What is a Promissory Note? A promissory note is a written and signed unconditional promise made by a borrower to pay a certain sum of money to a specified party. This party may be a person or company. Promissory notes are governed by the Bills of Exchange Act. Why Should…
Posts written by Darshini
Divorce Issues for Singapore Fathers: Child Custody, Asset Division etc.
This article is intended to provide useful advice to fathers contemplating divorce. At the outset, it is important to bear in mind that family law is about balancing the rights of both spouses, and what is in the best interests of any children they have, so that there is a…
6 Reasons to Make Your Lasting Power of Attorney While You Still Can
The benefits of drawing up a will are widely recognised. It gives the maker of the will the opportunity to set his estate affairs in order by selecting as executors, the individuals best suited for the role and, by giving them the necessary instructions on how to administer the estate…
How to Leave Property to Your Children in Your Will in Singapore
Whether you own a cozy condominium, a humble 3-room HDB flat or a palatial detached bungalow, you would need to ensure that your property is distributed in a way that suits both you and your family’s best interests upon your passing. Before parents choose to leave property to their children…
3 Reasons for an Equipment Lease Agreement
What is an Equipment Lease Agreement? An equipment lease agreement, or equipment hire agreement, is a written agreement between two businesses where one business (the lessor), leases or rents equipment to another business (the lessee) for a fee (rental). Businesses whose business model involve: Hiring out equipment for a fee;…
How to Create a Muslim Charitable Trust in Singapore
“Wakaf” is an Arabic word that simply means “endowment”. The Administration of Muslim Law Act (AMLA) defines “wakaf” as a Muslim’s permanent dedication of property for any purpose recognised by Muslim law as: Pious; Religious; or Charitable. Once the property is dedicated as wakaf, it no longer belongs to any…
The Royal Wedding: Lessons in Estate Planning
The Royal Wedding, and Estate Planning On 19 May 2018, wedding bells tolled at St. George’s Chapel for Prince Harry, sixth in line to the English throne, and Meghan Markle, an actress best known for her role in the popular legal drama, Suits. Thousands thronged the streets to celebrate the…
How Much Will It Cost to Hire a Probate Lawyer in Singapore?
Probate is a term commonly used to describe the process of applying for the right to deal with the affairs of someone who has died. In order to obtain the legal authority to deal with the deceased person’s assets (property, money and belongings which are collectively referred to as the…
