Estate planning is one of those easily ignored things for one reason or another, but it’s essential that they have some documents in place to protect their interests. At the very least, you’re better of drafting a will that spells out what needs to be done with your assets after you are gone. The good thing is that writing a will is pretty straightforward if you have a relatively small estate.
Things tend to be complicated for those with a significant amount of wealth. No wonder it is common to come across individuals who constantly make mistakes with their decision. If you’re yet to start on yours, here are two common mistakes you’ll want to avoid at all costs before issuing grant of probate Singapore.
Leaving Out Certain Assets
The main aim of making a will is to have control over how your assets are divvied up. If you die without one, the grant of probate Singapore court will be tasked with the responsibility of parceling out your estate based on the set inheritance laws.
When you forget to include certain assets in your will, they automatically become subject to the state rules. No matter how minor it might seem, ensure you include everything to avoid disputes over who gets what later on.
Failing to Name a Guardian for Children
For those with young children, you must ensure they would be taken care of if something happens to you. One of the things that a will shows you to do is name one or more persons to be their legal and financial guardians in your place.
Skimp on this and the grant of probate Singapore court may be forced to step in and choose someone on your behalf. This may eventually create unpleasant legal and financial entanglements that could have been easily avoided had you acted fast.
In Conclusion
The simple mistakes you make while writing your will may mean trouble for those you leave behind. No wonder you ought to exercise caution when writing your will and be sure to include every piece of information needed.
To pull this off successfully, feel free to contact a will writing service in Singapore and have them handle everything for you. A reputable service provider fully understands what goes into writing a will. In this regard, you won’t subject those you leave behind to wrangles in the event of your untimely demise.
