Why You Need a Will
According to the Ministry of Social and Family Development, only about one-third of Singaporeans have made a will. This is a worrying statistic, as dying without a will (known as intestacy) can lead to a lot of problems for your loved ones.
- Your assets may not be distributed according to your wishes.
- Your family may have to go through a costly and time-consuming probate process.
- Your children may be left without a guardian if you have not appointed one in your will.
Making a will is the best way to ensure that your wishes are respected after you die. It is a relatively simple and inexpensive process, and it can give you peace of mind knowing that your loved ones will be taken care of.
Benefits of Using NTUC’s Will-Writing Service
NTUC has been providing affordable and reliable will-writing services to Singaporeans for over 50 years. Here are some of the benefits of using NTUC’s service:
- Experienced will-writers: NTUC’s will-writers are experienced and knowledgeable professionals who can help you create a will that meets your specific needs.
- Affordable fees: NTUC’s will-writing fees are very affordable, starting at just $99.
- Convenient locations: NTUC has over 70 locations islandwide, so you can find a will-writer near you.
- Flexible appointments: NTUC offers flexible appointments, so you can make an appointment at a time that works for you.
What to Expect from Your Will-Writing Appointment
When you meet with an NTUC will-writer, they will ask you a series of questions about your assets, your family, and your wishes. They will then help you create a will that meets your specific needs.
Here are some of the things you should bring to your will-writing appointment:
- Your NRIC or passport
- A list of your assets and debts
- The names and addresses of your beneficiaries
- The name and address of your executor
Types of Wills
There are two main types of wills: simple wills and complex wills.
- Simple wills are suitable for people with relatively straightforward estates. They are typically used to distribute assets to family members and friends.
- Complex wills are suitable for people with more complex estates. They can be used to create trusts, establish guardianships, and make other arrangements.
The type of will you need will depend on your individual circumstances. Your NTUC will-writer can help you determine which type of will is right for you.
Cost of Making a Will
The cost of making a will with NTUC starts at $99. The fee will vary depending on the complexity of your will.
Here is a breakdown of the costs:
- Simple will: $99
- Complex will: $150-$300
- Codicil (amendment to an existing will): $50
How to Make a Will
Making a will is a simple and straightforward process. Here are the steps you need to follow:
- Choose a will-writer. You can find a will-writer through NTUC or another organization.
- Gather your information. You will need to provide your will-writer with information about your assets, your family, and your wishes.
- Meet with your will-writer. Your will-writer will help you create a will that meets your specific needs.
- Sign your will. Your will must be signed in the presence of two witnesses.
- Store your will safely. Keep your will in a safe place where it can be easily found after your death.
Tips for Making a Will
Here are a few tips for making a will:
- Think about your assets and your family. What are your assets? Who do you want to inherit your assets? What are your wishes for your family after you die?
- Choose a will-writer you trust. Your will-writer will be responsible for helping you create a will that meets your specific needs.
- Take your time. Don’t rush the process of making a will. Take your time to think about your wishes and to make sure that your will is clear and concise.
- Keep your will updated. Your will should be updated as your life circumstances change. For example, you may need to update your will if you get married, have children, or acquire new assets.
Conclusion
Making a will is an important part of planning for your death. It is a simple and inexpensive process that can give you peace of mind knowing that your wishes will be respected after you die.
If you are looking for a reliable and affordable will-writing service, contact NTUC today. NTUC’s experienced will-writers can help you create a will that meets your specific needs.
