Making a will
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Has anyone made a will before? How do you go about it?
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o_O
Why?
Ahem...you're not gonna die are you?
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I dunno...
but have u found ur way yet???
Coz I heard,
When there's a will, there's a way~
so if U got way, sure can find will de...
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google it
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Originally posted by littlemissbonkers:
o_O
Why?
Ahem...you're not gonna die are you?
No, I hope to die, but not my time yet.
Thanks for asking, lol!
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Anyway, is the will affected by actions of suicide?
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Why do you hope to die?
Depression ah?
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Originally posted by Frustrated_guy:
Anyway, is the will affected by actions of suicide?
Eh go and see a shrink la -
no no.. where there is a will, there's a relative...
but seriously, go see a lawyer.. he'll do the necessary including making the will legally binding and all that...
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Originally posted by littlemissbonkers:
o_O
Why?
Ahem...you're not gonna die are you?
when you gonna die, then do will is too late already
everyone should do a will as early as possible
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Don't just go to any lawyer. Go to the lawyer that specialise in Wills.
They usually has a Will template .. then you amend it according to your will.
Better to do it now, than later.
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but you must make sure you've things to leave behind u know
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Originally posted by jojobeach:
Don't just go to any lawyer. Go to the lawyer that specialise in Wills.
They usually has a Will template .. then you amend it according to your will.
Better to do it now, than later.
Actually, you're right. Doing a will now is better than later.
jojo, have you made 1?
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Originally posted by Frustrated_guy:
Actually, you're right. Doing a will now is better than later.
jojo, have you made 1?
Ofcors. Long time ago. Everyone in my family have theirs.
Don't forget you also need to update beneficiaries for your CPF/insurance too.
Always keep the Will updated.
So that there be no dispute among the living when you leave this world in peace.
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Get a registered lawyer to draft it and you sign it before 2 witnesses who must be people not included in the will.
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Originally posted by jojobeach:
Ofcors. Long time ago. Everyone in my family have theirs.
Don't forget you also need to update beneficiaries for your CPF/insurance too.
Always keep the Will updated.
So that there be no dispute among the living when you leave this world in peace.
I've checked CPF. It does not supersede a will, neither does a will supercede CPF.
I have a question. If I died, how will the law firm know? Will they contact the appointed executor(perhaps a relative) automatically?
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Originally posted by Frustrated_guy:
I've checked CPF. It does not supersede a will, neither does a will supercede CPF.
I have a question. If I died, how will the law firm know? Will they contact the appointed executor(perhaps a relative) automatically?
Do check with your lawyer these details. They are also suppose to make sure your Wills can be legally executed.
I do inform my executor of the Will, and I appoint someone whom I trust and is capable of handling my Living Trust.
Typically a death cert starts the execution process.
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Originally posted by Frustrated_guy:
I've checked CPF. It does not supersede a will, neither does a will supercede CPF.
I have a question. If I died, how will the law firm know? Will they contact the appointed executor(perhaps a relative) automatically?
i heard of this place before that we should let the Wills Registry know about the presence of a Will:
Deposit of Information with the Wills Registry
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Originally posted by BanguIzai:
i heard of this place before that we should let the Wills Registry know about the presence of a Will:
Deposit of Information with the Wills Registry
Yah.. after you finalised the Will, then the lawyer will submit to the registry.
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LoL.. Will only if u have assets. Its not that u cant make a will if you only own a car.
But when u deal with wills, u deal with trusts too.
And when u deal with trust, u make sure your 3 certainties are met. Or else ur trust may fail and fall over. You dont want the courts go trying to construe ur trust otherwise. If thats the case, it may become a resulting trust or a constructive trust.
Then there are issues of trust powers.
But since u are just asking about wills , if u are under 21, ur will is invalid.
Is ur will a gift ? Whether u give a gift inter vivos or by will, u make sure you also satisfy the requirements. e.g signature and attestacy.
Just make sure whoever attest to your will is not a beneficiary, or ur will will fail.
Gifts requirements.
And if u need to add something to ur will, you can add a codicil, which not many ppl do nowadays, but that can fall within ur will and be valid.
Make sure ur will when executed by ur trustees are clear in terms of intention , subject matter and object. U dont want ur will to fall over and become intestate, if that happens, all goes back to ur estate, and will try look for next of kin. If no next of kin, goes to the state.
So thats the basic Wills and Trusts for u.
And ya.. submit to the registry, so they know of ur intention. And at least the state has a copy to prevent unpleasantries.
Most lawyers can do Wills and Trusts, so pop around to ur nearest lawyers. LoL!
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I need a will and a fast one. Need to distribute my liabilites equally among my loved ones.
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Originally posted by BadzMaro:
LoL.. Will only if u have assets. Its not that u cant make a will if you only own a car.
But when u deal with wills, u deal with trusts too.
And when u deal with trust, u make sure your 3 certainties are met. Or else ur trust may fail and fall over. You dont want the courts go trying to construe ur trust otherwise. If thats the case, it may become a resulting trust or a constructive trust.
Then there are issues of trust powers.
But since u are just asking about wills , if u are under 21, ur will is invalid.
Is ur will a gift ? Whether u give a gift inter vivos or by will, u make sure you also satisfy the requirements. e.g signature and attestacy.
Just make sure whoever attest to your will is not a beneficiary, or ur will will fail.
Gifts requirements.
And if u need to add something to ur will, you can add a codicil, which not many ppl do nowadays, but that can fall within ur will and be valid.
Make sure ur will when executed by ur trustees are clear in terms of intention , subject matter and object. U dont want ur will to fall over and become intestate, if that happens, all goes back to ur estate, and will try look for next of kin. If no next of kin, goes to the state.
So thats the basic Wills and Trusts for u.
And ya.. submit to the registry, so they know of ur intention. And at least the state has a copy to prevent unpleasantries.
Most lawyers can do Wills and Trusts, so pop around to ur nearest lawyers. LoL!
You sound like a laywer or someone equipped with the knowledge. Nevertheless, thank you for the vaulable information.
It's nice to know that even after I pass on, everything can be executed nicely :)
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check out the Legal Aid Bureau (google this). they provide service to draft legal documents, although i'm not sure if this includes a will. you may like to call their toll-free number to ask.
i also intend to draft a will. hope to die too.... with a will on hand, i'll be ready to die when a good opportunity comes my way.
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Hmm. I don't have assets, but I do have things. Lol. When I die, I want my items to be sold and given as money to my family. How do I go about doing that? I've written a rough draft of a will and I don't know how much a lawyer will charge. I'm still young, only 22, so I don't have much in my CPF either. I understand that CPF money would be given to the spouse, and if I'm not married, can I arrange for it to be given to my parents?
Thanks in advance
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Originally posted by ���ら�:
Hmm. I don't have assets, but I do have things. Lol. When I die, I want my items to be sold and given as money to my family. How do I go about doing that? I've written a rough draft of a will and I don't know how much a lawyer will charge. I'm still young, only 22, so I don't have much in my CPF either. I understand that CPF money would be given to the spouse, and if I'm not married, can I arrange for it to be given to my parents?
Thankn advance
For your CPF.. you hav to update the beneficiaries.
I don't think all your CPF automatically goes to your spouse upon your death.
You can indicate how much in percentage goes to your children / parents / spouse.
But just to be sure.. please check with CPF.
Typically if you have "items" you should have those listed in your will and specify who you want to give it to.
Selling off or not is up to the recipients.
Asking the items to be converted to cash before disbursement is actually more work than it's worth. Unless you have items which are very high in value.. like antiques.. jewelery etc.