Estate planning is an essential component of both life and wealth planning that is often overlooked. Neglecting this critical aspect can lead to dire consequences, leaving loved ones with unnecessary burdens and financial challenges.
In this episode, our Head of Solutions, Eddy Cheong, shares the three key areas of estate planning – Distribution, Creation and Preservation, as well as considerations when crafting your estate plan so that the transfer of your estate, upon your unfortunate demise, can be transferred to your intended recipients without any unnecessary delay or unexpected situations that may complicate the entire distribution process.
Meanwhile, stay tune for our next episode where we share wealth planning tips for the sandwich generation!
View the full list of podcast episodes published here.
Music courtesy of ItsWatR.
The host of this episode, Isaac Ong, is an Associate Adviser at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia. Learn more about Isaac here.
For more related resources, check out:
1. All You Need to Know About End-of-Life Planning
2. Life Decisions First Before Legacy Decisions
3. Assets That Cannot Be Distributed Via A Will | CPF Monies & Joint Assets
*Providend is very excited to share that we are now ready to extend our service offerings to the younger accumulators who are looking for holistic, independent, conflict-free wealth advice!
For this group of younger accumulators, we know that it is not easy to make retirement planning a priority when other financial goals – buying a first home, for example, or saving for a child’s education – appear more pressing. Learn how we can help here.
Let us assist you in taking care of your financial concerns so you can focus on what matters to you. If you would like an honest opinion on your current financial/retirement plan, insurance portfolio, investment approach and/or estate plan, make an appointment with us today.