PKWA Law was recently recognized as one of “Singapore’s Best Law Firms’ in 2021 in a survey conducted by the Straits Times. As one of the leading family law firms in Singapore, we advise clients on the drafting of their will.
One of the most important things you should do is to make a Will. This is to ensure that your affairs are properly looked after and that your assets will go to those who are close to you.
A valid Will helps to secure your family’s financial future. Your Will ensures that your assets will be shared among those you have chosen. If you did not make a Will, the state would decide for you who gets your assets.
When you decide to engage a Singapore Will Lawyer to make your Will, or to prepare your Lasting Power of Attorney, you are preparing for your family’s future without you. This is why more people now choose to make a Will or a Lasting Power of Attorney – it costs very little, takes very little time and yet, it represents the biggest step in financial and legal planning for their families.
If you did not make a Will, the state decides for you who gets your assets. This is set out in the Intestate Succession Act. To read up on who gets your assets if you did not make a Will, please click here.
A Will also reduces disputes that can arise among members of your family regarding the distribution of your assets in the unfortunate event of your death.
Along with your Will, we also recommend that you consider making a Lasting Power of Attorney. Your Lasting Power of Attorney is a legal document in which you appoint a Donee to make decisions and act on your behalf should you lose mental capacity one day. A donee can be appointed to act in the two broad areas of personal welfare and property & matters.
OUR FEES – WILLS & LASTING POWER OF ATTORNEY
WHAT DOES OUR FEE OF $500 FOR A PERSONAL WILL COVER?
Your Personal Will at $500 will include the following basic provisions:
Personal particulars of client;
Appointment of up to 2 executors & trustees. They will ensure that your wishes are carried out.
Appointment of up to 2 guardians to take care of your minor children.
Defining the rights and powers of executor & trustee;
Standard provision for leaving your assets to your beneficiaries.
Distribution of residuary estate.
Having a predecease clause, that is, what happens when one of your beneficiaries passes away.
Free translation for non-English speaking clients;
Witnessed by 1 lawyer and 1 staff.
Our fees of $500 are not applicable if you require additional clauses and/or additional services. In such a situation, additional fees may be charged based on the additional work and services required.
FREE CONSULTATION IF YOU WISH TO MAKE A WILL
If you wish to find out more, we offer a free consultation in person at our office. Please call 6854-5336 to arrange for your free consultation.
ABOUT PKWA FAMILY LAW
PKWA Law provides Will Writing Services at affordable fees.
At PKWA Law, our team of Family Lawyers are consistently named as leading Singapore family lawyers by respected independent legal publications such as The Straits Times, Asian Legal Business, Singapore Business Review, Global Law Experts and Doyle’s Guide to Singapore Family Lawyers.