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

Read More...

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

Read More...

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

Read More...

Retirement

Making Your Will In Singapore: Are Lawyers Non-Compulsory?

Whether we like it or not, death is inescapable. This is why it is important to prepare a “Will”, especially if you are retiring soon. The essence of making a Will is not only to prepare for the event of death but also to make sure that others understand your parting wishes. In Singapore, the surviving spouse is usually entitled to one half while the other half is divided among the children. But if there is no Will, there are

Read More...

Tax & Estate Planning

Do i need a will to plan my estate?

Do i need a will?

Benjamin Franklin once said nothing in life is certain but only two things are: death and taxes. In the unlikely event of your death, have you made sufficient planning so that your last wish could be fulfilled? Dying without a will, also known as intestacy, could give your family and loved ones a hard and frustrating time to sort out what you left behind. (I hope you left assets and not debts) Therefore it is crucial to make sure that

Read More...