๐๐ ๐๐๐๐ฎ๐๐ฒ ๐ฃ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฎ๐น๐น๐ ๐๐๐๐ฒ๐ป๐๐ถ๐ฎ๐น?
One of the ๐๐๐ฌ๐ญ ๐ ๐ข๐๐ญ๐ฌ ๐ 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 ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ ๐ญ๐ข๐ฆ๐-๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐ข๐ง๐ ๐๐ง๐ ๐ก๐๐ฏ๐ ๐๐จ๐ฌ๐ญ๐ฅ๐ฒ ๐๐๐๐๐๐ญ๐ฌ ๐จ๐ง ๐ฒ๐จ๐ฎ๐ซ ๐ฅ๐จ๐ฏ๐๐ ๐จ๐ง๐๐ฌ.
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.ย While this is widely practiced, it is more important to note that ๐ฒ๐๐๐ฎ๐๐ฒ ๐ฝ๐น๐ฎ๐ป๐ป๐ถ๐ป๐ด ๐ถ๐ ๐ณ๐ผ๐ฟ ๐ฒ๐๐ฒ๐ฟ๐๐ผ๐ป๐ฒ ๐. It protects our beneficiaries as ๐ฐ๐ ๐ ๐๐ญ ๐ญ๐จ ๐๐ก๐จ๐จ๐ฌ๐ who we want to leave our money to (and it doesnโt even have to be a huge amount). This also ๐ซ๐๐ฆ๐จ๐ฏ๐๐ฌ ๐๐ง๐ฒ ๐ฅ๐๐ ๐๐ฅ ๐ก๐๐ฌ๐ฌ๐ฅ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐๐ซ๐๐๐ฏ๐๐ to manage the finances of the deceased. It ๐ฝ๐ฟ๐ผ๐๐ฒ๐ฐ๐๐ ๐๐ผ๐๐ฟ ๐ฎ๐๐๐ฒ๐๐ even through the lifetimes of your heirs.
It is even ๐บ๐ผ๐ฟ๐ฒ ๐ฐ๐ฟ๐๐ฐ๐ถ๐ฎ๐น ๐ถ๐ณ ๐๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ๐๐ป๐ด ๐ฐ๐ต๐ถ๐น๐ฑ๐ฟ๐ฒ๐ป, to ensure that should the unimaginable happen, they will be protected as estate planning (will) covers the appointment of a guardian; ๐ฎ ๐ฝ๐ฒ๐ฟ๐๐ผ๐ป ๐๐ผ๐ ๐ด๐ฒ๐ ๐๐ผ ๐ฐ๐ต๐ผ๐ผ๐๐ฒ ๐๐ผ ๐ฐ๐ฎ๐ฟ๐ฒ ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฟ ๐ฐ๐ต๐ถ๐น๐ฑ๐ฟ๐ฒ๐ป rather than leaving it to the courts (without a will).
Key Reasons Why Estate Planning Is Essential
๐ซฐ An Estate Plan Protects Beneficiaries
๐ซฐAn Estate Plan Protects Young Children
๐ซฐAn Estate Plan Protect Assets
Extracted from: Light House Legacy
๐Find out more on estate planning (will) and avoid potentially disastrous consequences for your descendants. ๐
๐ฉ ๐๐ผ๐ถ๐ป ๐จ๐ ๐๐ป ๐๐ต๐ฒ ๐จ๐ฝ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐ฃ๐ต๐๐๐ถ๐ฐ๐ฎ๐น ๐ช๐ถ๐น๐น ๐ช๐ฟ๐ถ๐๐ถ๐ป๐ด ๐ฆ๐ฒ๐บ๐ถ๐ป๐ฎ๐ฟ ๐ฉ
โ ๐ง๐ถ๐๐น๐ฒ: ๐ฌ๐ผ๐๐ฟ ๐ช๐ถ๐๐ต, ๐ฌ๐ผ๐๐ฟ ๐ช๐ถ๐น๐น, ๐ฌ๐ผ๐๐ฟ ๐ช๐ฎ๐ โ
๐ ๐๐๐ญ๐ก ๐๐๐ฉ๐ญ ๐๐๐๐, ๐๐๐ญ โ ๐๐๐๐ฆ
๐๐๐๐ ๐๐๐๐๐ก ๐๐, #๐๐-๐๐/๐๐ ๐๐๐ญ๐๐ฐ๐๐ฒ ๐๐๐ฌ๐ญ, ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ ๐๐๐๐๐๐ (๐๐๐๐ซ๐๐ฌ๐ญ ๐๐๐: ๐๐ฎ๐ ๐ข๐ฌ)ย
โ ๐ฅ๐ฒ๐ด๐ถ๐๐๐ฒ๐ฟ ๐๐ฒ๐ฟ๐ฒ https://engage.fa.com.sg/events/zephanielau/30septwillwriting/
๐ฉ ๐๐ฏ๐ผ๐๐ ๐บ๐ฒ โ https://engage.fa.com.sg/zephanielau/
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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.
“๐ฑ๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐ข๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ข!” โI 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.
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โโโโ ๐โ๐ฆ ๐๐๐ฉ๐ก๐๐ง๐ข๐, ๐๐ง ๐๐ง๐๐๐ฉ๐๐ง๐๐๐ง๐ญ ๐ ๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐๐ฏ๐ข๐ฌ๐จ๐ซ ๐๐๐ฉ๐ซ๐๐ฌ๐๐ง๐ญ๐๐ญ๐ข๐ฏ๐. ๐๐ ๐ฒ๐จ๐ฎ’๐ซ๐ ๐ฅ๐จ๐จ๐ค๐ข๐ง๐ ๐ญ๐จ ๐ฅ๐๐ฏ๐๐ฅ ๐ฎ๐ฉ ๐ฐ๐ข๐ญ๐ก ๐ ๐ก๐จ๐ฅ๐ข๐ฌ๐ญ๐ข๐ ๐๐ง๐ ๐ฎ๐ง๐๐ข๐๐ฌ๐๐ ๐๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐ฉ๐จ๐ซ๐ญ๐๐จ๐ฅ๐ข๐จ, ๐ฅ๐๐ญโ๐ฌ ๐๐จ๐ง๐ง๐๐๐ญ! ๐๐ก๐ข๐ฌ ๐ฒ๐๐๐ซ, ๐ ๐๐ข๐ฆ ๐ญ๐จ ๐๐ง๐ ๐๐ ๐ ๐ข๐ง ๐๐๐๐ฉ๐๐ซ ๐๐จ๐ง๐ฏ๐๐ซ๐ฌ๐๐ญ๐ข๐จ๐ง๐ฌ ๐ฐ๐ข๐ญ๐ก 60 ๐ง๐๐ฐ ๐ฉ๐ซ๐จ๐๐๐ฌ๐ฌ๐ข๐จ๐ง๐๐ฅ๐ฌ. ๐๐ ๐ฒ๐จ๐ฎ’๐ซ๐ ๐๐ฅ๐ฌ๐จ ๐ฅ๐จ๐จ๐ค๐ข๐ง๐ ๐ญ๐จ ๐๐ฑ๐ฉ๐๐ง๐ ๐ฒ๐จ๐ฎ๐ซ ๐ง๐๐ญ๐ฐ๐จ๐ซ๐ค, ๐๐ ๐ฆ๐โ๐ฅ๐๐ญโ๐ฌ ๐ ๐ซ๐จ๐ฐ ๐ญ๐จ๐ ๐๐ญ๐ก๐๐ซ! โโโโ
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