WILL SURVEY

A team of 4 students from Temasek Polytechnic were commissioned by Simply Wills to conduct a marketing survey on the following areas in 2011 :

1. How many of those interviewed do not have a Will written;

2. The reason(s) why they have not written their Wills;

3. Their understanding of the intestacy rules;

4. Their opinion on the cost of writing a Will;

5. Their perception on who can provide the service;

6. Their understanding on the requirements of a valid Will;

7. Their understanding of Wills Registry.

Here are some of the findings :

• 87% of the working adults in Singapore do not have a Will written yet;
• 18% of those interviewed are considering making one;

Their Age Group :

Age 21-30 : 15%
Age 31-40 : 30%
Age 41-50 : 35%
Above 50 : 20%

• 18% of those interviewed accurately indicated that there are 9 intestacy rules;
• 51% of those interviewed thought that a Will made must be registered with the Wills Registry to be recognized as a valid Will.

For assistance, please contact us at makeawillsingapore.com