Sep 2 2015, 03:01 PM
QUOTE(mynewuser @ Jul 20 2014, 10:24 PM)
After write will. Insert executor, and nominee. Do we still need lawyer to process the will when owner pass away?
The executor will execute the will when testator(person who wrote the will) pass away. AFAIK, no need lawyer unless the executor is represented by a lawyer. Bear in mind:1. Advisable to have more than 1 Executor to act as a substitute when the main Executor dies before execution of the will
2. Executor must be honest/reliable and have time to complete the process of the administration of the deceased estate
QUOTE(Y.J.S @ Jun 10 2015, 03:03 PM)
If one is multi-millionaire with many assets including properties scattered around the world and has annual dividends from different companies around the world,
better go for lawyer otherwise if not planned properly, the beneficiary will not be able to claim everything back
A will done with local estate planning company also can help person who has assets overseas.better go for lawyer otherwise if not planned properly, the beneficiary will not be able to claim everything back
QUOTE(Optiplex330 @ Jun 10 2015, 03:32 PM)
What if the witnesses died before you do? Or can't be found because he have moved overseas etc?
So wouldn't it be better to do it with a bank that's more likely to be around like PB Trustee?
The will is still valid.So wouldn't it be better to do it with a bank that's more likely to be around like PB Trustee?
Quoted from Wills Act 1959:
Will not to be invalidated by reason of incompetency of attesting witness
8. If any person who attests the execution of a will shall at the
time of the execution thereof or at any time afterwards be incompetent
to be admitted a witness to prove the execution thereof, such will
shall not on that account be invalid.
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