Beginner’s Guide to Choosing the Best Will Writing Services in Singapore
It’s never too late or too early to think about wealth settlement. It’s one of the best and sensible contingency planning strategies a person can do. In our guide, we’ve gathered information and a list of the best will writing services in Singapore. It’s all you need in a handy and quick read.
It’s important to understand that not planning for your asset distribution will have legal ramifications. Further, hiring unreliable service providers who write inadequate wills can also have consequences. Your will can be made invalid or face revocation, leading to intestacy. In all these instances, the law will step in to handle asset and wealth distribution.
That’s when things can get seriously complex and messy. To avoid the hassle and ensure distribution to the intended beneficiary, it’s best to execute your will correctly. The service providers on our list offer a full range of reliable and professional services.
Having a will written is the most straightforward way to settle your assets. If you want something a bit more complex, like wealth management, then consider estate planning services. Otherwise, a well-written will can get the job done for you.
What Is Will Writing Services?
A will ensures that all your wealth and asset distribution occurs according to your wishes. It is a legally binding document that handles the allocation of your assets after you pass away. The person who makes the will is the testator, and the people who benefit from the will are beneficiaries.
Anyone who wishes to bequeath their assets can engage in will writing services in Singapore. Service providers will ensure legal compliance, such as the will being in writing and having a signature. They will also file under the Wills Registry, which will keep your will safe until it is needed.
Alternatively, you can have a lawyer write the will or use online templates to do it yourself. You just have to meet all legal requirements and secure the will safely. Overall, it’s easier to engage professional service providers to do the job.
Why Do You Need Will Writing Services?
A professionally and legally written will is a crucial part of financial planning. It empowers you to decide who gets what, including anyone not entitled under intestacy laws. You can even appoint a trustee to administer the assets until your intended beneficiary can take over.
It’s possible to write it up yourself as there are plenty of resources available to guide you. It can be a viable option in straightforward bequeaths. However, a professionally written will is still the safest option. Companies that offer will writing services in Singapore are trained experts who will get it right from the start.
Anyone who passes away without leaving a will dies intestate. The Singapore Intestate Succession Act will then apply, freezing all assets until you get a court order. This is a lengthy, costly and stressful process, which you can easily avoid by executing a will.
Where Should I Find the Best Will Writing Services?
It’s best to prepare for all possibilities as life is unpredictable, and you never know what may happen. Providing for your loved ones and protecting your wealth is a prudent move. Our top ten list of will writing service providers will see to all your needs.
Via careful selection, the names on our list boast impeccable track records and professional services. They are the cream of the crop and offer a wide range of solutions for the discerning client. Rest assured you and your loved ones will benefit from their expertise and knowledge.