• All blog entries
    • Calculators
    • Case studies
    • Cost of living
    • CPF Are You Ready?
    • CPF Matters
    • Credit Management
    • e-Learning
    • Estate Planning
    • Events
    • Financial advisers
    • High Networth
    • Insurance
    • Investments
    • Letters to the Press
    • Magazines
    • Others
    • Retirement Planning
    • Scams
    • Surveys
    • Tragic Stories
    • Unethical sales process
    • Videos
  • Legal
  • Testimonies
    • Individual testimonies
    • Gallery
  • My Account
Hi, looking for a fee-based financial planner in Singapore? Read this article now!
  • Home
  • About
    • About Wilfred Ling
    • Why do you run your own professional financial planning practice?
  • FAQs
    • FAQs on Wilfred Ling’s Financial Services
    • FAQs on Financial Planning
    • FAQs on Investments
    • FAQs on Insurance
    • FAQs on Estate Planning
  • Services
    • Overview
    • Create a financially secure plan for your young family (package details)
    • Retirement Planning
    • Investment Portfolio Management
    • Insurance Planning
  • Fees
  • Cool Tools
  • Contact
  • Subscribe
You are here: Home / Archives for Estate Planning

You are viewing articles categorised under Estate Planning

The curse of the 3rd generation high networth individuals

22, August 2014 by Wilfred Ling Leave a Comment

I want to tell a fictitious story of Mr. Sam and his family. Mr. Sam Senior started work as a salesman when he was just 18 years old. He worked hard and become very good in what he was doing. At age 30, he decided to setup his own business only to become bankrupt when he was just 35. It took him another 15 years to get himself out of bankruptcy. At age of 50, he became his own boss again. For … [Read more...]

Filed Under: Estate Planning Tagged With: hnw

Estate planning mistakes made by ultra rich celebrities like Princess Diana

20, August 2014 by Wilfred Ling Leave a Comment

In my course of work, I always get request from clients who wants advice on investments and insurances. But when I mentioned about estate planning, they thought that it is only for the ultra rich and hence do not wish to seek advice on this subject matter. Most of the time, I will reject such cases if I feel that estate planning is an important component especially those with children, foreign … [Read more...]

Filed Under: Estate Planning

Nicoll Highway collapse accident and lessons parents can learn

18, August 2014 by Wilfred Ling Leave a Comment

In 2004, a catastrophic construction accident happened when a MRT tunnel collapsed. The tunnel supposed to be part of the Circle Line and Nicoll Highway. 4 workers were killed and 3 injured. All six lanes of the Nicoll Highway were heavily damaged. The partially built MRT was abandoned and shifted 100 meters from the original site. The Nicoll Highway MRT station is now located just few minutes’ … [Read more...]

Filed Under: Estate Planning, Tragic Stories

Lasting Power of Attorney – its deficiency relating to financial planning

8, August 2014 by Wilfred Ling Leave a Comment

Lasting Power of Attorney is now more simplified The Office Public of Guardian announced[1] that the simplified version of the Lasting Power of Attorney, also known as “Form 1”, is now further simplified because the previous simplified version was just too complicated. Since 1 March 2010, there were over 6,000 applications[2] for Lasting Power of Attorney. Based on annual reports[3], 68% were … [Read more...]

Filed Under: Estate Planning

ST Forum: What’s involved in writing a will

29, July 2014 by Wilfred Ling Leave a Comment

The issue of a will turning out to be invalid is not new. The press often reports these cases. For instance, recently a lawyer by the name of Johnny Cheo Chai Beng was sued by 18 beneficiaries because the will he prepared turn out to be invalid.  But what never appear in the press is that many valid wills are not suitable resulting in similar outcome as an invalid will. I decide to write to the … [Read more...]

Filed Under: Estate Planning, FAQs on Estate Planning, Letters to the Press

Lawyer Johnny Cheo Chai Beng sued for not knowing how to prepare a will

14, July 2014 by Wilfred Ling Leave a Comment

A lawyer by name of Johnny Cheo Chai Beng did not know that two witnesses were required for a will. As a result, he was sued and ordered to compensate more than A$719,000 to the 18 children and grandchildren of an Indonesian businessman . An Indonesian businessman contacted Johnny Cheo Chai Beng by telephone on April 2006. They met within the same month at Citibank’s office at along Church … [Read more...]

Filed Under: Estate Planning, Tragic Stories

What Kind of Estate Planning Is Required When Investing In Overseas Properties?

24, June 2014 by Wilfred Ling Leave a Comment

http://www.youtube.com/watch?v=cWoQoEPhgY8 For those who prefer to read, below is the transcript of the video:  It is increasingly common for Singapore residents to invest in properties overseas. However, there are 3 estate planning issues that need to be addressed. First, real estate is subjected to the law of the land. Every country has different laws with regard to how real estate is to be … [Read more...]

Filed Under: Estate Planning, Videos

Madam Pusparani, widow of killed Changi Airport worker, is now broke but no fault of hers

10, June 2014 by Wilfred Ling 6 Comments

Reasons why Madam Pusparani lost the entire $1m and why is not her fault? By now everybody have read about the story of a widow named Madam Pusparani Mohan who lost the entire $1 million of money mostly from donors due to poor money management[1]. She was hit by the firestorm from social media which saw countless people cursing her for mismanaging the entire amount within just less than 2 … [Read more...]

Filed Under: Estate Planning, Tragic Stories

Franklin Heng’s Rockwill Trustee multimillion dollar lawsuit for liposuction death

3, June 2014 by Wilfred Ling Leave a Comment

frankin heng lawsuit

(This was originally published on 3 June 2014 but was updated 27 May 2015) First high profile death involving liposuction is Franklin Heng Botched plastic surgeries met its first death case in Singapore in 2009. The first death case was also a high profile case as it involved a high networth individual.  44-year-old Mr. Franklin Heng, the CEO of YTL Pacific Star REIT Management Ltd, died after … [Read more...]

Filed Under: Estate Planning, Tragic Stories

Mental Incapacitation Planning for Retirees

8, May 2014 by Wilfred Ling Leave a Comment

Retirees often face numerous challenges during their ‘golden years’. While many are living longer, they are not necessarily becoming healthier. One of the risk for retiree is the fear of mental incapacitation such as dementia. In the year 2012, 1 in 20 persons age 60 and above had dementia. The incident of dementia is expected to more than double[1] in 2030. You can view a video to learn more … [Read more...]

Filed Under: Estate Planning

  • « Previous Page
  • 1
  • 2
  • 3
  • 4
  • …
  • 11
  • Next Page »

WILFRED LING, CFA

WANT TO GET REGULAR TIPS ON FINANCIAL PLANNING?

JOIN with thousands of other subscribers in getting tips on all aspect of financial planning such as "What is the minimum salary required?", "How avoid insurance that is not suitable", etc.


WILFRED LING IN THE NEWS

Click HERE to find out more.


THE KIND OF CLIENTS I AM LOOKING FOR

NEW TO US?

Learn how you can fully benefit from this massive website: HERE

For Registered Users Only (free)

  • Webinar on Major change in cancer treatments in your integrated shield plans 3/9/2022
  • How and what to invest now? (Webinar) 28/7/2022
  • How to identify high performing unit trusts in 3 steps (Webinar) 3/9/2021
  • Financial Planning – Christian Perspective Part 2 (Webinar) 14/8/2021
  • How and what to invest now? (Webinar) 22/7/2021

View All

For Clients Only

  • Video Message to Clients 30/12/2021
  • Exclusive client-only Investment Update Webinar by Wilfred 26/11/2021
  • JPMorgan Guide to Market Q2 2020 15/4/2020
  • JPMorgan Perspective Q2 2020 15/4/2020
  • JPMorgan Guide to Market Q1 2020 5/2/2020

View All

Top Posts

  • AIA Pro Achiever 2.0 and my recommendations AIA Pro Achiever 2.0 was a product which someone recent...
  • Access Information & Sign Up Page
  • Strange way of how CPF Interest is calculated & retirement planning CPF has a rather strange way of calculating interest. I...
  • Should You Buy Insurance From Friends? https://www.youtube.com/watch?v=IbXP_sUiF8M Question: S...
  • CPF: How to Accumulate $1m in your CPF by 57? I read online that there are people who wants to achiev...

Recent comments

  • Sinkie on What Can You Invest If You Have $400k?
  • Sinkie on Why Vanguard Fund Investors Underperformed The Fund Significantly?
  • Sinkie on Why You Always BUY HIGH In Investments?
  • honest_me on Cancer patient ends up with $33,000 bill after insurer refuses to pay for drug & what you must do to avoid this situation
  • susan on Single Premium NTUC Income SAIL
  • susan on Single Premium NTUC Income SAIL

To be notified of new blog post, like this facebook page

To be notified of new blog post, like this facebook page

Read articles based on different categories

Investment Login

iFAST Central: Login

iFAST Prestige: Login

Navigator: Login

Chartered Financial Analyst

CFA

Chartered Financial Consultant

ChFC

Featured Blogger

IM$avvy

© Copyright 2006-2023 Wilfred Ling

This advertisement or publication has not been reviewed by the Monetary Authority of Singapore

hollow-nasty
hollow-nasty
hollow-nasty
hollow-nasty