Any money-savvy individual would appreciate a good professional opinion when it comes to their finances. Obtaining advice from a financial advisory professional can be extremely helpful to those looking to grow one’s wealth, make wise investment choices and save for one’s future. In these cases, engaging a financial adviser representative who offer a wide suite of financial consulting services for you can be the best option.
Contesting a will is not a scenario we would like to see happen in the event of the testator’s death. However, it can still happen due to certain circumstances when the will was drafted. When drafting a will, it is highly recommended to engage a professional will writer to prevent such occurrence. Let’s explore the common grounds for contesting a will in Singapore:
Everyone deserves to have their assets distributed according to their wishes after they die. Engaging the service of a professional will writer when writing a will in Singapore is highly recommended because certain complications may arise when a person tries to write their own will. Let’s see what are some of the common scenarios of writing a will without the help of a professional:
Contributed by: Estelle Heng
Intern from Gerontological Management Studies, School of Humanities and Social Sciences, Temasek Polytechnic.
‘I’m too young to think about this’ is probably the most common excuse not to start financial planning in Singapore. However, if we think twice, we’re never too young. Parents buy insurance for their babies as soon as they are born, some before they even take their first breaths. What’s so important about insurance that it is this urgent? The reality is that unexpected things happen. And when they do, you can’t afford to give up your future because of piled-up debts from hospitals or leaving your dependents to pay them off. So really, insurance is more than just protecting yourself, it includes supporting your loved ones as well.
When getting a will drafted, it is advisable to prepare the necessary documents to save yourself the unnecessary hassle of going back and forth with the will writer. To smoothen your will writing experience, we list below key documents that you can bring along when meeting up with your will writer.
Contrary to popular belief, writing a will is actually more than just about money and more than just an optional exercise for the well-off dads and moms. It is also about ensuring that your loved ones – be they your children, parents, siblings, or even favourite charities – are taken care of with the finances and assets you bequeath to them, that you have named executor(s) to carry out your wishes and that your funeral arrangements are as you want them.
Writing a will, therefore, is more important than one may think. Below are four issues often overlooked when writing a will in Singapore: