Monday, June 28, 2010

Will Writing -FAQ

Will Writing -Frequent Ask Question FAQ

How much? One off?
Keep with will writing company, annual fee?
Who will be the executor or administrator?
What is the different between executor and administrator?
How much is the executor fee?
If my beneficiary is below 18, eg 10 years old, will the executor charge
me 8 years of fees?
If my beneficiary is below 18, need to appoint trustee?
Who is the trustee?
What the trustee do?
Any fees charge by trustee?
Who gonna fee my beneficiary before he turns 18?
How will writing company know I pass away. I have to inform someone I
trust that I have will in will writing company? If he also die?
What if I have no will?
How much if I want to amend?
How Will Writing Company know where is my asset? Do I need to update
yearly?
What if everything is settled, and one year later someone find out I got
other asset?
What is the charges on this?
If some of my assets require decision or action, eg rights issue, who
will make the decision.
What is I have asset but I forgot to list down in the will?
Why I see some people give the house to more than one person? Does it
problematic to have more than one owner?
What is my beneficiary also pass away? Same day with me. One week
before/after me. 6 months before/after me. Got a schedule on this?
Is my witness die, is my will still valid?
How to know whether my will is genuine?
Can I select my own executor? Must the person be qualified?
What is will writing company close down?
Can I take a sample and write my own will?
If my will got more beneficiary or many splitting, charge more?
etc
etc
etc