Tax & Estate Planning

Importance of Estate Planning in Singapore

“My siblings are already fighting over my properties even though I’m still alive,” my uncle joked, acknowledging the numerous businesses and properties he owns. He stressed the importance of securing a competent lawyer to ensure his assets are distributed fairly. You see, he plans to use his resources to establish a foundation dedicated to supporting vulnerable communities, particularly children who have been abandoned by their parents. This charitable endeavor holds a special place in his heart. He wants to ensure

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Personal Finance

What is Generational Wealth?

Generational wealth pertains to assets passed by one generation of a family member to another. Assets can include stocks, bonds, and other investments such as real estate and family businesses. Other terms for generational wealth include family wealth, legacy wealth, multigenerational wealth, and intergenerational wealth. Many people may associate generational wealth with financial wealth such as cash, bonds, real estate, and family businesses. However, generational wealth can include valuable possessions, heirlooms, educational legacy, traditions, and connections. Generational wealth transfers after

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Business Solutions

Camella goes the extra mile to build quality homes for Filipinos

For many Filipinos, finding their own home has always topped their priorities in life. Many seek for safe havens where they can live comfortably without breaking the bank. These days, however, a comfortable life costs too much that not every hardworking Filipino can afford. This is why Camella has built quality and secure communities all over the country to provide a decent life for hardworking individuals and their families. The deep sense of a Filipino neighborhood culture sums up the

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Personal Finance

5 Luminous Lessons Harry Potter Taught Us About Money

The magical story of a young wizard named Harry Potter has captured the hearts of fans of all ages and with a good reason. In fact, I am wearing my Hufflepuff shirt while I am writing this. Despite being in a fictional world, the Harry Potter characters’ financial problems cannot be solved with a wave of a wand. They also have to struggle with the challenges of saving, spending, and growing money throughout the series. Here are just some of

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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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