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Proffesional Estate Planning Services

> Will-Writing Services ( Conventional & Islamic )
> Will-Custody Services
> Proffesional Executor Services
> Private Trustee Services

Write an effective Will; basic to complex Wills for business people, retirees, professionals, executifves or homemakers through our Professional Will Writer

A Will ensures:


distribution of estate and or company shares according to your wishes
appointment of executors, trustees & guardians;
aged parents, special children, relatives, close friends are provided for
peace of mind

Differences between Wills and Living Trusts
 
Will
Living Trust
When is the actual transfer or property?
After death of testator and the estate administration process
During lifetime of settlor
When does it become effectifve?
Upon death of testator
Upon transfer of property to trustee
Must it be in writing?
Must be in writing, unless it is a Muslim Will or it is privileged
Need not be in writing
Are witnesses necessary?
Must be attested by 2 wintnesses, unless it is a Muslim Will or it is privileged
Not required by law
Is there any age requirement?
Testator must have attained age of majority
Settlor must have attained age of majority
What is the effect of the death of the testator or settlor?
Assets frozen upon death of testator
Assets held on trust not frozen upon death of settlor
Is any application to Court necessary?
Grant of Probate must be obtained to unfreeze assets of testator
No application to Court necessary
Does marriage affect it?
Revoked upon marriage
Not revoked upon marriage
Can there be more than one?
Testator's latest Will automatically revokes earlier Wills
Settlor can criate more than one trust
Can it be revoked by person who made it?
Testator can revoke will at any time
Settlor can revoke trust if there is a revocation clause in the trust deed

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Creation date : 15/05/2010 @ 12:56
Last update : 15/05/2010 @ 12:56
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