The age of majority applicable in Singapore is 21 years old as provided by common law.
There are a few factors that parents need to think about when they are doing estate planning, eg. Executor/Trustee, Disadvantages of Simple Will- Lump sum payout, Guardian, Spouse, Property, Debts, and etc.
You may have heard before how the rich set up a family trust to distribute their estate to their family, which may last for a few generations, you may wonder if family trust is catered only for the rich?
Writing a Will is simple; however, it is not easy to write a proper planned Will.
You can write anything you want, find two witnesses, sign and dated. When comes to execution, whether your Will can be executed smoothly, is another factor that you need to consider.
For estate planning, we are representing PreceptsGroup International (previously known as Rockwills Singapore Group of Companies), which is an established full-fledged estate and succession planning service provider, covering wills, trusts, estate administration, corporate services and education.