Will & Estate Planning

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Will & Estate Planning

What is a Will? & Appoint Executor

Choose Who Will Receive Your Estates

Decide Who You Want To Be The Guardian Of Your Children

What if I die without a Will?

Will

What is a Will?

A Will is a legal document that let you, the testator to appoint beneficiaries (individual or charities) to receive your estates when you are no longer in the picture.

A Will also allows you to name a guardian to take care for your minor children.
The main purpose of a Will is to ensure that the your wishes is carried out and not following the Distributions Act 1958(as amended in 1997).

Appoint Executor

Executor is the person who is responsible to ensure that your beneficiaries receive their inheritance according to your wish. The executor will need to apply for the Grant of Probate from the court before he/she gets to distribute your estates.

Estates

Choose Who Will Receive Your Estates

You can specify how you wish to transfer your estates to your beneficiaries of your own choice and according to the percentile given by you.

Guardian

Decide Who You Want To Be The Guardian Of Your Children

You can appoint the guardian of your choice for your minor children just in case your spouse is no longer alive.

Will

What if I die without a Will?

Dying intestate (without a written will) means that you’ll have no say over the beneficiaries of your estates. It will be decided in default by the Distribution Act 1958 (as amended in 1997). Basically, your immediate family members (children, spouse and parent) will get a share from your estates. If you have a minor child, the court will decide who is fit to take care of them. All of this may cause the situation may not be in ideal or as per your wishes.

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