Introduction to estate planning ​

Planning your estate is important, especially if you have dependants. Get an overview of estate planning: why you need to have a plan and what happens if you don't, and how your estate is distributed.

12 lessons, total duration 25 minutes

What you will learn

  • Why estate planning is important
  • Why people avoid it
  • Singapore's intestacy laws
  • Estate planning objectives, process and tools
  • Ways to distribute your estate and execute your estate plan
  • Why you need to review your plan regularly

Who it is for

  • Anyone who wishes to plan their estate
  • Anyone approaching retirement
  • Working adults

Prerequisites

Make two lists. One with everything you own (e.g. savings, investments and insurance policies) and the other, with everything you owe.

Description

Do you have an estate plan? If you were no longer around, how would the lives of your dependants be affected? Will they be able to access your savings to pay for their daily expenses? What about the school fees, home loan, or medical treatment for your elderly parents?

Planning your estate is crucial. Especially if you have young or disabled children or elderly parents who rely on you.

Estate planning is about transferring your estate to the people you care about. Without a plan, family members or business partners can spend much time and resources sorting out the distribution of your assets.

This guide introduces you to estate planning. Why it's essential to make your plan now and the consequences of not having a will. Learn about wills, trusts, guardianship, and lasting power of attorney (LPA). By the end of the course, you'll know how to plan your estate in a few steps:

  1. Ascertain the assets you own.
  2. Determine how you want your estate distributed.
  3. Decide on the means of transferring your assets.
  4. Execute your estate plan.
  5. Review it annually.

Let's get started!

Last updated on 05 Nov 2018

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