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Transferring wealth can be drama-free with early planning

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Going to court to contest a will can be costly, and in many cases, the cost just does not make financial sense to do so.

Going to court to contest a will can be costly, and in many cases, the cost just does not make financial sense to do so.

ST ILLUSTRATION: MANNY FRANCISCO

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SINGAPORE – Where there is a will, there is supposed to be a way. But while your intentions may be clearly outlined in your will, there is no guarantee they will be carried out as planned.

We have read many stories about wills being contested. Lawyers say these are mostly due to children or dependants believing that they deserve a larger share than what was stipulated in the will. It could even involve someone you do not intend to give a cent to inheriting some of your wealth.

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