What is Will?
A Will is a legal document signed base on specific terms which ensures your assets can be distributed according to your desire after you have passed away. In Hong Kong, a Will must be in writing and signed by the testate and two witnesses who are not the beneficiaries of the Will.
What are the advantages of Will?
- Assets can be distributed according to your own desire and specific beneficiaries; not decided by the Intestates' Estates Ordinance.
- The beneficiaries can receive your assets in shorter time.
- Time-saving and cost-saving.
- Will is important for non-married intimates and parents of the deceased as they may be entitle nothing according to the Intestates' Estate Ordinance.
- You can entrust a guardian to take care of your minor children, it is important especially when your spouse loses such capacity or dies.
- A Will can provide a comprehensive protection to whom you most concern, so that reduce your uneasy and anxiety.
How will my assets to be distributed without a Will?
How the assets to be distributed according to Intestates' Estate Ordinance (Chapter 73)?