Why Set Up a Trust?
Aside from wills, trusts are also one of the estate planning tools used to organize, transfer and protect your assets. A trust is a legally binding arrangement in which a trustee is assigned to hold and manage assets for the benefit of beneficiaries. With this responsibility, the trustee holds legal title to trust property and […]
4 Situations To Hire a Professional Executor of Will
When it comes to writing your will, aside from deciding who to leave your property as well as other assets to, or even to decide who to disinherit in your will, another major decision you will need to make is deciding who you should choose as your executor. Appointing the right executor is undoubtedly one […]
Do You Need a Letter of Wishes?
In addition to writing a will and establishing trusts within your estate plan, you might be keen on complementing them with further information and guidance on how you would like your assets to be handled, this is where a Letter of Wishes will come in place. What is a Letter of Wishes? A Letter of […]
Can I Use My Will to Distribute Insurance Policy Proceeds?
If you have purchased insurance policies, you may have already made nominations which put in place the nominees who will receive the insurance policy proceeds in the event of your death or permanent disability, depending on the type of insurance you have bought. Unlike CPF monies which cannot be distributed with a will, insurance policy […]
Estate Planning: 4 Steps to Protect Your Digital Assets
When it comes to estate management and planning, the assets that come to mind will most likely be tangible objects like money, properties, cars and so on. However, in this day and age, we cannot deny that a large part of our lives is intertwined with the digital world and we have to be aware […]
3 Estate Planning Tips for the Sandwich Generation in Singapore
The Sandwich Generation refers to people who need to take care of and support both their parents and their own children. The trends of an increasing aging population and having children at a later age have contributed to the phenomenon of the Sandwich Generation in Singapore. Estate planning for the Sandwich Generation in Singapore requires […]
Bona Vacantia: Dying Without a Will or Next of Kin in Singapore
In Singapore, section 7 of the Intestate Succession Act is enforced to distribute the deceased’s estate to the surviving next of kin if he or she passes away without a will. But what if you die without a will and next-of-kin in Singapore? Rightfully, the government will get the estate if the deceased does not […]
What To Do If You Cannot Find an Executor for Your Will?
What is an Executor of Will? You may be wondering: what does an executor of will do? An executor is a person who will be tasked to carry out the instructions in a will. Their duties include applying to the court for a Grant of Probate (of which a probate lawyer can be hired to […]
What Does an Executor of Will Do?
You might be reading this article because you have just been appointed an executor of will or are looking to understand the duties and responsibilities of an executor so that you know who you can appoint as one when writing a will. An executor is an important role in estate planning and should be carefully […]
A Complete Guide to Estate Planning in Singapore
Many Singaporeans put off estate planning for much later in life for several reasons — some think that this endeavour is only for the wealthy and that they do not possess many assets or wealth. Some others think it’s too costly to enlist the services of an estate planning lawyer, or that they simply lack […]