Appointment 
When an individual appoints representatives to settle their estate, trustees to manage their assets or guardians to look after their children, they have to consider not just the suitability of these representatives but also their willingness to perform their roles honourably and responsibly according to the individual's wishes. Due considerations such as the governing law, financial needs and potential legal challenges by interested parties should also be evaluated. Succession planning is more than just developing a plan of wealth transfer. Contact our professionals for a complimentary personalised discussion. Some of our tools for succession planning includes:

1. Wills
We provide Will services at affordable prices (e.g for a Singaporean individual whose family and assets are all in Singapore only). We can also provide Wills that span multiple jurisdictions and covers diverse situations.

2. Trusts
We engage reputable trust companies that are licensed and supervised by the Monetary Authority of Singapore (MAS) to provide our clients with simple and practical trust solutions. The most common uses of trusts include:

Standby trusts
Individuals can write a Will to transfer their assets upon death into an existing trust. Such standby trusts are popular because they allow assets to be enjoyed till the time of death while the distribution plan and wishes of the individual can be easily amended as frequently as needed over his lifetime.

Insurance trusts
Such trusts holds insurance policies as their major asset. These days, it is not uncommon for individuals to purchase policies with multi-million dollar payouts to benefit their children. When such policies are assigned to a trust, their proceeds can then be held back and distributed in an orderly way (according to the life assured’s wishes).

3. Buy-sell agreements
We help private business owners of Small Medium Enterprises (SMEs) plan an orderly exit in the event any unexpected shareholder exit from the business due to death, disability, retirement, divorce, bankruptcy or other trigger events.

4. Lasting Power of Attorney
We work closely with lawyers and doctors to help individuals appoint donees of their choice in the event those individuals become mentally incapacitated. We are able to assist clients with both the basic LPA (Form 1) and the more customisable LPA (Form 2).

5. Estate Administration
When a person dies, his estate needs to be consolidated and managed. Estate administration involves engaging a lawyer to prove the deceased’s Will, gathering the assets of the estate, paying the person’s debts and distributing the remaining assets to beneficiaries. For family members who have just lost a loved one, the whole experience can be very overwhelming. We provide estate administration services through lawyers who are familiar with the services.

6. Charity
We provide professional philanthropic advice to those clients that have philanthropic intentions by partnering with philanthropic consultants, professional trustees and lawyers. Tax, legacy planning, charity impact performance are just one of many components in our estate planning advice to clients.

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