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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