Will - Draft out a will from lawyer

[Gecko]

mwchua:

Correct me if I am wrong - I thought distribution of bank balances fall under the will, i.e. it can be willed away.


The following are subjected to specfic nominations made & not subject to will:

- CPF: As per CPF nomination;
- NTUC Income policies: As per policy nomination
- Property: If under joint tenancy, then to surviving owner.

The rest of movable & immovable assets all should all fall under the will. Pls help to advise if my understanding is correct.

Thanks

Correct I think.

Except for 1 thing that I am not sure: ie. where there is no CPF nomination.

Can't recall whether it can be \"willed away\" or whether it comes under our intestate succession laws. :?

Gecko

[tree nymph]

if the bank account is held in joint name and one party passed away, does it mean that the money under this account is automatically passed to the surviving account holder?


will half of the balance in that account form part of the estate of the deceased and distributed as in the will?

[usaik]

Glad I stumble upon this thread…great information thanks to all. Dh and I have also been thinking of approaching a professional to draft a will for a long time. We do not have much assets as such the purpose of drafting a will is more to make sure our only child be protected should anything happen to both of us. However, we couldn’t agree on who do we want to entrust our child to, to execute the will and more importantly to be the legal guardian.


Anyone here have similar woes?

[jonyfords09]

If the separate identification / description of items to be left clear. For example, "the contents of the UOB bank account 123456" or "property for the 123 known as Bt-Timah." Remember, some things can not be left will be contained in the above post by

[SaSaMum]

I tot a beneficiary cannot act as an executor at the same time?

[ZacK]

correct me if i am wrong… think a beneficiary can be executor but cannot be witness…

[starlight1968sg]

ZacK:

correct me if i am wrong... think a beneficiary can be executor but cannot be witness...

I think so.

[duriz]

ZacK:

correct me if i am wrong... think a beneficiary can be executor but cannot be witness...

Yes.
I'm both executor and (one of the) beneficiaries for my Mom's will.
But cannot be witness.

[davidbilly]

You’re getting ready something as main as your authoritative document, take no chances and counsel a legal specialist.

[jchowsingchuy]

anyone of you did for your school children already?