Once you are financially independent and accumulating wealth, it is advisable to write a Will. You may not want to consider this when there is not much wealth to worry about, especially when you have just started work. However, when you are married and have children of your own, the Will becomes important. You may also have elderly parents and relatives whom you are helping to support.
You can consider writing a Will to state how your wealth is to be allocated. If a Will is not in place, then the State will use the existing Intestate Succession Act (Chapter 146) to distribute your wealth and assets. This approach may not be according to your wishes. The Will will help to prevent rivalry for your assets which may result in ugly conflict among your relatives and family members.
In writing a Will, it is advisable that you get a practising lawyer to draw one up. They will provide professional input so that there will not be a contest on the legitimacy of the Will. The lawyer’s fee is not exorbitant if the Will is a simple one.
Advance Medical Directive (AMD)
The Advance Medical Directive Act (Chapter 4A) was passed in Singapore in 1996 for a good reason. This Act is to allow someone to make a decision now while he/she is well and lucid that should he/she be terminally ill and is unconscious, he/she should not be kept artificially alive by means of medical equipment support. This will relieve family members from the traumatic decision of whether to ask for such life support system when the time comes. There is no fear that family members, while carrying out your wish, will be left wondering whether they did the right thing. The medical doctors will provide the medical opinion that the person is already comatose and therefore the hope of recovery will be slim.
So do not leave the decision to your next of kin. Spare them the trauma. For more information, you can visit the Ministry of Health website on AMD:
Human Organ Transplant Act (Chapter 131A)
Under the Act, if you have not objected in writing, then the designated officer of a hospital may authorise the removal of any organ from the body of a person who has died in the hospital for the purpose of the transplantation of the organ to the body of a living person. The purpose is to save lives of those who need organ transplants.
If you have not objected to the removal of your human organs on death, it will be wise to speak about it to family members so that they will know how to react when the time comes. Again this is something we can help alleviate the traumas of our loved ones who are left behind.
Written on 10/30/2006 8:58 AM
Copyright © 2006, the author known as LKT in Singapore.