Pacific WillPan

Wills Overview

Pacific WillPlan and TrustPlan offers a range of services which include:

  • Will Writing

  • Testamentary Trust

  • Custodial for Will

  • Executorships and Administration of Estate

  • Administration of Private and Charitable Trusts

The Will Document

Will is a very important document. Without a Will, the law decides how your estate is distributed. The preparation of a Will ensures that your estates are distributed according to your wishes. We offer conventional, Christian and Islamic Will writing services to our clients, the following is a brief description on wills:-

  • A Will is a legal document stating how assets are to be managed, arranged or distributed to Beneficiaries after a person’s demise.

  • The preparation of a Will ensures that your estate is distributed according to your wishes. The Will can make provisions for specific legacies and trust management for the estate.

  • A Will involves up to five parties – Testator, Beneficiary (Legatee), Executor, Trustee&Testamentary Guardian (for minor beneficiary)

  • A Will can only take effect upon the death of the Testator, and can be revoked at any time prior to that.

  • The Testator has the right to change the contents of his or her Will at any time.

  • No gifts or assets are transferred to Beneficiaries at the time of making the Will.

  • A Beneficiary can’t lay claim to property originally willed to him but later taken away from him by the Testator in the final Will.

  • Assets not owned by the Testator, but expected to be acquired in future, can be included in the Will.

  • Declarations of intentions need not be confined to property matters only, but can include certain wishes or dispositions which the Testator desires to be carried out.

Benefit of a will

Benefits of Writing Your Will

  • Ensures that estate distribution will be according to your wish.

  • Avoids cumbersome administrative process and delays in distribution.

  • Protects your dependents from unreliable or unscrupulous persons who may gain control of your estate.

  • Ensures your assets go to Beneficiaries you desire,and not decided by law.

  • Reduces chances of family disputes over your estate.

  • Let Beneficiaries know how you like them to use the assets.

  • Designates who will be Guardian of minor children, and not left to the court to decide.

Custodial Services

We offer custodial services to ensure that important documents including your Wills are stored safely and securely so that they can be found when needed.

Services Pacific Will Plan

Our Services

Fee chargeable is based on number of clauses depending on client’s requirements and wishes for his/ her Will. PACIFIC WILLPLAN service includes:

  • Professional legal advice on estate planning

  • Conventional/ Christian/ Wasiat Will Writing services

  • Appointment of PTS as Executor & Trustee

  • Life-time original Will safe custody

PACIFIC Will Writing

Fee chargeable is based on number of clauses depending on client’s requirements and wishes for his/ her Will. PACIFIC Will Writing service includes:

  • Professional legal advice on estate planning

  • Conventional/ Christian/ Wasiat Will Writing services

  • Appointment of PTS as Executor & Trustee

  • Annual original Will custody (compulsory for the first year with auto renewal)

PACIFIC Will Rewriting

It is advisable to rewrite a new Will instead of making any clause amendment, addition or deletion on your existing Will.Fee chargeable is also based on number of clauses depending on client’s requirements and wishes for his/ her Will. We offer special rates for existing Clients to rewrite their Wills, with the status of original Will custody remaining unchanged.

When to Rewrite Your Will

When to Rewrite Your Will

  • You are advised to rewrite a new Will if one or more of the following circumstances have changed to ensure the validity of your Will is non-contestable in court.

  • Marriage or remarriage

  • Original Will lost or destroyed

  • Conversion to Islam

  • New-born child/ children

  • Death of family member/ Beneficiary

  • New asset/ property acquired

  • Change of mind (inheritance arrangement)

  • Remove and reappoint Executor, Guardian or Trustee

  • Changes in Law relating to Will

  • Change of residency/domicile

  • Pacific Trustees Singapore offers special rates for existing Clients to rewrite their Wills, with the status of original Will custody remaining unchanged.

© 2020 Copyright By Pacific Trustees Singapore
LinkedIn-Logo.png
Facebook-Logo.png