Tax & Estate Planning

3 Estate Planning Tools to Utilise Right Now

writing something on paper

In Singapore, there’s always a constant strive to earn more money. It’s perfectly understandable considering how high goods and services are priced, and how we want to provide a better future for our family. Some of us take the next step by preserving our wealth and future income through the use of different types of insurance. But only a few go even further to make it all fool-proof with estate planning. What is estate planning all about? And what are

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Tax & Estate Planning

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

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Tax & Estate Planning

Should you DIY or pay someone to draft your will in Singapore?

It’s a misconception in Singapore that it’s necessary to hire a lawyer to draft a will. Nothing could be further from the truth. Anybody can draft a will for you. In fact, if necessary, you can even write your own will, and it can be a perfectly valid will after you pass on. While drafting wills does tend to lie within the domain of most estate-planning lawyers, many wills-drafting companies have also sprung up to service these needs. These companies

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Tax & Estate Planning

5 Reasons to Create a Will in Singapore

While there has been an increase in the number of younger people making wills in Singapore [1], there still seems to be a lingering taboo over the creation of something Singaporeans perceive to be morbid. Unfortunately, as the saying goes, nothing is sure in life except death and taxes, and we all need to realize this fact and plan ahead for the future. Generally, it tends to be a good idea for anyone to create a will. However, it’s even more

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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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