📜 Wealth Transfer

Legacy & Estate Planning

Ensure your wealth passes to your loved ones efficiently and according to your wishes. As an expat with assets across multiple countries, proper estate planning is essential to avoid complications, minimize taxes, and protect your family.

Estate Planning for Expats

Without proper planning, your estate could face probate in multiple jurisdictions, significant delays, unexpected taxes, and distribution that doesn't match your wishes. For expats with assets in Singapore and elsewhere, the complexity multiplies.

Key Estate Planning Components:

  • Will: Essential legal document specifying how assets are distributed
  • Trust: Holds assets for beneficiaries, can bypass probate
  • Insurance nomination: Direct payout to beneficiaries outside estate
  • LPA: Lasting Power of Attorney for incapacity situations

🏛️ Singapore Advantage

Singapore has no inheritance tax, estate duty, or capital gains tax. Assets held in Singapore can pass to beneficiaries with minimal tax friction, a significant advantage for wealth transfer planning.

Insurance in Estate Planning

Whole Life Insurance

Create instant estate value with death benefit paid to beneficiaries

Universal Life

Flexible premium and legacy planning for high-net-worth individuals

Insurance Trusts

Hold policies in trust for controlled distribution to beneficiaries

Nomination

Direct insurance payouts bypass estate probate delays

Pro Tips for Expats

Write a Singapore Will

Your home country will may not cover Singapore assets. A Singapore will specifically for local assets ensures proper distribution.

Nominate Insurance Beneficiaries

Insurance payouts go directly to nominated beneficiaries, bypassing probate. This provides immediate liquidity for your family.

Consider a Trust Structure

For larger estates, trusts provide control over distribution timing and conditions, protecting beneficiaries from mismanagement or creditors.

Review Regularly

Life changes with marriage, children, and relocation. Review your estate plan every 3-5 years or after major life events.

Protect Your Family's Future

Get expert guidance on legacy and estate planning for your unique situation.