Midlife Check-In - Updating Your Will as Life Progresses

Midlife Check-In - Updating Your Will as Life Progresses

In Singapore, we’re diligent about spring cleaning our homes, but when was the last time we did a "life clean-up"? 


As our lives evolve—acquiring property, starting families, or changing careers—estate planning in Singapore becomes increasingly important. Yet, many overlook one crucial step: updating their will.


Neglecting your will can have real consequences—legal delays, family disputes, and loved ones being left out of financial support. Regularly reviewing your will is a key part of responsible asset management and future planning.


The Hidden Risks of an Outdated Will


Imagine this scenario: A Singaporean couple, in their 40s, wrote a will when they were newly married and renting a flat. Fast forward a decade—they now own an HDB flat, have two young children, and have accumulated significant savings, CPF, and insurance.


But their will still reflects their old life.


This is a common oversight, even among those who have engaged will writing services in Singapore. An outdated will might not account for new assets or guardianship arrangements for children. If one spouse passes away unexpectedly, this gap can lead to legal complications, delays in asset distribution, and emotional stress for the surviving family.


What Happens If You Don’t Have a Valid Will?


In Singapore, if a person dies without a valid will, their estate is distributed under the Intestate Succession Act. This means the law decides how your assets are distributed—not you.


For instance, if you have children from a previous marriage, or want to leave specific assets to close friends, your wishes may not be honoured unless it's written clearly in a valid will.


Legal disputes over estates are not uncommon in Singapore, they can drag on for months or even years, causing rifts among family members.


Why Guardians and Trustees Matter for Children


Children under 21 cannot legally manage inherited assets in Singapore. If you don’t appoint a guardian or trustee in your will, the court will step in to decide who takes on this role.


CPF savings and insurance payouts for minors are typically held by the Public Trustee’s Office until they turn 21. This process can delay access to funds needed for a child’s education, daily needs, or medical expenses.


By updating your will, you can appoint trusted individuals to oversee your children's inheritance, ensuring they are cared for without unnecessary delays.


When Should You Update Your Will?


Here are key life events when you should revisit your will:

  • Marriage or divorce
  • Birth or adoption of a child
  • Acquisition or sale of significant assets (property, shares, insurance)
  • Changes in financial circumstances
  • Death or incapacity of an executor, guardian, or beneficiary


You should also review your will every 3–5 years, even if no major changes have occurred. This ensures your estate plan reflects your current life, assets, and values.


Estate Planning and Will Writing in Singapore: Why It Matters


Will writing in Singapore is more than just dividing up your assets. It’s about giving your family clarity, stability, and peace of mind.


Here’s what a comprehensive estate planning process involves:

  • Writing or Updating a Will: Specify how assets should be distributed.
  • Appointing Executors and Guardians: Assign trusted individuals to manage your estate or care for your dependents.
  • CPF Nominations: CPF monies are not covered by wills. Make sure your nomination is done separately through CPF Board (source).
  • Insurance Nominations: Ensure your insurance benefits go directly to your loved ones without probate delays.

Too many Singaporeans delay this until it’s too late—don’t be one of them. According to MoneyOwl, one common misconception is that a will automatically covers all assets, including CPF and insurance—which it does not


Final Thoughts: Protect What Matters Most


Updating your will is an essential part of responsible asset management in Singapore. Whether you’re drafting your first will or revisiting it after significant life changes, having expert guidance makes a world of difference.


Engaging a licensed will writing professional ensures that your documents are not only legally valid, but also tailored to reflect your personal intentions and family dynamics.


This isn’t just about distributing wealth—it’s about protecting your loved ones from uncertainty, conflict, and legal complications.


Don’t wait for a crisis to prompt action. Take control of your future today.

Review your will with experienced legal advisors such as Sure Will One, who can walk you through the process with empathy, clarity, and the local know-how you need.

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