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  1. Join Date
    Sep 2007
    Posts
    66
    #1
    [SIZE=3]WILLS OF FORTUNE[/SIZE]
    [SIZE=3]Making your last will and testament[/SIZE]


    [SIZE=3]Just recently, multi-billionaire New Yorker Leona Helmsley willed $12M to her dog. We may not have the billions to leave behind but we may have a thought or two as to where or to whom certain of our possessions will go and show our appreciation as Ms. Helmsley did. [/SIZE]

    [SIZE=3]A will is where one can be “permitted, with the formalities prescribed by law, to control to a certain degree the disposition of his estate, to take effect after his death (ARTICLE 783, New Civil Code).” It is with these formalities that it is almost impossible to dispense with the services of a lawyer. [/SIZE]

    [SIZE=3]Every will has to be in writing and should be “executed in a language or dialect known to the testator (ARTICLE 804).” The testator means you if you are the one who wants to make a will provided you are at least 18 years old (ARTICLE 797) and of sound mind at the time of its execution (ARTICLE 798). So it’s ok to lose your marbles later. ……….[/SIZE]

    [SIZE=3]Read on at [/SIZE][SIZE=3]http://thelegallyinclined.wordpress.com/[/SIZE][SIZE=3] . Feel free to forward the link to your friends and colleagues. And leave some feedback if you can.[/SIZE]

  2. Join Date
    Oct 2002
    Posts
    13,415
    #2
    There are actually community courses here in Singapore for will writing...

    Grim program to join, but honestly, it's a must to take the burden off your loved ones.

  3. Join Date
    Oct 2002
    Posts
    1,114
    #3
    what are the corresponding taxes upon turning over of assets?

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