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Free Will Writing Service for Existing Clients PDF Print E-mail
Written by Wilfred Ling   

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For those who engage our comprehensive financial planning service, the cost of having a Simple Will is FREE for both husband and wife. If your Will is more comprehensive, we offer a professional Will writing service from Rockwills Corporation Pte Ltd. The following is a comparison table for Simple Will and Comprehensive Will:

 Simple WillComprehensive Will
Executors  
  IndividualsYesYes
  Professional Corporate TrusteeNoYes
  Regular allowance to ExecutorsNoYes
  Power to appoint financial adviserNoYes
Domicile  
   SingaporeYesYes
   Commonwealth countryNoYes
Guardian  
   Joint guardianship with spouse/ ex-spouseNoYes
   Sole or joint guardianship if spouse did not surviveYesYes
   Regular allowance to guardianNoYes
Total number of beneficiariesLimitedUnlimited
Specific Bequests & Devices4Unlimited
CommorientesNoYes
Reasons to exclude spouse, disabled child, unmarried daughters or sons below 21NoYes
Children en ventre sa mereNoYes
Children of a particular spouseNoYes
Contemplation of marriage WillNoYes
EndeamentNoYes
Testamentary Trust  
    Movable AssetsNoUnlimited
    Immovable AssetsNoUnlimited
    Beneficiaries at the end of trust lifeNAYes
    Payment to Beneficiaries – discretionaryNAYes
    Payment to Beneficiaries – fixed allowanceNAYes
    Payment to Beneficiaries inflation adjustedNAYes
    Conditions for capital distributionNAYes
    Payment to Beneficiaries for birthdaysNAYes
    Powers to Sell, Invest, Rent, etcNAYes
    Maximum length of trustNA100 years
    Powers to appoint investment adviser to manage portfolioNAYes
Will CustodyNoYes (compulsory)
*Will Writing Fee FREE $290 - $2,100
Translation to Mandarin No Yes (40% surcharge)
Appointment of Corporate Trustee as Executor NA $100 (one time)
Custody Fee at CISCONA$70 per annum
About the Will writer  
    Identity of Will writerA lawyerRockwills
    Number of Wills written by Will writerUnknown>80,000
    Number of Wills “passed” Grant of ProbateUnknown>1,500
    Turnaround time>1 month.5 working days for first draft in softcopy
    Able to see draft before attestationNoYes
    Advice on common mistakes    NoYes
 

*To qualify for the FREE Will Writing service, the following are the terms and conditions:

  1. Clients must have engaged and paid a fee to us for Comprehensive Financial Planning or Retainer Service from 1 July 2009 onwards;
  2. This is only for simple Will (see table above);
  3. Both husband and wife only;
  4. For those who are single, there is no cash rebate for the second unused Will service;
  5. The free service can only be claim once;
  6. Clients do not need to have the Will written immediately but they must do so before a stipulated expiry date; and
  7. This special offer can be withdrawn at any time without notice.
  8. The FREE Will Writing service is not exactly free because the lawyer will be charging us for providing this service. We will absorb this cost.
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Last Updated ( Wednesday, 31 March 2010 )
 
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