For a single person between 21 to 35 years old, you are probably living foot-loose and fancy-free lifestyles. You may be determined to live a single life style or you have yet to find the person that you wish to spend the rest of your life with. Or you may have an alternative lifestyle.

Not much savings or tangible asset because you are building your career, meeting more people and feeling your way through the jungle of life.

You may have some collectible items (pen, cuff-links, brooches, bags, rings, bracelets, etc), hobbyist’s equipment for a hobby you share with some close friends. You may have a pet dog, cat, an arowana fish or other exotic pets.

You are likely to have only your parents or a younger sibling(s) to worry about [Read more…]

So now you have finally made yourself sit down and get down to the business of getting your Will written (If you have not written your Will, read Why write a Will). As you listed all your beneficiaries, you realized that one of your loved ones is pregnant with child and will not deliver till 6 months later.

Can you bequeath a part of your estate to the unborn child ? [Read more…]

HAPPY FATHER’S DAY

There were two thrifty fathers. Both care and love their own family deeply. Everyday, both fathers work hard and put dough on the table for the family. Both fathers had similar house and are also paying the mortgage for their house. Like most fathers, they do not show their love on their faces easily. Perhaps they are from Mars.

One day, both fathers are worried as the economy does not look good. They both work harder to ensure their livelihood is more secure and would not fall prey to the retrenchment dagger. Till now, both fathers seemed to be walking along life pathways in similar way. And both even attend “How to write a Will” legal seminar that educate working professionals on beneficiaries, testator, witnesses and the basics of will writing in Singapore.

Then the path begins to differ. [Read more…]

Singapore HDB home owners may have the misconception that the government (HDB or some intestacy agency) will take care of things for them. Therefore HDB home owners may not see the necessity to write a Will.

They may also be procrastinating even though at the back of their minds they believe they need to make a Will. Or they believe they can write their own Will and intends to read up on how to make their own Will. But no “how-to” Will writing guide is easy to understand in all the important aspects. And so the intention to “write a Will yourself” starts to delay as the multitude of guides out there on the Internet leads to unending reading and further confusion and many more questions. [Read more…]