What is Estate Planning? Estate planning is a secure and legal way to transfer your assets to a nominee or nominees after you pass away or become powerless. People follow this process worldwide, and it is one of the best ways to secure the lives of your loved ones after your death. Often inheritance of assets through estate planning follows up with inheritance tax. But you need not worry about such taxes because, in Singapore, these taxes are not payable for those who have died on or after February 15, 2008. Terms in Estate Planning That You Should Know Some terms to keep in mind to understand estate planning are: Trusts Singapore is a great financial place for people who want to set up their trusts. This is because the country has a good business environment, a well-legalised system, a competitive setting, a good location, and a strong set of laws in the finance area....