TOP 3 REASONS WHY YOU SHOULD BE MAKING A WILL
There are many compelling reasons why you should make a will. Here are the 3 most important reasons:
1. Your assets will be distributed in accordance with your wishes. If you do not make a will, your assets will be distributed in accordance with intestacy laws, and not in accordance with your wishes.
2. You can help prevent sticky situations – your family members are unlikely to sue each other if you have made your intentions clear in a will. When you make a will, you would also have nominated a person you trust to administer your estate. This ensures that no one fights over who becomes the personal representative of your estate.
3. It is simple for your loved ones to apply for a probate if you have made a will. It takes only about one month to get Grant of Probate if you had made a will. This means that your loved ones can get access to your assets quickly and this is important if they were dependent on you (especially if you have minor children). If you did not make a will, it will take a longer time to apply for Letters of Administration.
Making a Will is extremely cheap. It is not worth the trouble and potential litigation pitfalls if you fail to make a will.
Remember – failing to write your Will is failing to plan for your family.
ABOUT PKWA LAW
At PKWA Law, our team of Family Lawyers are consistently named as leading Singapore family lawyers by respected independent legal publications such as Asian Legal Business, Singapore Business Review, Global Law Experts and Doyle’s Guide to Singapore Family Lawyers.
Contact PKWA Law today for your free 1st consultation: Tel 6854-5336 or 6854-3065.