Estate and succession planning can be described as the art of planning and organising personal affairs to achieve maximum wealth protection, for one’s family.
An estate plan may be prepared at any time of one’s life but we usually recommend our clients to start early as this is more effective. Effective estate planning may include appropriately drafted wills and the use of trusts, among other things.
With proper estate planning, our clients are able to minimise the exposure of their accumulated wealth to unnecessary expenses and taxes. This helps them safeguard their wealth during their lifetime and ensures that their loved ones will be properly provided for when their time comes.
This article explores a few common questions relevant to the care of a dementia patient and the possible answers which can be found in the parameters of the Mental Capacity Act.
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CNPupdates – publications written by our Estate Planning Lawyers
- COVID-19 and its effect on maintenance obligations
- Newly introduced fast-track application for the appointment of Deputies and the making of a Lasting Power of Attorney under the Mental Capacity Act
- Administration of Estate: Applicable Time Bar for Claims against the Deceased’s Estate
- Lasting Power of Attorney: Take Control of Your Affairs Tomorrow, Now
- Legacy: Death – The Inconvenient Truth
- Estate planning for digital assets (Part 2) social media content
- Re-distributing a deceased’s estate by way of a Deed of Family Arrangement
- The Singapore Freeport
- Estate Planning for Digital Assets
The Estate Planning Team
In addition to Li Fei’s experience in acting for banks on varied transactions and in general corporate law, he also helps individuals in estate planning, including the legal aspects of wealth management, advising on and setting up trusts and off-shore structures to secure their future and the future of their families.
Huimin is a Senior Associate with the firm’s Dispute Resolution team and Family Law team. She was called to the Singapore bar in 2012. Her main area of practice is general civil and commercial litigation. She has been involved in various civil trials and hearings before the State Courts, the High Court and the Court of Appeal of Singapore. Find out more about Huimin and read about the CNPupdate articles that she has contributed, showcasing her expertise in this field of practice, one in particular – Amendments to the Mental Capacity Act.