Tax & Estate Planning

What Happens To Your Finances When You Die In Singapore?

Technically speaking, all the monetary value that the deceased left behind belongs to his or her estate. This estate includes bank accounts, investments, and properties. The only exceptions are the assets held in the trust and the individual’s CPF money. All the assets will be frozen once a person passes away. The professional assigned to go through the departed’s Will is known as an executor. An executor is usually a family lawyer or a trusted relative. He or she applies

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Tax & Estate Planning

Basic Guide To Estate Planning In Singapore

Estate planning advice often focuses on the creation of legal documents such as wills and trusts. The choices you make about where your assets will go after you pass can affect people’s lives profoundly. This is why you must familiarize yourself about the basics of estate planning. DEFINITION In simpler terms, estate planning dictates how you would like to distribute your estate after your death. Your estate encompasses your properties, savings, and money. It makes sure that the people you

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Career and Enterprising

7 Famous People Who Still Earn Millions Beyond The Grave

They may no longer be breathing in this world but they probably earn more in one year than most of us will in our entire lives! These numbers, accumulated by Forbes, show the top earning dead celebrities in 2015… 7. JOHN LENNON Yoko Ono’s soulmate that is better known as the singer-songwriter of the Beatles – John Lennon takes the 7th spot. With a whopping total of US$12 million (S$16.9 million) in 2015, this iconic musician continues to share the

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