Wills / Estate Planning &
Lasting Power of Attorney (LPA)
Estate planning promises not only the protection of you and your assets, but also your loved ones.
- Without a well-drafted estate plan, in the event of your untimely death, things may be taken care of in a way you do not approve of, which can lead to uncomfortable situations and distressing processes that take up excessive time and money.
- By engaging an experienced lawyer to assist you in your estate planning, you get to regulate beforehand how your assets will be preserved, managed, and distributed after your demise. Similarly, making a Lasting Power of Attorney (LPA) will allow you to be represented in the areas of your personal welfare, property and financial affairs should you lose mental capacity. Prior to seeking professional assistance, it may be helpful to begin by documenting your assets and debts. Later, once your estate plan is erected, it will be easier for you to keep track of and make any changes should you choose to do so. Estate planning tools, including Wills and testamentary trusts, CPF nomination, life insurance, Lasting Power of Attorney and Advance Medical Directive, can help you outline your estate plan with clarity.
- It is important to note that estate planning is not only relevant to those who are wealthy. Instead, it is a crucial part of financial planning that stretches into your long-term goals in the event of any premature death or disability.