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Showing posts from December, 2023

Gift Deed or Making a Will: What is the Best Way for Property Transfer?

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Estate transfer is more likely a gifting gesture for our future generation. However, people often grapple with the decision of whether to opt for a gift deed or a will. Both methods offer distinct advantages and drawbacks, requiring careful consideration based on individual circumstances. Transfer of Property by Way of Gift Gift deeds help in the transfer of self-acquired property to anyone. For that, you have to do some contracting with stamp duty. It will be payable on the property's market value during the deed's execution. Some states offer stamp duty concessions for gifts to close relatives. However, gifts to non-relatives can trigger the recipient's obligation to include the property's market value in their income for taxation. Transfer of Property Through a Will Conversely, making a Will in Singapore enables property transfer posthumously, with the property vesting in beneficiaries after the testator's death. Wills are cost-effective and don't demand any...

How Online Will Writing Services Work?

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Online Will Writing Services in Singapore: Cost Effective, Time Efficient, and More If you are considering making a will, it is important to ensure that your loved ones are taken care of and your assets are distributed according to your wishes. In the past, many people hesitated to write a will due to high costs. However, with the emergence of reputable online will writing services in Singapore , such as NobleWills, the process has become more accessible and affordable. How Online Professional Will Writing Services Work? Online will writing services operate through user-friendly platforms. Users can create an account themselves to access these services. Some platforms offer downloadable software for a do-it-yourself approach, while others provide online platforms for independent completion. If you have any doubts, it is advisable to consult with the service provider first. A will specialist or will writer or legally qualified will specialists will guide you through a series of question...