Will Custody

The Precepts Will Custody service ensures the safekeeping of your Will, giving you peace of mind and eliminating worries about tampering, misplacement, or loss. Our Will Custody service protects your Will, even if you change addresses or face other life events.

While you can keep your Will yourself, many people find that they misplace it over the years. Often, individuals lack a secure place to store this important document, or they hide it so well that no one knows where to find it after they pass away. Additionally, testators may become senile, ill, or simply forget to inform the right parties of the Will’s location.

We store all our clients’ Wills with our trusted custody partner that specialises in data security. This ensures that your Will is kept in a secure and confidential environment. Thereby, guaranteeing that your Will can be easily retrieved when needed, providing you with a peace of mind.

There are 2 types of Will Custody to suit your objectives:

Annual Custody: $130.80 (GST included) with a 20% discount on future rewrite fees.
Premium Lifetime Custody: $1308 (GST included) with a 30% discount on future rewrite fees.

Both options come with an E-Custody card that you could forward to your Trusted persons to inform them that you have crafted your Will and safekept by PreceptsGroup.

To retrieve your Original Will, complete our Will Retrieval Request Form and send it to us via email, mail, or fax along with a copy of your NRIC for verification. We will retrieve your Will and inform you when your original Will is ready for collection at our office. If you are unable to collect it personally, you can authorise someone to do so on your behalf. For assistance, please contact your ESP.

For our Premium Lifetime Custody service, there is no expiry date, providing you with lifetime coverage.

For Annual Custody, we will send you reminder letters as the expiry date approaches. The amount stated on the Custody Statement should be settled by the expiry date. We offer a one-month grace period from the expiry date for you to decide whether to continue with the Custody service with Precepts or to retrieve the Will for your own safekeeping.

The Annual Custody service will renew automatically once the grace period ends. Any outstanding fees will accumulate, and the full amount must be paid before any retrieval or rewrite.

Please note that your Will remains under our Custody service should you request a retrieval without collecting the Will from our custody department. The Will Custody service only ceases when you have collected the Will and we have received an acknowledgment of receipt. If the original Will remains uncollected, the annual custody fees will renew automatically.

Yes. We do keep Wills that are written by external parties. There are two Will Custody options for your clients to choose from:

National Annual Custody: $163.50 (GST inclusive) with custody card
National Lifetime Custody: $1308 (GST inclusive) with custody card

Both options come with an E-Custody card that you could forward to your Trusted persons to inform them that your Will is safekept by PreceptsGroup.

In this instance, you are not entitled to the Will rewrite discount offered by Precepts as this is a special benefit for Wills clients of Precepts. The Will will be considered as a new Will written with Precepts. Subsequently, when you decide to rewrite your Will, you can then enjoy the Will rewrite discount.

National Lifetime Will Custody clients may convert to Premium Lifetime Custody with a top up S$436.00 (inclusive of GST). After conversion, you can continue keeping your Will and any subsequent Will rewrites with Precepts will be subjected to our standard Will writing fee. You will also enjoy 30% rewrite discounts for subsequent Will rewrites.