thefinancelayman

  As a middle-class citizen, recognizing the broad range within this classification, doing estate planning is not only a necessity, it’s an obligation. Estate Planning an intricate subject. I've observed notable uptick in the number of financial planners distinguishing themselves as estate planning specialist recently. I’ve also seen the emergence of dedicated Financial Advisory firms and groups focused on estate planning. However, many of these offerings can be costly, particularly for much of the middle class in Singapore, including expats, permanent residents, and locals alike. While the goal of estate planning is to minimize the financial burden on beneficiaries, the price of the process itself has become exorbitant. This creates a paradox where one may end up spending substantial amounts of money to structure their estates, potentially nullifying the intended cost-saving benefits for their beneficiaries. I attribute the main reason to the unnecessary over-leveraging to