Writing a Last Will and Testament in Singapore is a crucial step in securing your legacy and ensuring your loved ones are taken care of. As you embark on estate planning in Singapore, a common question often arises: "Do I need a lawyer to write my Will?" The short answer: not necessarily, but it heavily […]
When a tragedy strikes a family, and a parent or spouse passes away, the last thing the family would like to do is to be scrambling about looking for documents and papers to begin the probate or estate administration process. This is one of the steps that potentially take a lot of time to put together, especially […]
So, this is Step 3 of the 7-Step Estate Planning Framework. In case you need to refresh your memory on the other steps, here they are: Step 1: Ensure Estate SurplusStep 2: Ensure Estate LiquidityStep 3: Plan Your Estate WiselyStep 4: Write Your WillStep 5: Register Your Will & Keep It SafelyStep 6: Consider Other Tools: Trusts, AMD, LPA & HOTA/MTERAStep 7: Review […]
We are now at Step 2 of the 7-Step Estate Planning Framework. In this step, our focus is to review the assets that we have tabulated and to make sure that there will be sufficient liquidity in the estate to deal with short term and long term funding needs. You can find all the steps here: […]
Here's the next post in this series on the 7-Step Estate Planning Framework. Previously, we provided an overview of the 7 steps you can use to prepare an estate plan. In this post, we will look into more details about how to go about determining if you will have a surplus of estate to take […]
In the previous blog post (Do I need Estate Planning), we have explored what estate planning is, and some key objectives of estate planning. Now that you are clearer about what we hope to achieve, let's explore the high-level steps involved in estate planning. You should go through this process on our own first, consolidating […]
When you hear the words "estate planning" or "legacy planning" you'd usually think that wealthy individuals are the only ones who need it. You may feel: "I don't have so much money that I'd need formal ESTATE PLANNING". But you couldn't be more wrong. Regardless of how much money you have, you need to think […]
