Menu Content/Inhalt
The IFA on Duty - Home arrow My Blog arrow Show All Public Blog arrow Free Will Writing Service for Existing Clients

Get Articles

Includes 11 months worth of financial planning articles
Name:
Email:

Latest Comments

Most Commented

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

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 45% discount on your Will. 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
^Discount on Will Writing FeeNA45%
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.

 ^To qualify for the 45% discount for Comprehensive Will writing, 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 February 2010 onwards;
  2. Discount is not available to those who have already exercised their Will written for FREE.
  3. Clients pay the Will writing fee in full (undiscounted) first. 45% of that amount will be credited to their future Retainer Fees. At all times, there is no cash rebate for the discount.
  4. Before generating the draft, clients pay the entire Will writing estimated fee upfront. A cash refund will be made if there was an overpayment. Any shortfall will have to be top-up when the final Will is attested.
  5. Clients have 30 days to have the Will attested from the time when the first draft is generated.
  6. On the day of attestation, Wilfred Ling who is also a Rockwills Professional Estate Planner must be present to ensure all procedures are adhere to and that all witnesses and testator are briefed as to what they are signing. Otherwise, the discount will be forfeited and any payment already made will not be refunded.
Comments
Add New
Write comment
Name:
Email:
 
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
 
:angry::0:confused::cheer:B):evil::silly::dry::lol::kiss::D:pinch:
:(:shock::X:side::):P:unsure::woohoo::huh::whistle:;):s
:!::?::idea::arrow:
 
Please input the anti-spam code that you can read in the image.

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

Last Updated ( Monday, 08 March 2010 )
 
< Prev   Next >

New to us?

Learn how you can fully benefit from this massive website: HERE