This blog post is trigger by Questions like should I invest in ETF and fight inflation with my savings. To begin with, our objective must...
This blog post will not go into how much to qualify or how to go about the purchase. This will just be my humble opinion of the 2 product...
This post is trigger by a Question on at what age should a "will" be written. The "will" part have been covered in th...
I was thinking about writing this blog for 2 days but I am really busy. As a financial blogger, I feel I should do my part in helping t...
One must know the big picture of the loan and do a projection to know how long and how much to pay. https://www.hdb.gov.sg/fi10/fi10321p...
This post is triggered from SRS being a better fund for "Guarantee Return" Endowment Plan GE270 rather then cash on hand. I w...
This post is triggered by a Discussion with a Fellow Status Friend who have planned to Top Up his CPF Retirement Account (RA) to Enhanced Re...
This Blog Post will focus on CPF Projection by age 55 years old from a person current age. This is to help get some idea on the amount tha...
This post is triggered from Ms Leianne Tan post on " Married couple in S’pore agree to divorce to buy another HDB flat to rent out...
My views on Keppel Corp and I am bearish bias. Even though Keppel secures contract to perform second FLNG vessel conversion for Golar o...
Saturday, 28 April 2018
Estate planning: A Possible Distribution Plan
My old post.
I was ask about what is a good way to distribute asset in a will.
In my humble opinion, if Mr Sian have 5 loves one (parents must be included), non are minor,
It is great to give them 10 year income in a lump sum but make it clear to them that the amount is for 10 years and is best to withdraw monthly.
In my own planning, my siblings are included.
Using current market rate for elderly, ( I assume they are at a certain age by the time Mr Sian passed away),
It is good to have an estate value of $900k.
Each person can get 20% of the estate which is $180k.
Divide by 10 years will be $1500 per month.
This will definitely make life easier for them.
Inflation not explored in the above example.
Another Good Deed Done!