Hey there! Ready to write your WILL? Don't worry, it's not as grim as it sounds! Here are some tips and tricks to make the process smooth sailing.
Once upon a time, Mr. Tan, a prosperous businessman, made the decision to write his WILL. I want to make sure my possessions are given to my loved ones in a correct manner, he remarked, calling for his attorney. But I also want to enjoy it a little.
Uncertain of what Mr Tan meant by "fun" in relation to a WILL, the lawyer raised an eyebrow. "I want to leave one ringgit to each of my nephews, but they have to go on a treasure hunt to find the money," Mr. Tan added. I also want to give my kids a treasure map that will lead them to where I've hidden my favourite watch. However, the map will be encoded with puzzles. The attorney was puzzled and couldn't believe what he was hearing. However, he nonetheless complied with Mr. Tan's requests as it is his decision to make anyways.
Years later, after Mr. Tan had passed away, his nephews were scouring the city looking for one ringgit, and his children were still scratching their heads trying to decipher the treasure map.
The lawyer chuckled to himself, "Well, at least he made sure they would never forget him."
Ok enough of playing around....now let's get to the REAL TIPS & GUIDE to write a VALID WILL:-
1. Please seek a lawyer's advice before even attempting to write a WILL 2. Any written WILL must comply with the requirements under WILLS ACT 1959. 3. List down your assets (all movable and immovable). 4. Choose your beneficiaries, decide who is going to inherit your wealth. 5. Appoint an executor who will later manage the distribution of your assets. 6. Be specific in distributing your assets, remember: specific is terrific! 7. Last but not least, please keep your WILL in a safe place and do inform your executor or family members that you have written a WILL.
By following these tips and guidelines, you can ensure that your assets are distributed according to your wishes and that your loved ones are taken care of after your passing.
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