Saturday, November 19, 2011

Write a Will when you are able to

Mr Chew called me from Subang Jaya Medical Centre saying that his brother need to write a Will. His brother is very sick. Before I went over to see my propect client, I asked him if his brother is conscious and sound mind? The answer is "Sometime yes, sometime no". I told him that I am not able to write for his brother unless he is totally sound mind. This is prevent beneficiaries from contesting the Will in the future.

Thus, do not procastinate, write your Will early.

Saturday, November 5, 2011

Writing a Will is is a effective way to protect your asset

Mrs Chan is 65 years old this year. Two years ago she used her hard earned savings to buy a house and registered the house under his son's name. The reason for this is because she felt that sooner or later this house will be given to her son, thus, writing a Will is not necessary.

Last year, without her knowledge, the son sold the house used the proceeds of the sale to buy a new house and registered the new house jointly under his name and his spouse.

Mrs Chan was very angry on the sale of the house, however she can not do anything to stop the sale as the son is the legal owner of the house.

To all parents, please do not do what Mrs Chan did, write a Will and protect your assets.

Please call 03-7782 1993 for more information on Will.