Written by Priscilla Soh
If you pass away without leaving a will, your assets will be distributed according to the Intestate Succession Act without consideration for the best interest of the loved one’s current situation.
A will is ambulatory and revocable; it is only “alive” when you pass away. You will not be restricted by your own will, that is to say, you can go ahead and spend the money meant for someone in your will and whatever that is left after you passed away will then be distributed.
Clueless on how to start?
- Sit down and think of how you want your asset to be distributed.
- If you do not have anyone in mind, there is a list of law practitioners on the Law Society page for you to choose from.
- Don’t ask/settle for a standard will.
Last but not least, go and make your CPF Nomination today. It’s easy and fuss-free!
This event is part of the alumni D.N.A. Series, a platform for alumni to Discuss industry relevant topics, Network with like-minded individuals and Acquire new skills/knowledge.
If you have missed out on this episode of this D.N.A. Series, SUSScribe to the official Alumni WhatsApp Broadcast to be among the first to be alerted on upcoming events and happenings. Save 9459 8603 to your phone, and send us a WhatsApp message “SUSScribe” to signify your consent to be added to the broadcast list. SUSScription is free. Simply click here to SUSScribe: https://wa.me/6594598603