17 Oct '11, 9am

Question on Will and Testament

Question: “I am the only child of my mother and my father is no longer with us. My mother is currently bedridden. I am married with no children. I intend to write a will to give all my property to my mother and my wife in equal shares. However, in the event that my mother shall predecease my wife, I would like the remaining of my given shares to be given to my wife. How shall I articulate the will? - Max” (The above question was posted by someone on this website HERE but it did not receive a proper reply because it was thought that the question is a legal question. Actually, it is a financial planning question. Here is my two cents' worth reply.) Answer: Dear Max, A few considerations are required here. As your mother is bedridden, she may not have the mental capacity to manage the property. Even if she has the mental capacity, she does not have the physical capacity to ma...

Full article: http://www.wilfredling.com/content/view/1568/96/

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