distributed to the beneficiaries.

What Are the Qualities of a Good Executor?

If you are choosing an executor, it means you are choosing your representative. So, you need to find someone that

• Trustworthy

• Financially responsible

• Have good health

• Respected by beneficiaries

• Have a clear track record

It would be better if they lived in the same area as that you. If you are thinking, can will executor be the beneficiary? Yes, a beneficiary can be an executor, but most of the time, close ones are overwhelmed with death and busy with death rituals and other responsibilities. Some people like to name their spouse or eldest child as the executor of their estate, while others hire professionals for this purpose.

What Do You Do If You Don't Want to Be an Executor?

Being a will executor requires time and a wish to help. If you are not comfortable, you can clearly say NO! The person can simply name someone else as their executor in the will. If the person is already dead and you are struggling or want to refrain from your responsibilities as an executor for any reason, it's okay. You can ask the probate court to assign a legal professional to help you with the duties. For more on this you can contact a will lawyer in Singapore.

What Should You Have as An Executor?

If you are an executor, you will need to have all the important information about the deceased. You should have information on their bank account numbers, insurance policies, retirement benefits, property details, online accounts, etc. 

Owners need to decide how this information will reach the executive. An executor can discuss these things with the owner in advance. 

Conclusion

If a person dies without any will or executor, someone from the family will need to apply for the role in court. If no one comes forward, the court will reach out to close family members. If you want to write your will, NobleWills is an online service where you can do so. For will writing in Singapore, reach out to their website now!

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