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Do you know you can actually make a will without the involvement of a lawyer? Here are 5 things that you need to know if you want to make a will without a lawyer.
Make sure your will is committed to writing
This means that your will must be written on paper. You will be surprised that some people may just record a video instructing others to distribute their assets upon their death. This does not work at least in the legal perspective.
You must sign the will in the presence of two witnesses
After preparing your will, you need to sign at the foot of the will in the presence of two witnesses. These witnesses must not be the beneficiaries nor spouse of beneficiaries.
The witnesses must also sign at the foot of the will.
CPF savings are not included in a written will
You cannot distribute your CPF savings in a written will. If you want to distribute your CPF money, you need to make an official nomination via the CPF board. For more information, go to the CPF website.
An executor is needed
The executor is responsible for carrying out the wishes of the deceased as outlined in his/her will. Usually, people would appoint their spouse, close relative, trusted family friend or professional executor. Your executor can be a beneficiary.
For simple will, the simplest way is to use an online will generator
Use an online will generator if the assets that you want to distribute are not complex. You can use our online will generator when you sign up for a free account with us by December 2020. Sign up now.
