Follow the four easy steps, you can get your will done!
(Please note that, only valid will is acceptable by high court)
1. List your assets
- Include details of bank accounts, properties, businesses, vehicles, jewellery, antiques or other valuables, investments such as shares or other instruments.
- Note whether these are held in your name or jointly with a spouse or family member.
- Do gather all the supporting documents and place them together in an easy-to-retrieve file or folder.
2. Appoint Executor(s)
- Think about who you will name as an Executor in your will.
- There could be more than 1, you can appoint up to 4. It is best to have more than 1 in fact, so that if that Executor dies or is unwilling to act, there is another.
- Discuss first, with the person you have chosen. Don’t assume he/she is willing to act.
- You could also appoint a trust corporation instead of a natural person, as the Executor.
3. Who is the beneficiaries
- This would normally be your immediate family.
- You are actually free to choose who, or which entity, you wish to leave your assets to.
- Some people have willed all their assets to charitable or non-profitable organisations, as their children are grown up and have acquired their own wealth.
4. Signed with two witnesses
- The will must be signed in the presence of two witnesses, who must also sign it.
- The two witnesses cannot be beneficiaries (or spouses of beneficiaries).
- The will needs to be kept in a safe place.
- There will be no point at all to the exercise if no one can locate the physical will once you have passed on.
Although, you will see just four simple steps to get a will done, please bear in mind, what you need is a valid will ----- a will which truly help you to accomplish your wish & help to ease your family when you are not around. Do think thoroughly what you want to give and do make sure all necessary information needed are complete.
Contact me now: 016-6825195
Source: KCLau.com
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