Personal Finance
What is Legacy Planning in Singapore? 101 Guide
By Dollar Bureau  •  July 10, 2024
Planning for the future can feel overwhelming, but legacy planning is crucial to ensure your wishes are honoured and your loved ones are cared for. Did you know that without a proper legacy plan, the distribution of your assets can take significantly longer and lead to family disputes? In this post, you’ll learn:
  • What legacy planning is and why it’s important
  • Key components of legacy planning in Singapore
  • Strategies for effective legacy planning
  • The difference between legacy planning and estate planning
  If you’re wondering how to start or improve your legacy plan, keep reading. What is legacy planning? Legacy planning is the essential process to ensure that your assets are passed on to the people you care about once you’ve passed on. In simple terms, legacy planning involves making decisions about how exactly you’d like your assets distributed to your loved ones after you’re gone. It’s about safeguarding your family’s future, providing for their needs, and ensuring...
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By Dollar Bureau
Launched in 2019, the Dollar Bureau blog aims to play a part in improving the financial literacy of Singaporeans.
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