𝗜𝘀 𝗘𝘀𝘁𝗮𝘁𝗲 𝗣𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗥𝗲𝗮𝗹𝗹𝘆 𝗘𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹?
One of the 𝐛𝐞𝐬𝐭 𝐠𝐢𝐟𝐭𝐬 💖 for your loved ones is to leave a legacy of care for them upon your passing on. Death may be a subject taboo to many or a topic too unimaginable to openly discuss with loved ones.
However, we need to confront the unavoidable truth that death comes to us all. When it happens, will you like your beloved family members to be well taken care of? Many financial blogs or estate planning websites caution that without estate planning (will), settling your affairs upon death can and 𝐰𝐨𝐮𝐥𝐝 𝐛𝐞 𝐭𝐢𝐦𝐞-𝐜𝐨𝐧𝐬𝐮𝐦𝐢𝐧𝐠 𝐚𝐧𝐝 𝐡𝐚𝐯𝐞 𝐜𝐨𝐬𝐭𝐥𝐲 𝐞𝐟𝐟𝐞𝐜𝐭𝐬 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐥𝐨𝐯𝐞𝐝 𝐨𝐧𝐞𝐬.
A common fallacy is that estate planning is solely for the well-heeled as it covers inheritances of assets and/or establishing trust funds etc. While this is widely practiced, it is more important to note that 𝗲𝘀𝘁𝗮𝘁𝗲 𝗽𝗹𝗮𝗻𝗻𝗶𝗻𝗴 𝗶𝘀 𝗳𝗼𝗿 𝗲𝘃𝗲𝗿𝘆𝗼𝗻𝗲 💖. It protects our beneficiaries as 𝐰𝐞 𝐠𝐞𝐭 𝐭𝐨 𝐜𝐡𝐨𝐨𝐬𝐞 who we want to leave our money to (and it doesn’t even have to be a huge amount). This also 𝐫𝐞𝐦𝐨𝐯𝐞𝐬 𝐚𝐧𝐲 𝐥𝐞𝐠𝐚𝐥 𝐡𝐚𝐬𝐬𝐥𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐛𝐞𝐫𝐞𝐚𝐯𝐞𝐝 to manage the finances of the deceased. It 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝘀 𝘆𝗼𝘂𝗿 𝗮𝘀𝘀𝗲𝘁𝘀 even through the lifetimes of your heirs.
It is even 𝗺𝗼𝗿𝗲 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝗶𝗳 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘆𝗼𝘂𝗻𝗴 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻, to ensure that should the unimaginable happen, they will be protected as estate planning (will) covers the appointment of a guardian; 𝗮 𝗽𝗲𝗿𝘀𝗼𝗻 𝘆𝗼𝘂 𝗴𝗲𝘁 𝘁𝗼 𝗰𝗵𝗼𝗼𝘀𝗲 𝘁𝗼 𝗰𝗮𝗿𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗰𝗵𝗶𝗹𝗱𝗿𝗲𝗻 rather than leaving it to the courts (without a will).
Key Reasons Why Estate Planning Is Essential
An Estate Plan Protects Beneficiaries
An Estate Plan Protects Young Children
An Estate Plan Protect Assets
Extracted from: Light House Legacy
🌈Find out more on estate planning (will) and avoid potentially disastrous consequences for your descendants. 🌈
🟩 𝗝𝗼𝗶𝗻 𝗨𝘀 𝗜𝗻 𝘁𝗵𝗲 𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗣𝗵𝘆𝘀𝗶𝗰𝗮𝗹 𝗪𝗶𝗹𝗹 𝗪𝗿𝗶𝘁𝗶𝗻𝗴 𝗦𝗲𝗺𝗶𝗻𝗮𝗿 🟩
✍ 𝗧𝗶𝘁𝗹𝗲: 𝗬𝗼𝘂𝗿 𝗪𝗶𝘀𝗵, 𝗬𝗼𝘂𝗿 𝗪𝗶𝗹𝗹, 𝗬𝗼𝘂𝗿 𝗪𝗮𝘆 ✍
📆 𝟑𝟎𝐭𝐡 𝐒𝐞𝐩𝐭 𝟐𝟎𝟐𝟑, 𝐒𝐚𝐭 ⌚ 𝟏𝟎𝐚𝐦
📍𝟏𝟓𝟎 𝐁𝐞𝐚𝐜𝐡 𝐑𝐝, #𝟏𝟐-𝟎𝟏/𝟎𝟖 𝐆𝐚𝐭𝐞𝐰𝐚𝐲 𝐖𝐞𝐬𝐭, 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝟏𝟖𝟗𝟕𝟐𝟎 (𝐍𝐞𝐚𝐫𝐞𝐬𝐭 𝐌𝐑𝐓: 𝐁𝐮𝐠𝐢𝐬)
✉ 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗛𝗲𝗿𝗲 https://engage.fa.com.sg/events/zephanielau/30septwillwriting/
🟩 𝗔𝗯𝗼𝘂𝘁 𝗺𝗲 – https://engage.fa.com.sg/zephanielau/
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#pexel #chooseindependent #estateplanning
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.
“𝙱𝚎 𝚝𝚑𝚎 𝚊𝚛𝚌𝚑𝚒𝚝𝚎𝚌𝚝 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚏𝚒𝚗𝚊𝚗𝚌𝚒𝚊𝚕 𝚍𝚎𝚜𝚝𝚒𝚗𝚢!” ✍I am a seasoned Financial Advisory Manager in Singapore, with over a decade of expertise, committed to transforming lives. I stand ready to guide Working Adults in Singapore towards greatness through meticulous Financial Planning and Independent Financial strategies.
As Warren Buffett wisely said, “𝗦𝗼𝗺𝗲𝗼𝗻𝗲 𝗶𝘀 𝘀𝗶𝘁𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗵𝗮𝗱𝗲 𝘁𝗼𝗱𝗮𝘆 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝘀𝗼𝗺𝗲𝗼𝗻𝗲 𝗽𝗹𝗮𝗻𝘁𝗲𝗱 𝗮 𝘁𝗿𝗲𝗲 𝗮 𝗹𝗼𝗻𝗴 𝘁𝗶𝗺𝗲 𝗮𝗴𝗼.” Let me help you plant the seeds of financial success, so you can bask in the shade of abundance in the Singapore Financial Hub.
“I am not a product of my circumstances. I am a product of my decisions.” With your goals in sight, I become your relentless Goal Getter, ensuring nothing holds you back from achieving your dreams.
Remember, “Time is more valuable than money. You can get more money, but you cannot get more time.” Let’s avoid wasted efforts on wrong choices and focus on what truly matters, uncovering the meaning of life and securing your future.
With your vision and my guidance, we shall create a legacy of financial empowerment, proving that success is within reach for every determined soul. Let’s ignite the fire of transformation and begin our journey today! 🌟💼
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