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Will Writing
Singapore
City Funeral Singapore Pte Ltd.
Will Writing Singapore
Today, our topic is Will Writing Singapore. Or you can say Will Planning Singapore.
We will discuss the comprehensive guidelines to write a Will in Singapore. Are you a divorcee, unmarried single, or a married with children? No matter who you are and in what stage of life you are, Will writing is necessary for everyone.
Now, what is a Will? Why anyone should need a Will? How to write a Will in Singapore? How much it costs? Yep, everything will be answered in this page.
Now, Will writing is not your necessity but it is your responsibility. For example, you may wish to distribute funds to family members who require financial assistance, sell a property to make loan repayments, and/or appoint a testamentary guardian to care for your children after your death.
Therefore, let us deep dive into the Will Planning/ Will Writing Singapore.
A Complete
What is a Will?
A will is a legal document that specifies how your property should be distributed after you die. Without a will, your property may be distributed to someone other than the person you intended to inherit it.
A will isn’t just for people with a lot of money. It can also help those who live on fixed incomes and/or have few or no assets. Personal belongings such as jewellery, art, and other heirlooms can also be distributed through a will. For instance, if you want a specific piece of jewellery to go to one of your grandchildren but not the other, you can specify this in your will.
A will should list all of the property that the testator owns. For example, their debts, as well as any provisions they wish to make for their spouse, children, or other beneficiaries. It should also name an executor who will carry out the wishes expressed in the will after the death of the testator.
Explore the Best
Will Writing
Packages Singapore
(Updated 2023)
Silver
- Primary Executor x 2
- Secondary Executor x 1
- Guardian x 1
- 5 Gifts
- 25% off if Modification required at later date
- Safe keeping charges flat $SGD200/year
Gold
- Primary Executor x 2
- Secondary Executor x 2
- Guardian x 2
- Advanced Medical Directives
- Lasting Power of Attorney
- 10 Gifts
- 25% off if Modification required at later date
- Safe keeping charges flat $SGD200/year
Platinum
- Primary Executor x 2
- Secondary Executor x 2
- Guardian x 2
- Advanced Medical Directives
- Lasting Power of Attorney
- Unlimted Gifts
- 50% off if Modification required at later date
- Safe keeping charges flat $SGD200/year
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Will Writing
Services Singapore
Formalities for Writing a Will in Singapore
Wills are governed in Singapore by the Wills Act, which states that a testator may devise, bequeath, or dispose of his real or personal estate through a will. The legal requirements or formalities of writing a will in Singapore are as follows,
- A Will always is in written form only,
- The Testator (On whose behalf the Will is being written) should be at least 21 years old,
- The testator must sign the will at the footer of the will,
- There must 2 witness who will witness the creation of the Will,
- The witnesses cannot be the beneficiaries, or spouse of the beneficiary,
- Separate set of laws applicable to the Muslim people of Singapore and we will mainly focus on Non-Muslim people.
Benefits of Will Writing in Singapore
In this section, we will learn about the benefits of writing a Will in Singapore. The benefits are as follows,
- You can decide who enjoy the ownership of your estate or any other personal assets. Without a written Will, your properties, estates, bank monies, stocks, shares or any other assets or personal belongings will be distributed to the successor as per Intestate Succession Act of Singapore. Therefore, in that case you cannot choose whom to provide your assets. But, with a written will you can choose who should be the correct successor of yourself.
- You can appoint a guardian for your children. Often, in case of your pre mature death the Court will appoint a guardian of your minor children. The person may be inappropriate for the same. But, with your Will you can clearly specify who will take care of your minor children. Therefore, the person you trust can be chosen as the guardian of your children which is absolutely peace of mind.
- You can appoint a person who can act on your behalf after you pass away. To elaborate, the Executor is the person who will execute your will on your behalf when you pass. We work very hard to obtain what we have in our lives. We want someone we can rely on to manage our estates and distribute them in accordance with our wishes. A personal representative acts as the executor of the will and is in charge of ensuring that your beneficiaries receive their rightful portion as per Will. Without a will, your personal representatives (usually the deceased’s next-of-kin, husband, or widow) will be appointed by law, and they may not be the best people to carry out your wishes.
- You can decide about your funeral wake arrangements. This is the trickiest part. It is not like that we just include the point as we are a funeral services company. This point is very important. Because, with a Will you can even pre-plan your funeral wake arrangements. Therefore, it is great option to customize one’s own funeral as per their likings. In conclusion, we must include that you can pre-plan the funeral expenditures also.
- You can ease the burden of your family members. The loss of a loved one is one of the most difficult times in our lives. Having a will reduces the likelihood of disagreements among family members, allowing them to mourn their loss in peace without having to negotiate with lawyers.
Common Misconceptions about Will Writing Singapore
Here we will describe the common misconceptions about Will Writing Singapore. Actually, there are many misconceptions about a writing a Will. For example, whether you really need to write your will? Or, when should you write your will? Therefore, you may find yourself in confusion whether it is necessary or not. Hence, we will demystify all Will writing misconceptions. And, the same as follows,
- Will writing is only necessary for old people. This is the most popular misconception about Will Writing in Singapore. But, this is wrong. As you only need to be at least 21 years old to write your Will in Singapore. Will writing is kind of preplanning and anyone who is 21 years or more pre-plan their future likings & dis-likings.
- Will Writing in Singapore is very expensive. This is the next misconception about will writing. This is also wrong. Our founder Alverna Cher who had written almost 1500 will till date offers Will writing services in Singapore starting from $SGD98 only. In addition, there are several options available to create a will without breaking the bank.
- All wills are same. Although, the basic concepts are same, but there are several different kinds of will with minor changes. Therefore, in terms of legality there are different kinds of wills.
- The process of Will writing is very difficult. Now, will writing may seem difficult to common individual. But, the same is very easy for a lawyer or certified will writer. All you have to do is to specify your requirements and they will in turn prepare the Will.
- Wills are unchangeable once written. This is the last and final age old misconception about Will Writing. You have written your will and you cannot make further changes. This is also false. To conclude, with the help of a lawyer or certified will planner you can modify your previously written will.
Checklist for Will Planning Singapore
Here, we present a comprehensive checklist for writing a Will in Singapore. Actually, whenever you write a Will for yourself you must consider the below mentioned points in your mind. The same are as follows,
Estate Planning
Estate planning is all about planning the successors of HDB flat, private apartment, or any other land or building you own.
Beneficiaries
You must now decide who will receive your estate after taking into account the size of the inheritance you intend to distribute. They are referred to as beneficiaries, and they could be your partner, your parents, your kids, or even charitable organisations.
List of Assets
Apart from land & building, any other kind of assets you own like vehicles, Jewelry, Furniture, antiques, investments like stocks, shares, life insurance policies comes under this section.
List of Liabilities
Any liabilities like short term or long term loan secured by mortgage of properties or any unsecured loan, statutory dues, hire-purchases, credit agreements comes under this purview.
Executors
Executors are the persons or organizations who will execute the Will when you die.
Advisors
Through, Will Writing Singapore you can also recruit advisors for your family who can guide your family in taking any decisions while you are not present. It is kind of expert advice for your family.
Funeral & Organ Donation etc.
Last but not the least, you should take care how people will arrange your funeral. You can also decide to donate to your organs for medical research or to someone whose life may be saved with those organs.
Where should I store my will?
Consider that Will of yours had been prepared. Now, where to store your Will. Most of the people store the Will in Safe custody (usually safe/locker) in their home. In some countries, bank offer safe custody of articles in their strong room. However, some businesses also offer Will Custody services known as the custodian of your Will. Therefore, it depends upon you where you will store your Will. However, you must take care of the following points while storing the Will,
- Confidentiality,
- Safe from fire, water or any other natural calamity,
- Theft,
- Easily available when required,
- Prevention from tampering,
- Free from accidental or deliberate damage.
What Happens If I Die Without a Will?
If you don’t create Will, you will have no influence over what occurs to your property when you die away if you decide not to create a will. This is due to the fact that your estate will, by default, be divided in accordance with Singapore’s Intestate Succession Act (ISA), which may not reflect your preferences.
For instance, if you are married with kids and die without a will, your inheritance will be divided equally between your spouse and kids, at a rate of 50% each. This is acceptable if your spouse and children are the only beneficiaries of your estate.
Can I amend my Will after it is written?
Actually, we have already discussed that this is one of the misconception about Will Writing. Therefore, you can amend a Will as per your need through proper legal process any time you want.
Will my CPF Money is covered under my Will?
If you want your CPF funds to be dispersed in accordance with your intentions after you pass away, you must file a CPF nomination because they are not covered by your will. The percentages you provide in your nomination will be distributed to each nominee.
Alternatively, the Public Trustee’s Office will receive your CPF savings and distribute them in accordance with the Intestate Succession Act’s regulations.
Do You Need a Lawyer/ Attorney to Draft a Will in Singapore?
Yes, you need a Lawyer/ Attorney to draft a Will in Singapore. However, the same is also another misconception. Hence, a Certified Will Planner can also plan or write Will on behalf of you.
Economic Will Writing Services Singapore
If you are looking for Will Writing Services in Singapore, City Funeral Singapore absolutely suits your need. Our certified Will planner Alverna Cher had written 1500+ wills till date. Our Will Writing Services in Singapore starts from $SGD98. That is why, we are saying our Will Writing Package Singapore is the most economic package.
Cost of Will Planning/ Writing in Singapore
The cost of Will planning or Will writing costs around $SGD200 to $SGD400. However, our Will writing package starts from only $SGD98.
will in order to make sure that your possessions and loved ones are taken care of as you wish when you die away. Although intimidating, establishing a will is an essential step in ensuring your future and providing assurance for your loved ones, who can refer to it as a guide in the event of an unexpected incident. One of the finest ways to start the will-writing process is to locate a qualified will writer in Singapore who has received certification from the Law Society of Singapore. And, City Funeral is committed to provide you the highest quality of services in case of Will Writing also.
We work very hard to obtain what we have in our lives. We want someone we can rely on to manage our estates and distribute them in accordance with our wishes. A personal representative acts as the executor of the will and is in charge of ensuring that your beneficiaries receive their rightful inheritance. Without a will, your personal representatives (usually the deceased’s next-of-kin, husband, or widow) will be appointed by law, and they may not be the best people to carry out your wishes.
Adam
Therefore, if you need Will Writing Packages, City Funeral Singapore is ready to serve you.
