Planning your will, trust, LPA & more : estate planning for the modern family / Keon Chee.

Format:

Book

Author/Creator:

Chee, Keon, author.

Language:

English

Subjects (All):

Finance, Personal--Singapore.

Finance, Personal.

Physical Description:

1 online resource (240 pages)

Edition:

1st ed.

Other Title:

Planning your will, trust, LPA and more

Place of Publication:

Singapore : Marshall Cavendish Editions, [2020]

Summary:

With society's rising affluence, children and families stand to inherit properties and many thousands and millions of dollars when parents and relatives pass away. The importance of setting out clear instructions about the distribution of your assets or wealth while you are still alive cannot be overstated. This process of estate planning involves making a will and perhaps setting up a trust, depending on your personal circumstances. The rise of the modern family and what such a family is likely to own, add to the diversity of planning required. In addition to the traditional two-parent family, we have families with single parents, partners of different races, nationalities and faiths, and same-sex partners. The modern family is likely to own foreign assets, a business, pets and digital assets, and likely to consider charitable giving in their estate planning. In this book, estate planner Keon Chee takes you through the various aspects of estate planning, including the writing of a will, the setting up of a trust, planning your Lasting Power of Attorney (LPA) and setting out other important final wishes. The author has invited several highly experienced practitioners to share their specialist knowledge throughout the book enhancing the breadth of coverage.

Contents:

Cover

Title

Copyright

Contents

Preface

Introduction

PART 1 - THE SIX ESSENTIAL ESTATE PLANNING DOCUMENTS

1 Will

2 Will Trust

3 Lasting Power of Attorney

4 Advanced Medical Directive

5 Advance Care Planning

6 Grant of Probate

PART 2 - SPECIAL SITUATIONS: FAMILY

7 Planning and Funding a Will Trust

8 Aspects of Living Trusts

9 Uses of Living Trusts

10 Retirement Planning Amidst Turbulent Times

11 Traditional Life Insurance

12 Variable Universal Life Insurance

13 Trust Investments

14 Pillars of Wealth

15 Marriage and Divorce

16 Guardianship

17 Christians

18 Muslims

19 Persons with Special Needs

20 Giving

PART 3 - SPECIAL SITUATIONS: BUSINESS

21 Starting a Business

22 Protecting the Business (with Keyman Protection)

23 Protecting the Shareholders (with Buy-Sell Agreement)

24 Protecting the Family Business (with Family Governance)

25 Family Offices

PART 4 - SPECIAL SITUATIONS: FOREIGN ELEMENT

26 Malaysia

27 Indonesia

28 Thailand

29 The Philippines

30 Vietnam

31 China

32 Australia

33 United Kingdom

34 The United States

35 Foreigner in Singapore

36 Common Reporting Standard

CONCLUSION

37 Finding the Right Estate Planner: 10 Questions to Ask

Contributors

About the Author.

Notes:

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9789814928137

9814928135

OCLC:

1202462231