"Why some families will end up poorer (and some will end up broke) when somebody passes away?" 

 

Many assume the value of their wealth will be the same after death and it will be distributed fairly and in harmony among the beneficiaries.  The truth is far from the common assumption.  While the love of money is said to be the root of all evil, lack of proper estate planning is the main cause of Leakage, Abuse, Tussle and Estate Embezzlement (L.A.T.E.).

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Did you know that your family will be left scrambling to deal with your estate if you pass away without a valid will and proper estate planning? And in the worst scenario, it could pass on to unintended beneficiaries.

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Our one-hour talk will answer all your questions and debunk myths regarding Will, Trust and Estate Distribution:

• Do I need a will? How to write up a will?

• What is the requirement of a valid will? Do I need to a lawyer to write a will?

• How will my assets be distributed without a will?

• Who is an executor? What are the duties of an executor?

• Why should I appoint a professional executor? 

• What will happen to my CPF when I pass away? 

• What will happen to my overseas property and investment in the event of death?

• What will happen to my debts when I pass away?

• Can a minor (children below 21 years old) receive the inherited wealth?

• Why children from a single mother may not be able to receive an inheritance?

• Who will take care of my children in the event of a double disaster  (both parents pass away at the same time)? Who will manage my wealth?

By the end of the talk, you will be equipped with the knowledge you need to avoid common pitfalls and create a well-thought estate planning that preserves your legacy for years to come.

Key topics: ​Will Writing, CPF Nominations, Insurance Nomination, Intestate Succession Act, Estate Duty and Inheritance Tax