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 Have you written your WILL?

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kochin
post Sep 3 2015, 08:46 AM

I just hope I do!
********
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10,314 posts

Joined: Dec 2009
From: Malaysia


anybody got a proper will and can just share the template here?
i mean a proper will as in either crafted by professionals or will writers or lawyers, etc.
thanks.

i attached one. think it's good enough to be used?
genuine advices appreciated.
cheers!

This post has been edited by kochin: Sep 3 2015, 08:51 AM


Attached File(s)
Attached File  will_actual___blank_template.pdf ( 314.19k ) Number of downloads: 143
kochin
post Sep 4 2015, 10:08 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


QUOTE(wongmunkeong @ Sep 3 2015, 05:11 PM)
Hi KoChin,

Just my 2 cents as an "end user" for Public Trustee's & Pacific Trustee's Will writing services:
1. Item 2:
U may want to reword as such:
If my spouse, XXX XXX XXX predecease me or shall not survive me for a period of one month then I, HEREBY DECLARE that

2. Attachment 1:
I'd suggest not including it such way in the Will
BUT just state it as an "Asset & Liability list", thus can be updated anytime for your Executor to know where & how to get to your assets.

3. U may want to have another survivorship clause for Executor & Trustee
especially someone / legal entity that doesn't usually travel or be near your wife or your bro-inlaw
choy choy choy BUT ACCIDENTS HAPPEN and if all the Executors are usually travelling together or near each other..
one-shot both koyak how?

4. Items 8 & 9:
Choy choy.. but survivorship clause may be a bit unclear.
eg IF (CHOY! ya - my apologies if my IF offends) child PASSES after U
AND does not have child(ren) of their own
.. er.. so.. how?

5. Guardianship for your children?

I'll "clean up" my simple Will
+ complicated as kaka Will cum Trust
to share later.. er.. hope i can find time heheh

BTW, good share  notworthy.gif
*
thanks for your pointers.
you raised some pretty good points especially on item 4 and 5.
may need to rework it a little.
thanks again and looking forward to your sample!
kochin
post Sep 7 2015, 08:35 AM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


QUOTE(wongmunkeong @ Sep 4 2015, 05:32 PM)
Here's the simplified Will i drew with PB Trustee years back.
urgh.. sorry, i couldn't convert to MS Word to remove the data,
thus screenshot and used red squares to block off private data.

Note - Trustee here is a Company, thus Company No.
Please change to IC Number if human smile.gif
*
thanks for sharing.
it does looks more robust.
i like the guardianship and also sub-clause of "in the event" scenario.
but choi! just asking. in the event whole family is travelling together and something happen, how ah?
i was thinking to follow your clauses for the distribution with only one additional clause where if all children also xxx then the proceeds goes to siblings perhaps?

now my biggest concern is still the executor. need to refine that and i think i am good to go liao.

Q:
1. can we alter the list from time to time? eg. will is dated today but the list is updated once every year or so?
2. how many copies of the will and who is in possession of it?


boss, thanks again.

kochin
post Sep 7 2015, 02:37 PM

I just hope I do!
********
All Stars
10,314 posts

Joined: Dec 2009
From: Malaysia


very good and informative sharing.
maybe i should seriously set up my trust as well.
but i got scared off with the fees.
lol.

 

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