CNPLaw gave a talk about Wills, LPAs, AMD, Deputyship applications and more



CNPLaw gave a talk about Wills, LPAs, AMD, Deputyship applications and more

Updated: 10 June 2020

Presenter: Edwin Chia.

On 9 June 2020, CNPLaw held a webinar, hosted by Mr Edwin Chia, Partner at CNPLaw, to provide the audience with a better understanding about Wills, LPA (Lasting Power of Attorney) and deputyship application under the Mental Capacity Act. This talk provided an overview of the functions and benefits of these documents, matters to consider in their preparation, as well as potential pitfalls. References were also made to the AMD (Advance Medical Directive) and the SNTC Trust.

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CNPLaw’s Wills and Trust Lawyer

Edwin Chia Partner at CNPLaw LLP

    Edwin’s practice focuses on civil and commercial litigation, disciplinary proceedings, wills and probate, shareholders’ disputes, and employment matters. He has been involved in matters at all levels of the Singapore Courts (including the Court of Appeal), and has acted as lead counsel in matters before the High Court of Singapore and disciplinary tribunals (as prosecuting counsel). Edwin is also named in the Singapore Business Review as one of Singapore's 21 most influential lawyers aged 40 and under in 2020.

    Having a will enables one to go further than just providing for one’s family at present. It ensures that upon one’s demise, the selected people will get the amount dictated, and the appointed person will be put in charge of the assets to distribute them according to one’s wishes.

    Making a will need not be difficult nor time-consuming. Our fast track wills system eases the will-making process, making it focused on addressing the requirements of our clients in an efficient and cost-effective manner.

    Nonetheless, we are mindful that each will is unique and has to be tailored to the specific needs of the client. Clients are therefore invited to discuss their plans with us so that we can ensure their will covers the different classes of assets and beneficiaries in accordance with their wishes.

    We also regularly advise and assist clients with the setting up of trusts for various purposes, ranging from protection of assets from creditors to ring-fencing the assets from probate proceedings.

    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.

      Practice Areas:
      Estate Planning and Wills and Trusts