Personal
Will Writing Services
Will Writing in Singapore
At PreceptsGroup, we understand that crafting a comprehensive and legally sound Will is a crucial step in securing the future for you and your loved ones.
Our Will Writing Services are designed to guide you through this important process with expertise, empathy, and precision.
A Will is both a love letter and an effective Estate Planning instrument. It is a legal document where you list down your wishes on how your assets are to be distributed. It also specifies the persons whom you entrust with the responsibility of taking care of your assets and the proper distribution to your beneficiaries upon demise.
For parents with young children, you can also decide the best person to act as the children’s legal guardian in the unfortunate occasion where both parents are not around.
Writing a Will in Singapore is an important step of taking charge of your wealth distribution. A Will is an important legal document that outlines your wishes regarding the distribution of your assets and the care of your dependents after your death. While the specific reasons for creating a will may vary depending on your individual circumstances, here are some general reasons why you might consider doing your will in Singapore:
Be Prepared
Why You Need a Will in Singapore
Asset
Distribution
Guardianship
of Dependents
If you have minor children or dependents, a Will enables you to appoint a Guardian to take care of them in the event of your death. This can be crucial for their well-being and ensures that someone you trust will be responsible for their upbringing.
Choice
of Executor
You can nominate an Executor in your Will, who will be responsible for managing your estate and carrying out the instructions in your will. This should be someone you trust and believe can handle these responsibilities. An option you can consider is to appoint a licensed Trust company like Precepts Trustee to act as the corporate Executor in a time of distress.
Avoiding
Intestacy Laws
Tax
Planning
A well-structured Will can help minimise the tax implications on your estate. Estate planning can be complex, and consulting with a professional can help you make informed decisions to minimise tax liabilities.
Charitable
Giving
Efficient
Probate Process
Having a clear and valid Will can simplify the probate process for your beneficiaries. It provides a legal framework that helps expedite the distribution of your assets and reduces the administrative burden on your loved ones.
Peace
of Mind
Our Approach: Tailored Solutions for Your Peace of Mind
Every individual’s situation is unique, and our team of experienced professionals is dedicated to creating personalised Wills that align with your specific needs and wishes.
We go beyond standard templates, taking the time to understand your family dynamics, financial considerations, and any special requests you may have.
Why Choose PreceptsGroup for Your Will Writing Needs?
Our Will Writing Process: Simple, Transparent, and Efficient
Consultation-based approach
Our journey begins with a free initial consultation.
It is an opportunity for us to understand you better while you explore the tailored solutions we provide.
Engagement
After the complimentary consultation, any further engagement is solely at your discretion.
When you choose to proceed, a deposit initiates our joint effort to kickstart your comprehensive plan.
Expert Guidance
Our team consists of legal experts well-versed in estate planning and will drafting.
We provide clear and jargon-free guidance, ensuring you fully comprehend the implications of each decision.
Tailored Solutions
No two families are alike, and neither should their wills be.
We work closely with you to tailor a document that reflects your unique circumstances, addressing potential complexities and providing clarity for your beneficiaries.
Under One Roof
Our Will Writing Services go beyond the fundamentals, encompassing a spectrum of considerations.
This includes comprehensive coverage of Corporate Executor/Trustee arrangements and expert guidance on estate and trust administration.
Putting You & Your Family First with a Comprehensive Will
Consultation
Engagement
Drafting
Review & Revise
Attestation
Safeguard
Protect your Will with our Will Custody services. Guarantee the integrity of the original Will with zero room for tampering.
Frequently Asked Questions About Will
A Will is the last document that articulates your instructions and wishes.
It is a legal document that empowers you on the distribution of your assets when you have passed on.
This may result in a drain of your loved ones’ emotional state, time and financial resources.
By delegating decisions regarding the disposition of an estate to the state, individuals risk encountering various complications. This article delves into the importance of having a Will and outlines the circumstances under which it becomes a crucial tool for ensuring the smooth transfer of assets.
One might wonder if everyone requires a Will. Some individuals assume that possessing few assets or lacking marital status exempts them from the need for a Will. However, irrespective of one’s asset portfolio or marital status, having a Will remains significant for many reasons.
A Will provides you with the opportunity to clearly define
- Who receives
- How much each beneficiary will inherit
- What happens in scenarios where the primary beneficiary is no longer around
- Determine the date, amount and conditions of the distribution
- How your loved ones will
When you are married, having a Will is important to outline your intentions with a new family unit formed. A marriage would revoke your previous Will, as well as your CPF Nomination.
Given the intimate nature of the relationship, there will be assets that are held jointly, it is essential to specify what happens to these assets should there be a common disaster.
Parents with children should prioritise writing a Will.
You are the best person to decide on the most suitable candidate to be the legal guardian of your children. Designate a Guardian, guaranteeing the protection and welfare of your children, instead of leaving this to the Court to decide for you.
By stating your preferences in a Will, you can ensure that your assets are distributed according to your intentions. Furthermore, a Will enables parents to appoint an executor to handle asset distribution and allowance to the Guardian caring for your children in your absence.
Individuals with a positive net worth, regardless of their marital or parental status, greatly benefit from having a Will. Writing a Will allows for precise allocation of assets, leaving no room for errors or potential disputes among loved ones. By creating a well-defined plan for asset distribution, individuals can ease the burden on their loved ones during an emotionally challenging period.
While young individuals without dependents or significant assets may not require a Will immediately, it is advisable to establish one as soon as their circumstances change. For instance, acquiring assets or starting a family necessitates the creation of a Will to ensure proper management and distribution. Updating the Will periodically as circumstances evolve is important too.
Will writing in Singapore may appear straightforward, involving the simple act of stating beneficiaries and their corresponding shares. However, the intricacies of Estate Planning require expert guidance to navigate potential pitfalls effectively. Engaging the services of an Estate & Succession Practitioner ensures access to knowledgeable professionals capable of answering questions, providing advice, and offering personalised recommendations.
At Precepts, we have a team of experienced Estate & Succession Practitioner (ESP) who can guide individuals through the process of creating a Will. By availing our will writing services, clients gain access to invaluable expertise and support, guaranteeing peace of mind in their Estate Planning endeavours.
Your Precepts Will will be crafted as a collation of your instructions and wishes. A document that outlines your intentions.
We have the expertise in drafting Wills but also administering your estate. Should you be no longer around, we ensure that the instructions in your Will will be administered as your sole or substitute Executor.
Book a consultation with us by filling in the Contact Us form today.
