You should make a Will to ensure that your assets will be distributed to the people you love and cherish.
A will is the most important document you will ever sign. It ensures your estate is disposed of in accordance with your wishes, ensures loved ones, especially elderly spouses, young children and other dependents are taken care of and achieves tax minimization objectives. A will is the central element of your estate planning strategy.
What are the requirements for a Will in Singapore?
For your Will to be valid in Singapore:
- You must be at least 21 years old.
- The will must be in writing, either handwritten or printed.
- You must sign at the end of the will.
- The will must be witnessed.