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Legacy planning is a vital and thoughtful process that involves making important life decisions and considering the impa...
16/07/2023

Legacy planning is a vital and thoughtful process that involves making important life decisions and considering the impact of those decisions on future generations. The core principle of legacy planning is to prioritize the values, principles, and goals that you want to leave behind as your legacy.
One key aspect of effective legacy planning is to tackle life decisions before delving into the selection of specific products or tools. This means focusing on the broader questions such as defining personal values, establishing goals, and determining how you want to be remembered.
Once you have a clear understanding of your desired legacy, you can then explore the various products and options available to help you achieve those goals. This might include estate planning, charitable giving, creating a will or trust, or other financial instruments.
Legacy planning is a dynamic process that evolves over time. It is important to review and revise your plans periodically to account for changes in circumstances, relationships, or personal values. Regularly reassessing your goals and adjusting your strategy accordingly allows you to maintain alignment between your actions and the legacy you wish to leave behind.
In summary, legacy planning involves more than just the selection of financial products or tools. It is a holistic approach that starts with introspection and life decisions, enabling individuals to shape their legacies according to their values and aspirations.

Let’s connect if you wish to find out more about proper steps in legacy planning.

IN THE past three years, we have seen a rise in the number of people coming to us for end-of-life, legacy and estate planning. Perhaps they were reminded that death can happen suddenly, something which they saw during the pandemic. Read more at The Business Times.

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Lack of legacy and succession planning can hurt businesses, family harmony

EVEN as more high-net-worth (HNW) individuals emerge in Singapore, recent surveys have shown that they may not have prioritised legacy planning or succession planning. This could, in some instances, jeopardise the family harmony and businesses that they have worked so hard to establish. Read more at...

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