A Special Way to Say “I Love You” This Valentine’s Day

Flowers wilt, chocolates melt away, and candlelit dinners only last a few hours. But love? Love is meant to endure for a lifetime and beyond. And nothing says “I love you” like securing the financial future of your family. So, this Valentine’s Day, make estate planning your ultimate gift.

Wealth Is Growing, and So Is the Need for Protection

By 2026, Singapore will have an estimated 592,000 millionaires, up from 498,000 in 2020. These wealthy individuals are increasingly concerned with preserving their assets—not only to ensure a happy retirement, but also to leave a lasting legacy for their loved ones. Now more than ever, protecting wealth and ensuring its efficient transfer has become a top priority for many.

Love That Lasts Beyond a Lifetime

There is a great paradox in life: death is definite, but its timing is undetermined. However, many people put off estate planning, believing it is something for later. In actuality, it is one of the most thoughtful things you can do for your family. A well-structured estate plan ensures that your loved ones are financially secure, regardless of what occurs.

Estate planning allows you to:

✔ Protect your assets from unnecessary risks and creditors

✔ Ensure your estate is distributed according to your wishes

✔ Provide structured financial support to your beneficiaries

✔ Secure your family’s financial stability without delays

Without a plan, assets may be frozen upon death, delaying distribution until legal matters, such as obtaining a Grant of Probate or Letters of Administration, are addressed. Your assets will be distributed to the individuals you specify in your will. Without one, the Intestate Succession Act makes the decision for you, and the outcome may not be what you want.

The Greatest Gift of All

A romantic dinner is lovely, but consider offering your loved ones something even sweeter: peace of mind. Legacy planning is more than simply money; it is about securing and preserving your family’s financial well-being for future generations.

Contact Summit Planners

Estate planning nowadays necessitates a more dynamic approach. A team of experts should be assembled to help you navigate the ever-changing legal landscape and changing demands of your family.

Sources:

1. https://www.summitplanners.com/plannings/legacy-planning/
2. https://www.summitplanners.com/services/estate-planning/
3. https://www.channelnewsasia.com/advertorial/unlock-future-legacy-planning-4624811

Disclaimer:

The information provided is for general information only and does not constitute financial advice. While we have taken care to check the source of the information, we cannot guarantee that the information is accurate, complete, or will suit your individual financial needs. You are advised to seek professional assistance.