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Why it’s important that you draft your will now if you haven’t already
Asset distribution can be a sensitive topic among family members. If there is no will, or perhaps the will is unclear or invalid, dissatisfactions may arise. Open to discover what could happen to your loved ones if you fail to draft a will before your passing…
Why you’ll need a Lasting Power of Attorney (LPA)
An LPA is a legal instrument that allows a person who is at least 21 years old to voluntarily appoint one or more persons to make decisions and act on behalf of them should they lose their mental capacity to make informed decisions one day. Open to find out more about the benefits of having an LPA:
What to consider when appointing an executor
When drafting a will, one key consideration is determining who shall be your executor(s). An executor of a will is someone responsible for administering the assets and carrying out the wishes of the deceased as per his or her will. An executor is not necessarily a lawyer because… Open to read more:
5 Estate planning tips for people without children
Having one of the highest life expectancies in the world in 2018 coupled with decreasing birth rates, Singapore is currently dealing with an increasingly ageing population. In 2017, Singapore had the lowest fertility rate in the world with only 0.83 children per woman. Since more Singaporeans are not planning to have children, what are the appropriate estate planning measures that concern them? Open to read more:
Last Will and Testament: More than just the distribution of your assets.
Have you ever thought about writing a will? Some believe their assets are too small to worry about, others worry that the costs of writing a Last Will are too high. Others just don’t get around to it. While a will is used to distribute assets, it’s not just all about the money. If you’ve got a family, home, and a savings account, you should definitely have one.
Understanding the 5 estate planning tools: Will, Trust, Lasting Power of Attorney, Life insurance policies and CPF nomination
While you may think that estate planning is only for the wealthy, anybody who has an estate and wants to provide for their loved ones can get valuable estate planning. This includes the money that you have in your bank account, a life insurance policy, or a property. Because estate planning is all about planning how you want your estate to be managed and distributed after your passing. Open to read more:
Understanding the differences between a will and a trust in Singapore
Estate planning ensures that the people you love get what you wish them to get. And there are six common estate planning tools that can help you with this in Singapore, including wills and trusts. It’s important to understand how will and trust work and their differences as it helps estate owners to gain better clarity on which steps to take to preserve or transfer wealth. Open to read more…
Will Writing for Married Couples: Where to begin?
After marriage, couples may want to plan their wills together and plan for their assets together as well. There are 3 types of wills for married couples: Joint Will, Mutual Will, and Mirror Will. These types of wills are typically made by couples to protect each other and young children if one party or both parties pass away. Open to read more:
Estate planning checklist for Financial Advisers in Singapore
Estate planning can be an overwhelming experience for many people. Therefore, Financial Advisers should use this opportunity to level up and provide estate planning services. To find out what are the top 5 things needed in an estate planning checklist, open to read more: