4 Reasons You Need an Estate Plan in Singapore

You live in a leasehold HDB flat, and you don’t possess millions of dollars in assets. By all accounts, you don’t really have much in terms of fortune—the type that is possessed by the crazy-rich scions of wealthy families and the kind that is romanticised in movies and TV shows. So why exactly should you have an estate plan when it looks like it’s going to be a walk in the park disposing of your assets anyway when the time finally comes for you to bite the dust?

There are several important benefits to having an estate plan in Singapore. In this short guide, we’ll quickly go through some of them.

Estate Planning Will Allow You to Dispose of Your Assets According to Your Wishes

The quick answer to the question of why estate planning is important is quite simple: it is a legal and effective method of making arrangements to manage your estate and financial affairs when you pass on. If you don’t have a will, a trust, or a lasting power of attorney, your assets will be distributed according to Singapore’s intestacy laws, supplanting your actual wishes on how you may have wanted them disposed of.

Imagine the amount of frustration and heartache your loved ones may have to go through when it is the state that gets to have the final say about what to do with the assets you leave behind. Designating your beneficiaries and appointing “attorneys” who can act on your behalf can save your family members the time, money, and aggravation while ensuring that your estate is distributed exactly in the manner that you desire.

An Estate Plan Takes Care of Your Dependents

We’ve already established that estate planning benefits not only the rich; it also benefits just about every other person of legal age in Singapore. However, it’s most especially advantageous to those with dependants, like children, elderly parents, or family members with disabilities.

This is the most important element of estate planning: designating your heirs no matter how much or how little you might have. You get to have a say what happens to your savings, investments, and real properties should something happen to you. You’re able to make sure that your loved ones are taken care of and that they will benefit from the wealth you’ve accumulated specifically for the purpose of providing for them in the first place.

Estate planning will also allow you to determine what happens to your CPF savings after your death. Because CPF savings—like the balances you might leave behind in your Ordinary, Medisave and Special or Retirement Accounts—are not considered part of your estate, it is important for you to make a CPF nomination. Otherwise, your CPF savings will be transferred to the Public Trustee’s Office (PTO), which will then distribute your assets to your family depending on how they see fit. This will be done according to the Intestate Succession Act Singapore citizens abide by.

Creating an Estate Plan Also Helps You Prepare for Your Own Needs

It’s true that an estate plan allows you to elect your heirs when you pass away, but did you know that estate planning can also help you prepare for your own needs in the event that you lose your mental capacity or become unable to make decisions for yourself?

Estate planning can help you appoint people you trust to act on your behalf through a legal document called a Lasting Power of Attorney (LPA). Doing so will allow you to safeguard your interests and give you peace of mind, knowing that your loved ones can make decisions for you should you ever lose your ability to make financial and legal decisions while you are still alive.

Take note that members of your family are not automatically given the right to legally act on your behalf, a fact that can hinder their ability to look after your needs. Only an LPA can make sure that they will be able to manage your estate legally and make arrangements for your everyday care.

Estate Planning Will Prevent Conflicts from Erupting within Your Family

What’s worse than dying and not having a say in whether or not the people you love will benefit from the estate you leave behind? It’s probably dying and having members of your family fight over your money and properties. It’s the kind of drama that you’ve probably seen somewhere on television before, one that can get really ugly and leave you rolling over in your grave.

Creating an estate plan allows you to preemptively terminate such conflicts. By designating who is legally responsible for your assets when you become mentally incapcitated, or by deciding how much each of your heirs will get when you pass away, there will be no room for strife to occur. You’ll also be able to prevent any relatives you might hate with a passion from even attempting to get a share of the pie, which is probably one of the most desireable benefits of protecting your assets with an estate plan.

Estate planning is not just the domain of the rich and the powerful in Singapore. Anyone with any amount of assets will benefit from the protection that a well-thought-out and well-executed estate plan brings. It can be a complex and challenging process, but it’s a necessary one that will make your family more ready to face the uncertainties of a future without you.

 

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How To Lose Weight Gained During Pandemic

Change in eating habits is one of the evident changes that 2020 brought us. In fact, almost one-third of Singaporeans gained weight during the pandemic. The average increase in weight of 500 Singaporean respondents was 5 kilograms.

It is not difficult to realize why someone gained weight during the pandemic. For starters, we spent most of our time at home. From cooking our comfort food to having easy access to food delivery apps, COVID-19 created a perfect storm for people who struggle with weight.

Our lives have been disrupted in a massive way. Fitness studio closures have upended exercise routines and stress elevated for parents who suddenly had to work from home while teaching their kids. Some people had to postpone medical check-ups too. The stress brought by this challenging time influenced how we consume food. To change your eating habits for the better, you must start small. You do not need to break the bank for that!

TAKE SMALL STEPS

We are all stressed right now. Trying to overhaul your lifestyle completely will add more to the plate. Instead, ask yourself what small step you can take to change your eating habits. You may start by eliminating processed or junk food from your daily menu.

CREATE A DAILY ROUTINE

Eat on a schedule. Work from home means you have access to food 24/7. Your days are probably less structured too. Hence, you must plan for your lunch and breaks. Stick to this schedule and be aware of what you take in. If you wear loose-fitting clothes every day, it is easier to ignore the weight gain.

CONTROL YOUR PORTIONS

Trick your brain to eating less by using a smaller plate. You can also drink a big glass of water before you eat. You can eat proteins first, because they will make you feel fuller. Controlling your portions can help you lose weight.

Image Credits: pixabay.com

SCHEDULE TIME FOR EXERCISE

As you are mainly working from home, you may try other forms of physical activity such as online Yoga classes. Exercise is not the primary factor for weight loss, but it plays a role in keeping weight off once you lose it. It helps you maintain your current weight, boost your mood, and strengthen your body.

GET QUALITY SLEEP

Focus on healthy eating, regular exercises, and getting a good night’s sleep to foster weight loss. This means enjoying seven to eight hours of sleep a night. According to experts, “there is a lot of evidence that people who do not get enough sleep are more likely to be overweight or obese.” Sleep, to some extent, affects our physical and mental well-being.

Sources: 1, 2, & 3

 

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11 realisations we had while watching the first part of Bling Empire

Bling Empire Netflix cover image

Bling Empire’s the rage right now. It’s probably one of the trending keywords in Singapore and among several other Asian communities. The new reality show by Netflix which aired on 15 January features the life stories of a group of rich Asians living in Los Angeles. This includes Kane Lim, a Singaporean cast member. 

We read from an exclusive interview that Kane gathered his LA friends to form Bling Empire’s cast. Together with Kelly Mi Li, they were the ones who pitched the reality show idea to Jeff Jenkins. Jenkins is the producer who was in charge of Keeping Up With The Kardashians’ production.

There are already a couple of reviews on Bling Empire, so we will spare you from that. What we are keen on focusing on is not the way the rich flaunt their wealth. Instead, while watching the program, we had some meaningful realisations. Here are 12 that stuck with us while watching the first part (episodes 1 to 4).

Fashion & Business

#1: Less is more when it comes to jewellery

Less is more when it comes to jewellery

Do you agree with Christine that more is more when it comes to jewellery? Putting the wealthy mindset aside, we agree more with Coco Chanel that simplicity is the keynote of all true elegance. It’s also wise that you heed this advice, “Before you leave the house, look in the mirror and remove one accessory.”

#2: Never put the offer first

Never put the offer first

This is some wise advice on the art of negotiation. While it may not work in every workplace or client discussion, if you can, take it from Kane to allow the other party to give you an offer first before closing the deal. This could even work for a new job’s salary negotiation if done wittily and correctly!

Life & Relationships

#3: Live life to its fullest

Live life to its fullest

What a powerful reminder to have at the start of 2021. Everyone has their definition of what “fullest” means. No matter the intention, we think it’s essential that we live life within our means. Hold that swipe at the store if you think you won’t be able to clear that credit card bill at the end of its cycle.

#4: The right person will come along when it’s due

The right person will come along when it’s due

Kim shared in Bling Empire that her mum advocates the idea of working hard, being independent, and not worrying about any man. This is especially true for ladies (and gentlemen) who are worried about their love life. Focus on yourself first, and the right person will come to you when it’s due.

#5: Sex benefits of caviar

Sex benefits of caviar

According to Cherie, caviar is a natural viagra for men. We researched and found that high-fat animal foods like caviar can help stimulate the production of sex hormones such as testosterone. Think you can afford some to boost your libido? Check out where to have premium caviar in Singapore.

#6: True change takes time

True change takes time

Dr Bethany Marshall, the psychoanalyst who was featured during Kelly and Andrew’s therapy session, revealed an excellent point. That is, real change takes place slowly. While it’s good to be quick to forgive, remember that a person does not overturn their bad habits overnight. Be sure to give it some time before you reassess your relationships status and make the next move.

#7: Ability to control people with money

Ability to control people with money

While discussing the topic of surrogacy, Christine’s husband, Dr Gabriel Chiu, commented that when it comes to using money to control people, it’s possible. What are your thoughts? Considering most of us being placed towards the end on a financial spectrum, would you gladly be governed by the rich using money as a weapon?

#8: Need for privacy in sharing about your relationship

Need for privacy in sharing about your relationship

We’ve got to agree with Andrew that privacy is necessary for a relationship. Oversharing your relationship issues can stir up troubles, especially if your partner is one that values privacy. Kane shared in an episode about Kelly’s sex life with Andrew and Kevin. As Ryan Howes, a psychologist in Pasadena, California, rightly points out, “Without consent, discussing the specifics of your sex life should be a no-no.”

#9: Be respectful as a house guest

Be respectful as a house guest

With the approaching Chinese New Year, there’s no better time than now to remind yourself to be respectful when home visiting. Kim and Guy are the exact opposite of who you should be – walking into Anna’s bedroom and shower and then invading her privacy by throwing a penis pump out of her house window in front of other guests.

#10: Apologies has its limits

Apologies has its limits

Kevin decided to be the bigger person and apologise because Kim felt no remorse in her actions. Though it’s praiseworthy to be the person apologising when it seems like you’re not at fault, sometimes it’s better to let the situation cool before relooking into it again. This is to prevent similar problems from happening again.

#11: Perspectives matter

Perspectives matter

It takes courage to look back on one’s life and make a comment as Anna did. In episode four, Anna revealed that though she had four marriages and then divorced following, it was good. No, we’re not backing that divorce is the only way out for problematic relationships, but more of seeing the good in the past while moving on to the next chapter in life. All things happen for a reason!

Did the abovementioned realisations speak to you? Watch it on Nextflix if you’re keen! Meanwhile, please excuse us as we continue with the second half of Bling Empire for more life takeaways.

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Why a Positive Role Model is Necessary for Primary School Students

be a good role model to your child

In the year 1961, renowned psychologist Albert Bandura carried out his trademark Bobo doll experiment on behavioural models. Here, a group of students were exposed to a group of grown-ups physically and verbally abusing a Bobo doll. The students were then provoked with a negative situation and their behaviour observed. Soon enough, the experimenters observed the children punching and abusing the Bobo doll, mimicking the nasty behaviour they had just noticed. In contrast, another group of students who had witnessed non-aggressive behaviours did not engage in such aggressive acts.

Bandura’s Bobo doll experiment paved the way for his much-acclaimed social learning theory, emphasising the significance of “role models” in a child’s life. Bandura’s observation that children model – or mimic – adult behaviour has led psychologists to study the converse of this study, i.e., the role of positive role-models on children’s behavioural patterns. Therefore, for parents and teachers, it is necessary to mind language, action and other behaviours in front of children. 

Let us look at some ways in which positive adult role-models significantly mould students’ behaviours:

1. As Emotional Anchors

When children observe an adult’s positive behaviours and look up to them, they also tend to rely on them for emotional support. They feel free to express their emotions to such adults and may open up to them even when they sense any impending threats. Over time, positive role-models tend to provide children with a comfortable space where they can voice their feelings without being judged. 

Children take their cues from the adult, and if you are attentive when listening, instead of cutting off the child, or engaged in your smartphone, the child will stop sharing.

2. Windows to the Social World

Human beings are social animals who rely on one another to create their support-systems. Behaving in socially beneficial ways can help them establish healthy relationships and contribute to their social well-being. Positive adult role-models allow children to distinguish socially relevant behaviours from the potentially harmful ones and thus live in social harmony.

Manners and mannerism both are inculcated from a young age, and hence, it is important to help a child maneuver good and bad behaviours.

3. Confidence Boosters in a Topsy-Turvy World

In a world that continually challenges our resilience, positive role-models can restore a child’s confidence and foster hope. Such an adult can explicitly and implicitly motivate children to never give up on themselves and work on their self-esteem. For example, teachers and counsellors at reputed primary schools in Punggol and other prominent cities help students deal with major issues like bullying, negative self-image, and stress.

Here, we go back to the first point. It is important for the child to know that they are adults who listen to them without judging. it will help them to reach out at the earliest.

4. As Motivators to Constantly Push the Envelope

At times when students feel demotivated or confused about their true passion, adult role-models can help them realise their potential and work towards achieving their goals. They encourage students to shed their comfort zones and “shoot for the moon to land among the stars”. Indian schools in Singapore and other such educational hubs offer diverse extracurricular and co-curricular activities that accommodate different areas of interest. 

Positive role-models fuel students’ passion and help them earmark their preferred domains

5. Sounding-Boards and Advisors During Trying Times

Sound advice when asked for can considerably change one’s direction in life for the better. Adult-role models provide such timely advice and guidance, enabling students to pick the right path and steer clear of danger. Since students recognise that their role-models have only their best interests in mind, they would typically hold their advice in high regard.

Again, it is important to create a safe space. A child should know that all the fears and shame they share will stay with the adult and not be spilled to other children.

6. Calling a Spade, a Spade: Constructive Criticism

Besides the much-needed appreciation and encouragement, every human-being, including every child, also requires someone to point out their mistakes objectively. Adult role-models provide students with constructive criticism, offering practical solutions to counter their weaknesses. 

Nuanced feedback helps students recognise and work on their flaws, eventually becoming better versions of themselve.

7. Mentors for Figuring Out the Future

Students are often confused about what courses to take up post their matriculation. While taking aptitude tests helps them gain better clarity, personal touch to the whole process can help students find their niches.  Positive role-models provide a holistic perspective to such students by enabling them to consider their various options. 

Never dictate to the child. To the child, it may come across as a non-verbal cue of doing one thing without considering the other. Instead, encourage them to take informed decisions. 

 Conclusion

Children often tend to emulate the adults they observe around them. As a result, positive role-models help them to develop into well-adjusted, sensitive and mature human-beings who can distinguish the right from the wrong. A role-model may practically be any adult they frequently interact with – parents, teachers, counsellors, other caregivers etc. Top international schools across the globe consist of teachers and counsellors who not only preach but also model the expected behaviours for children to imbibe.

 

 

 

 

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Airbnb x K-pop: Exclusive Online Experiences festival to meet stars like MONSTA X, The Boyz & Jamie

Airbnb exclusive Online Experiences K-pop festival

Want an up-close encounter with your favourite K-pop stars? Thanks to Airbnb’s exclusive Online Experiences festival, you will get the chance to interact with some of the hottest celebrities in Korea without having to fly there.

Bookings will be available from Thursday, 21 January, starting at 7am (Singapore time). With more than 10 over K-pop experiences priced from just S$27, we’ve picked out some Online Experiences that you will love.

#1: Enter a mukbang with Joohoney & I.M of MONSTA X
Joohoney & I.M of MONSTA X

Image Credits: AllKpop

Date: Monday, 25 January

Time: 9am to 10am

Hosted in: English

Join the lead rappers of MONSTA X in this one-hour mukbang adventure. Mukbang (written as 먹방 in Korean) literally translates to “eat room”. By joining this “eating show” with Joohoney and I.M, you will get a glimpse of Korea’s convenience store food. They will share with you their unique convenience store food recipes and selected Korean seasonal dishes. Feel free to bring along your snacks to munch on during the experience.

#2: Make beaded bracelets with The Boyz
The Boyz

Image Credits: Soompi

Date: Monday, 25 January

Time: 12pm to 1pm

Hosted in: English

Are you trying to find an activity to rid you of the recent stress and anxiety build-up? Bring along your beading DIY kit and join Jacob, Kevin, Ju Haknyeon, and Eric from The Boyz in this lunchtime session. This is your chance to chat with the members that debuted in December 2017. The Boyz is also the winner of a television programme named “Road to Kingdom” that aired last year.

#3: Cravity invites you to their recipe-sharing session
Cravity members

Image Credits: Metro

Date: Monday, 25 January

Time: 3pm to 4pm

Hosted in: Korean

If you can understand and speak in Korean, why not join Cravity in their one-hour recipe-sharing session? Members of the boy group like Woobin, Allen, Seongmin, and Hyeongjun will be your hosts of the Airbnb Online Experience! Along with their guidance, you will be preparing a Korean dish called Gungjung Tteokbokki (written as 궁중떡볶이 in Korean). The delicacy that’s usually prepared with soy sauce instead of red chilli paste/gochujang will transport you to the royal palace during the Joseon dynasty.

#4: Nail your K-beauty routine with Jamie
Jamie Park

Image Credits: Koreaboo

Date: Wednesday, 27 January

Time: 9am to 10am

Hosted in: English

Fans of all things Korea might be familiar with the multi-seasonal South Korean television series titled “K-Pop Star’. If yes, the name “Park Jimin” might ring a bell. Widely known to the public as Jamie now, she’s the show’s first season proud winner. Jamie will guide you in her daily skincare routine and show you her favourite make-up look. This is not just a step-by-step guide but also a highly interactive session where you can ask questions and have them answered!

Other Korean make-up related Airbnb Online Experiences:

#5: Join Handong in a private Airbnb photoshoot
Handong of Dreamcatcher

Image Credits: Soompi

Date: Wednesday, 27 January

Time: 6pm to 7pm

Hosted in: Chinese (simplified)

Chinese New Year is around the corner, and this means there will be plenty of photo-taking opportunities. Want to appear more photogenic? Learn how to ace your facial expressions, plus learn valuable tips on gestures and the right postures to take. You will be hosted by Handong, a Chinese member of a South Korean girl group – Dreamcatcher. Here’s an opportunity to take a sneak peek at a live photoshoot and behind-the-scenes action.

For gentlemen who can understand Japanese, please check this out:

#6: Enjoy a concert with K-pop singer-songwriter, NIve
NIve

Image Credits: The Hype Magazine

Date: Thursday, 28 January

Time: 12pm to 1pm

Hosted in: English

NIve (written as 니브 in Korean) is a producer, composer, and songwriter with a diverse international background. He was born in Korea, raised in Australia, musically educated in New York, and launched his career in LA. NIve has worked with many renowned celebrities, including BTS and EXO. Potential singer-songwriter wannabes should take it from the man himself on songwriting and composition tips.

#7: Learn to style hair like a K-pop idol
IZ*ONE

Image Credits: ALUU

Date: Thursday, 28 January

Time: 4pm to 5pm

Hosted in: English & Korean

K-pop stars always appear in tiptop condition on commercials, fashion shows, and professional photoshoots. Those who are keen to know the industry secrets on the art of hairstyling and products used by Korean hairstylists should join Yonghan from 알루 (ALUU) in this 60-minute online session. 알루 (ALUU) is located in Seoul’s most upscale district – Gangnam. Here’s a look at their portfolio of stars they’ve styled thus far.

Ladies who are keen on the tricks of maintaining your bangs should book this session:

#8: Master dance moves from IZ*ONE’s choreographer
Freemind dance crew's Dasom

Image Credits: Airbnb

Date: Friday, 29 January

Time: 12pm to 1pm

Hosted in: English & Korean

You will be learning directly from Dasom, a choreographer for girl group IZ*ONE. The Korean-Japanese K-pop group was formed in 2018 through a competition show titled “Produce 48”, which is also the third season of “Produce 101”. Your host is part of the Freemind dance crew and has created several dance routines for well-known artistes such as Monsta X and Cravity. See for yourself how dance routines come alive, including the derivation of inspiration.

Here are other dance classes to consider:

Have a blast at Airbnb’s exclusive Online Experiences K-pop festival. One week only, don’t miss it!

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