Why Do I need a will?

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Without a Will, your assets will be difficult to identify upon your death and the known assets will be distributed according to Distribution Act 1958.

You may want to choose a trustworthy Executor as they will be the one identifying your assets, paying off your debts, and distributing your assets according to the terms of your will. Without a Will, the rights to appoint an Executor lies in the hand of High Court Judge which the Court deems fit.

With a Will, you can choose a person to act as the guardian for your children and take care of the children's wellbeing. The guardian will have right to administer your assets until your children attain the age of majority. Without a Will, the Court has the right to appoint the Guardian for your children and he/she may not be of your preference.

The legal Beneficiaries may need to obtain a Grant of Letters of Administration that is typically more lengthy and a Court Order is required to transfer any real property. 

Family bond may be broken due to disputes and conflicting views on how your assets should be distributed. Your family member may spend more time locating your total assets which have not made known to them at the point of your death.

All the problems mentioned above can be avoided by proper planning before the uncertainties hits you. If you love your beneficiaries, start writing a Will today!