The “wealth distribution” phase in the Wealth Cycle is where one ensures that one's assets or wealth and even business are transferred or distributed in the most optimal way and according to one's wishes. This is also a stage most individuals and families often ignore. Estate and succession plans should be put in place well in advance to ensure that the family wealth and the reins of the family business are handed over to the following generations in an orderly manner.
As such, wealth distribution through the use of mechanisms such as trusts and wills would make certain that one’s wealth will last over many generations, thus ensuring a legacy of prosperity that every individual dreams of.
What is a Will ?
A legal document in which you declare your wishes for your loved ones and how to distribute your assets after you pass on.
Why do I need a Will ?
Without a Will, your assets could be more troublesome than beneficial to your family at a time when they are most vulnerable. They could become involved in a long drawn process with the law or a complex legal battle.
Without a Will, the law will decide who your beneficiaries should be. You should never assume that your assets would go to the person you want to benefit. Leave nothing to chance. Make a Will and the law will protect your wishes.
Why use Professional Will-Writing Service?
Now drawing up a Will is as easy as making a phone call. The Professional Will-Writer from Rockwills can take your instructions in the privacy of your office or the comfort of your home. With Professional Will-Writing system and personalized service, your Will can be tailor made to suit every situation. This will avoid delay due to Distribution Act 1958 (Amended in 1997). For example, if Mr. A passes away without a Will, leaving behind his wife, surviving father, 5 brothers and sisters, and 3 children, the distribution shall follow the Act as illustrated in the diagram below:"
In case you need the service of Will Writing, do let me know: shpoh88@gmail.com
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