Can Your Will Cover Future Assets

Published on 25th August, 2016 by Benjamin Li Yong Le

Your Will can expressly be stated to include assets acquired in the future

There are many ways of structuring your Will.

Some people specifically itemise each of their assets in their Will, which beneficiary such assets should go to, and the respective proportions.

If you structure your Will this way, then the issue of what happens to future assets (e.g. new bank accoutns or properties) becomes apparent.

You can choose to make a new Will each time you acquire a big asset or you can simply include a clause in the Will that will specifically include all future assets

About the Author

Benjamin Li Yong Le (“Ben”) is an Advocate & Solicitor of the Supreme Court of Singapore. Ben is currently running his own boutique corporate and commercial law firm under the name and style of L’Avocat Law.