If you don’t make the necessary arrangements, some of your assets might never be accounted for when you’re not around anymore.
These include your CPF monies, insurance proceeds, and other assets you may have.
Here are 6 statistics on unclaimed and un-nominated assets in Singapore.
Hopefully, it’ll open your eyes and do something about it.
So, read on!
Reminder: There comes a time when all lives will end. And when that time comes, it might be too late.
Tracking your personal finances may seem boring, but it has a greater meaning behind it.
What happens when you die or become mentally incapacitated?
Critical information might be forever gone.
That’s why taking a snapshot of your personal finances (FinSnap) is one way to keep track AND sakekeep it.
Here’s a free google sheets/excel template you can download.
Not convinced why it’s important?
Read the short story below..
Have you heard of trusts?
(No, not the one between two people. The financial kind..)
Most would think that a trust is only for the ultra-rich. But it can also be relevant to retail individuals.
How is that possible? Because of the different types of trusts available.
Today, I’ll touch on:
The content is created to be as simple as possible.
So, read on!
Most of us care more about what happens when we’re alive rather than when we’re dead.
But even if you’ve set aside assets or bought life insurance policies for the sake of your loved ones, your job is not fully done.
The Will may be the final piece to the puzzle.
You don’t want the law to decide who shall receive your assets, right?
In this guide, I’ll touch on:
So, read on!
The topic of dying is not often talked about, much less dying without a Will in Singapore.
It’s easily neglected because you’ll never be the one who experiences it.
But if you do care about your loved ones, it‘s something to pay attention to because they will face obstacles.
In this article, I’ll cover:
So, read on!
All Singaporeans – Citizens or Permanents Residents – will have a CPF account.
And with it, comes CPF monies.
CPF savings aren’t treated like regular cash savings at the bank.
And it’ll still be treated differently even upon death (more on that later).
Making a CPF nomination may seem like a tedious task, but it’s a critical element in proper estate planning.
Read on!
“How are your assets distributed after death?”
It’s not an everyday topic.
And it’s usually shrugged off because you didn’t think it was important at the moment.
But doing nothing has its implications.
It will go according to the law and the Intestate Succession Act in Singapore specifies the distribution rules.
How would it be like?
Read on!
Most of us buy life insurance for the sake of our loved ones.
And we usually call it a day once that’s done.
But have you thought about what if death really happens?
How would your loved ones receive the insurance proceeds? Would it be a hassle for them?
In this article, I’ll touch on:
So, read on!
An ambulance with its horns blaring is speeding on the expressway, and cars are steering away to make space for it.
It’s an emergency.
Someone needs medical attention, and needs it fast. But that’s just one side of the picture.
The cost of hospitalisation and medical services are expensive and ever-increasing. Can the injured afford the hospital bill?
In this guide, I’ll cover all there is to know about the national healthcare scheme, MediShield Life.
So, read on!
Expensive.
That is what most people would think of the living expenses in Singapore. And the cost of living will only go higher in the future.
How about medical costs? Are they pricey too?
Let’s find out.
Here’s a compilation of the most important statistics on healthcare costs in Singapore. This page will be updated from time to time to reflect the latest information.
So, read on!