Drawing up a will is an important part of estate planning that allows your assets to be distributed based on your wishes. To ensure your peace of mind, you may wish to seek professional help to draft this legal document. In this article, we have gathered the information and outlined the cost involved in engaging the top providers of will writing services in Singapore.
Whether you are a wealthy business person or an everyday Singaporean facing the uncertainties of life, writing a will is an important part of estate planning. This legal document details which individuals will gain specific assets or be responsible for certain affairs upon one’s death. Drawing up one’s last will and testament does not need to be complicated, although most people come to a lawyer for this important service. In order to guide estate planners in finding the document drafting services that fit their needs, we have created a list highlighting not only the top providers of will writing service Singapore, but also the cost involved in engaging them. Read on! If you’re looking for cheap will writing Singapore, there are affordable options available.
Significance of Will Writing
Why do you need a will? One common saying goes thus: “Where there’s a will, there’s a way.” The idea of having a will (and testament) strongly revolves around the philosophy that we should have domain over our properties and assets and decide on the matters before our death. In a sense, it’s the modernistic way of the memento mori (Latin for “remember that you will die”) theory. In Singapore, the role of the will appears to be more or less the same, with a few additional snippets, notably serving as guides and assisters to the rightful distribution of the decedent’s estate among the beneficiaries. With a will prepared and existing at the time of the testator’s death, all legalities and administrative tasks can be done much, much more easily, facilitated by the appointment of trusted individuals as the executor. With this, it’s possible to home in to the person also mentioned in the will to manage the testator’s affairs and administer the assets and estates that seem to be accrued at times of death.
Some actuary practices have surfaced today, which encourage at the very most a review of wills at the time life events such as marriage, childbirth, and property purchase occur. As a result, your attorney can better help you determine the strategies that your will can take into account as events dictate. At the very least, there should be some landmark at which the rat trap seems to be sprung, leading to the drawing up of your first will. Bear in mind that the next life event is death, and that would do great disservice to those left behind concerning your estate if any will isn’t written. It’s also utterly significant not to base the notion of a life event too much on the uniqueness of occurrences, and thereby having a very optimistic assumption of how sensible one’s life has panned out. A will writing service in Singapore can help you create a legally binding document.
Understanding Will Writing Services
Will writing ensures your assets are distributed according to your wishes. These services provide in-depth consultation to help clients consider their life situation, their resources, their beneficiaries, as well as their personal wishes before creating a set of legal documents to direct the distribution of the estate. They are also aware of the difficulties and complexities of will writing as well as familiar with non-contentious probate work, the law of intestate succession and probate and administration rules. Providing these services, Singapore’s best will writing service providers are available without burning a big hole in the client’s pocket.
By and large, will writing services, especially if there is very little limit to the assets and property you wish to give, would also require individuals to consider other technical areas of their will that they did not know existed. Ideally, will writing services are discreet, can re-evaluate the content of existing wills, and upon appointment will visit a personal participating client on his/her own suitable timing in the comfort of his/her own home, including Sundays where possible.
Top Will Writing Services in Singapore
It’s important that you consult professional opinion and will writing services as your will is relevant for your family, guardianship of young children, and distribution of your assets.
Creating a will to whom will your assets be passed down to and who will be in charge of future decisions is an important action. With greater awareness created, many people are now opting to engage Will Writing Services to create their statements.
Watershore has been an established estate planning services group in Singapore with a highly comprehensive coverage of services. Services include will writing, will custody, power of attorney, trust, and corporate services. For those who have a budget for this type of expense, they can also opt for their single trust or double trust plus will writing – you ask, Watershore will provide. Although the price of the will writing can be quite expensive, for the absence of dispute and difficulties faced by your loved ones in settling your estate, it’s a worthy investment for such services. Do check out the other charges available should you require other estate planning services from Watershore.
Criteria for Choosing a Will Writing Service
When picking a will writing service in Singapore, you should consider the following points. First, you should ensure that they are legally qualified. Engaging a legal firm that specializes in probate will be most advantageous. When you write a will, you are anticipating that your beneficiaries will have to execute the will upon your death. This means that they need to act in accordance with the terms of the will. Specifically, the Singapore Academy of Law recommends that you obtain your lawyer’s advice when you require assistance in drafting a proper will.
Another point to note is that many people equate low price with good service, especially with will writing where many see it as a quick task to complete. This will definitely be a mistake. Lawyers who are extremely knowledgeable in drafting wills tend to charge a higher fee but do not be ruled by price. Another point for your consideration is whether you require will drafting or other services.
Many clients require other complementary services including provision of advice and assistance of the process upon the client’s death. Your service provider should be adept and experienced with the legal and administration process following a bequest. The beneficiaries should engage the same firm to assist them through this process beginning from the application for the Grant of Probate (or Administrator) to the transfer of the assets to the beneficiaries in accordance to the deceased’s intentions being encompassed in the will. The above pointers should help provide a general guideline for you to follow. Knowing what to look out for will help you make the most well-informed decision.
Benefits of Professional Will Writing
Engaging in a professional will writing service provider for preparing a will may cost you some time and money, but you can feel confident that your will is in accordance with the law and there are no uncertainties and ambiguities. A well-drafted will can spare your loved ones significant headaches and expenses. Contemplating the benefits of a professionally written will can change your mind about the seemingly unnecessary expense.
Just like purchasing a house, a holiday, insurance, dentistry, and health – people perceive spending on all these as a responsible thing to guarantee comfort and security in a trouble-free manner. Establishing a professionally drawn will also secures the future of your loved ones and possessions when you die or become mentally incapable. A will is a legal document that speaks on your behalf, and with a professionally written will, the court is positive about your intentions and will work according to what is legally laid out. With a professionally written will, your wishes are precisely laid out and it is less prone to discrepancies in the Succession Act. A well-drafted will can avert potential disputes between the heirs.
