Estate Planning is necessary for individuals regardless of wealth. It is necessary as long as the individual has assets or has loved ones. Join us for the enriching session and allow our Principal Consultant Mr Stephen Chew to take you through the must-know of Estate Planning.
Myths and Perceptions about Estate Planning
- Do you have to be rich to write a will?
- Can I do it myself?
- How do I make sure that my wishes are honoured?
- What if I have dependents that are minors, or have special needs?
- What is Lasting Power of Attorney and why do I need it?
Debunking the Beliefs about Estate Planning
Living in this modern world means you will probably spend most of your life working hard to accumulate wealth and amass assets like property and stocks. Contrary to popular misconception, you don’t have to own a big house to have an estate. In fact, if you own anything, that means you have an estate. Your estate consists of everything you own when you die, including both tangible and intangible personal possessions and property. That’s why estate planning is a must – you need to decide what is going to happen to your estate when you are gone.
Don’t simply assume that everything will be divided equally and happily amongst your family members, or that you can just download a template will off the web and keep it stashed away for THE day when it arrives. A well though through plan means that your assets are distributed according to your wishes and to the people that matter the most to you.
Do I need a Lasting Power of Attorney (LPA)?
At the risk of sounding morbid, we are all too human and vulnerable to life’s many circumstances. Sometimes we might find ourselves in the most unfortunate situations; for example incapacitated from prolonged illness and unable to make sound decisions. This is increasingly common especially in a greying society such as Singapore, where medical conditions like dementia are on the rise and studies have shown that 1 in 10 Singaporeans over 60 has dementia.
If there’s someone in your life you trust enough to make financial decisions for you when you can no longer make them for yourself, why not consider appointing them under a Lasting Power of Attorney. The LPA allows you to appoint someone to make important decisions on your behalf if you should lose your mental capacity.
It’s never too late to learn more about estate planning, how you can go about it and how we can step in to help. Join us for the enriching session and allow our Principal Consultant Mr Stephen Chew to take you through the details and the must-know. Register now to secure your seats early!
Topic: Have Your Will, Have Your Way
Speaker: Stephen Chew, Principal Consultant, Summit Planners
Date: 19 January 2017, Thursday
Time: 7.00pm to 10.00pm
Venue: Suntec Singapore Convention & Exhibition Centre, Level 3, Room 327
Admission: $18 per person
Stephen and his team of experienced Planners will be glad to offer a personalised review of your needs for estate planning.
Here are some soundbites from last year’s attendees:
“This is a must-attend event – I used to think that things will take care of themselves naturally – but Stephen has showed me the great benefits of estate planning. It’s a relief to know that my wife, children and grandchildren will be well taken care of even when I am not around, and that my business can continue to flourish!”
-Mr Lim, 58, married with children, SME Business Owner-
“Estate planning is crucial for everyone, even for single people like me! With a thorough plan, I can be sure that my money and assets are left to the people of my choice – I am also deciding to set up a trust fund for a charity of my choice.”
-Mr David, 45, single, white collar worker-
Will & LPA Seminar