Introduction
A will is a legal document that states your wishes for the distribution of your assets after your death. It is an important document that can help to ensure that your wishes are carried out and that your loved ones are provided for.
In Singapore, there are a number of different ways to make a will. One option is to use the services of a lawyer. Lawyers can help you to draft a will that meets your specific needs and ensures that it is legally valid. However, using a lawyer can be expensive, and it may not be necessary for everyone.
Another option is to use a will-writing service. Will-writing services can provide you with a template will that you can fill out yourself. This can be a more affordable option than using a lawyer, but it is important to make sure that you choose a reputable service.
Finally, you can also choose to write your own will. However, it is important to note that if you do this, you must be very careful to ensure that your will is legally valid. If your will is not valid, it may not be possible to carry out your wishes.
NTUC Will-Writing Services
NTUC Income is a leading insurance and financial services provider in Singapore. It offers a range of will-writing services, including:
- Basic Will: This is a simple will that covers the distribution of your assets and the appointment of an executor.
- Enhanced Will: This will includes additional provisions, such as trusts and guardianships.
- Customised Will: This will is tailored to your specific needs and can include any provisions that you want.
NTUC Income’s will-writing services are affordable and convenient. You can make an appointment to see a will-writer at your nearest NTUC Income branch, or you can request a will-writing kit to be sent to you by mail.
NTUC Will-Writing Services VS Other Options
There are a number of factors to consider when choosing a will-writing service. These include:
- Cost: The cost of will-writing services can vary depending on the complexity of your will and the experience of the will-writer. NTUC Income’s will-writing services are generally more affordable than those offered by lawyers.
- Convenience: NTUC Income has a network of branches across Singapore, making it easy to find a will-writer near you. You can also request a will-writing kit to be sent to you by mail.
- Expertise: NTUC Income’s will-writers are experienced professionals who can help you to create a will that meets your specific needs. They can also provide you with advice on estate planning and other related matters.
How to Make a Will with NTUC Income
To make a will with NTUC Income, you will need to:
- Contact NTUC Income to make an appointment with a will-writer.
- Bring your identification card and any other relevant documents to your appointment.
- The will-writer will discuss your wishes with you and help you to draft a will that meets your needs.
- Once you are satisfied with the will, you will need to sign it in the presence of two witnesses.
Conclusion
Making a will is an important part of estate planning. It can help to ensure that your wishes are carried out and that your loved ones are provided for. NTUC Income offers a range of affordable and convenient will-writing services that can help you to create a will that meets your specific needs.
Table 1: Comparison of Will-Writing Services
| Provider | Cost | Convenience | Expertise |
|---|---|---|---|
| NTUC Income | Affordable | Convenient | Experienced |
| Lawyer | Expensive | Less convenient | Highly experienced |
| Will-writing service | Affordable | Convenient | Less experienced |
Table 2: Benefits of Making a Will with NTUC Income
- Affordable: NTUC Income’s will-writing services are generally more affordable than those offered by lawyers.
- Convenient: NTUC Income has a network of branches across Singapore, making it easy to find a will-writer near you.
- Expertise: NTUC Income’s will-writers are experienced professionals who can help you to create a will that meets your specific needs.
- Peace of mind: Knowing that you have a valid will in place can give you peace of mind.
Table 3: Tips for Making a Will
- Consider your assets: When making a will, you need to consider all of your assets, including your property, investments, and savings.
- Appoint an executor: An executor is the person who will be responsible for carrying out your wishes as stated in your will. Choose someone who you trust and who is capable of handling this responsibility.
- Review your will regularly: Your circumstances may change over time, so it is important to review your will regularly and make any necessary changes.
Table 4: Common Mistakes to Avoid When Making a Will
- Not making a will: The biggest mistake you can make is not making a will at all. If you die without a will, your assets will be distributed according to the law, which may not be in accordance with your wishes.
- Using an invalid will: If your will is not valid, it may not be possible to carry out your wishes. Make sure that your will is properly signed and witnessed.
- Not appointing an executor: If you do not appoint an executor, the court will appoint one for you. This may not be the person you would have chosen, and it could lead to delays in the administration of your estate.
Current Status and What We Can Do
According to a recent study, only about one-third of Singaporeans have a will. This means that a large number of people are at risk of having their assets distributed according to the law, which may not be in accordance with their wishes.
There are a number of things that we can do to encourage more people to make wills. These include:
- Raising awareness of the importance of making a will: Many people do not realise the importance of making a will. We need to do more to raise awareness of the benefits of making a will and the risks of dying without one.
- Making will-writing services more affordable: The cost of will-writing services can be a deterrent for some people. We need to make will-writing services more affordable so that everyone can have access to them.
- Providing support to people who are making a will: Making a will can be a daunting task. We need to provide support to people who are making a will, such as by providing them with information and resources.
By taking these steps, we can help to ensure that more Singaporeans have a valid will in place. This will help to protect their assets and ensure that their wishes are carried out after their death.
