WILL

How important is a WILL?

Recent case of the late Michael Jackson about his Will encourage me to raise up this matter. For some of us, it doesn’t really matter to make a Will or not based on assumption that “Hey!!! I’m still young anyway!!!”. This kind of perception, miss-interpretation and lack of self-responsibility will cause (not you) your family in trouble.

I just had WILL Writing workshop a few weeks ago. Thanks to my company that gave a chance to know how important a WILL is.

What will happen if we die without a will? Based on Singapore law, your assets will be distributed in accordance with the Intestate Succession Act (Chapter 146).

It takes months to process a Will. Can you imagine how long will it take if WITHOUT a will???

Some of complicated cases did occur during the distribution of the Will. Not to mention, so many conflicts between family just because HERITAGE.
You should consider reviewing your Will in the following situations:
1. When you get married
2. When you get divorced
3. When you dispose of assets that are set out in the Will or gain new assets
4. When a beneficiary dies
5. When you decide to change the beneficiaries
6. When you wish to replace the executor(s), trustee(s) or guardian(s); and
7. When you subsequently have more children or grandchildren.

So, consider to have your own will. Life is fragile (thanks Lele for the quote). You won’t know what will happen in the future.

Source: Kompas.com, income.com.sg

--tehijau thinking to write her own Will