Importance Of Estate Planning
- List of Liquid Assets
- List of Investment Assets
- List of Insurance Policies
- List of Liabilities
Find out about the importance of Estate Planning and the reasons why people avoid it. The consequences of avoiding Estate Planning are:
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
- 01:50Introduction To Estate Planning
- 2 pagesSlides: Introduction To Estate Planning
- 02:00MoneySENSE Core Financial Capabilities Framework
- 02:00Avoiding Estate Planning
- 3 pagesSlides: Avoiding Estate Planning
- 03:01Thinking Of Our Family
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.
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.