Importance Of Estate Planning

Learn about why people avoid estate planning and what happens when we do so. Find out about the Estate Planning Process.
Rating: 4.2 out of 5 (63 ratings)
5,659 students
Importance Of Estate Planning
Rating: 4.2 out of 5 (63 ratings)
5,659 students
to learn about why Estate Planning is so important
to learn about why people avoid it
to learn about the Intestate Succession Act
to learn about the Estate Planning Process
to ascertain the assets that you own
to determine how you want your estate distributed

Requirements

  • List of Liquid Assets
  • List of Investment Assets
  • List of Insurance Policies
  • List of Liabilities

Description

Find out about the importance of Estate Planning and the reasons why people avoid it. The consequences of avoiding Estate Planning are:

  • Delay
  • Disputes
  • Intestacy

Learn about the Intestate Succession Act (Non-Muslim Estate) and the unintended consequences of Intestacy.

Also learn about the objectives of Estate Planning and the Overview of the Estate Planning Process:

  • Ascertain the assets you own
  • Determine how you want your estate distributed
  • Decide on the means of transferring your assets
  • Execute your estate plan
  • Review your estate plan annually

In this module we will cover the first two steps of the Estate Planning Process.

Who this course is for:

  • working adults
  • those approaching retirement
  • those who wish to do estate planning

Course content

3 sections • 17 lectures • 41m total length
  • Introduction To Estate Planning
    01:50
  • Slides: Introduction To Estate Planning
    2 pages
  • MoneySENSE Core Financial Capabilities Framework
    02:00
  • Avoiding Estate Planning
    02:00
  • Slides: Avoiding Estate Planning
    3 pages
  • Thinking Of Our Family
    03:01

Instructors

Financial Literacy Trainer
Ferris Wee
  • 4.2 Instructor Rating
  • 4,161 Reviews
  • 59,646 Students
  • 7 Courses

Ferris Wee

BA (Hons) Business and Finance

Ferris Wee is a qualified Financial Planner, and through his previous workplace, a global financial services company, he has helped more than one hundred clients with his clear process in reviewing their financial needs. Specifically, he has helped clients to identify their goals and ensure that they make the right choices to meet those goals today, tomorrow and in the years to come.

Ferris is passionate about leading people beyond financial breakthroughs, and has conducted financial literacy training in Singapore and Indonesia, as well as sports camp training for youths in India. Ferris is also an experienced financial counselor, helping many people manage their budget to meet their financial responsibilities.

Ferris is a Certified Will Writer, and has provided Professional Will writing, estate planning and custody services. He is also an Associate Estate Planning Practitioner.

Prior to his career in financial planning, Ferris was with the Republic of Singapore Air Force working on budgeting, logistics, maintenance and overseeing safety issues. For his strong leadership qualities, Ferris received the Outstanding Safety Warrior Award.

Ferris has a BA (2nd Class Upper Honours) specializing in Business and Finance. He also holds industry certifications in M5, M8, M8A, M9, M9A, HI, BCP and PGI.

Unbiased Financial Education Courses
Institute for Financial Literacy
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  The Institute for Financial Literacy is a collaboration between MoneySense and Singapore Polytechnic Enterprise. 

    Our financial education courses cover basic money management, financial planning and investment know-how.