Reading Time: 6 minutesWhat is a mutual will? Mutual wills are usually made by couples to protect themselves and their children in the event that either or both the parties pass away. This is to plan for a common disaster. For example, the couple perishing in a car accident or other tragedy. This is an alternative to both […]
How to write a Will in Singapore
Reading Time: 5 minutesThe importance of writing a will There is a misconception that only the wealthy need wills. However, a will is an integral part of everyone’s lives as it is the only way to pass down one’s property and estate to whomever they so wish to. Also, not many people know exactly how to go about […]
Why you might consider making a Lasting Power of Attorney (LPA) when making your will
Reading Time: 7 minutesThree pillars to a strong and happy family Unity. Harmony. Clarity. These are the three pillars of a strong and happy family. Even when the family faces a crisis, e.g. when a member loses his mental capacity or passes away, having a Lasting Power of Attorney (LPA) in addition to a Will ensures that the […]
Wills: What is the role of an executor and administrator in your will?
Reading Time: 6 minutesIn his previous article on Wills and Probates, Lim Fung Peen from Yuen Law LLC talked about how to start transferring and distributing the assets of your deceased loved ones. This article reviews and demystifies the role of an executor or administrator in the distribution of a deceased individual’s assets. The role of an executor/administrator […]