How The LAW Affects Your Wealth

During your lifetime, you would have made and signed many important documents.
Does a Will fall among your many crucial documents?
To pass away without leaving a Will will lead to some catastrophic results. All your assets will be distributed according to the law i.e. the Distribution Act 1958 (as amended 1997).

The Distribution Act 1958 will decide on the apportionment of your assets. Your loved one have no say but to respect the effects of it.

Therefore, without a Will, no provision can be made for your:-

1. Parent if you are not married
2. Step-children
3. Illegtimate children
4. Aged relatives or others who are dependent upon you

Most people assume that the deceased's estate would automatically vest with his/her spouse and children. Unfortunately, this is only a misconception.

The Law distates that as long as the deceased has surviving parent(s), they will inherit a quarter share of his estate. The other quarter share will go to his/her spouse while the remaining half share will vest with his/her children. Further, if the surviving parent(s) passes on without a Will, their quarter share will then be inherited by the deceased's siblings. Hence, to avoid this draconian measure,it is important that you write a Will and ispose of your assets in accordance with your own wishes.

Furthermore, the following person(s) are entitled in accordance to priority when a person dies intestate without leaving a surviving spouse, child or parent:-

1. Brothers and sisters
2. Grandparents
3. Uncles and aunts
4. Great grandparents
5. Great uncles and aunts
6. Government

You are now aware of the effects of the Distribution Act 1958. Do you think it is a fair distribution and would you allow your estate to be divided in this way? If not, do not procrastinate any further! Wise up and write your Will today with Trust Wills Professional Will-writer who are only a call away! Let the experts visit you and tell you more.

Call Candy Loo at +6012 6366468 now!