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Estate & Legacy Planning
Estate & Legacy Planning Lawyers Singapore
Estate and legacy planning is a critical step that every individual should consider as part of their life planning. It should include end-of-life planning as well as estate (post-death) planning.
End-of-life planning is critical for addressing issues relating to the care of a person who may become incapacitated or otherwise unable to make decisions for themselves. These needs arise while the person is alive. It deals with questions such as: Who can make decisions on my behalf if I lose mental capacity, and what can they make decisions about?
Estate planning, by contrast, is aimed at managing how assets are dealt with after a person passes away, as well as appointing trusted persons to manage the estate and/or care for children. It deals with questions such as: Who will take care of my children if I pass away, how do I gift my belongings to loved ones, and who will I entrust to distribute my belongings?
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