AIA’s Policies were being included in the Policyowner’s Estate as part of Bankruptcy proceedings. The only defence put forth is that the Insured is the daughter of the Policyowner. In such an A/O(Applicant/Owner) relationship, the Policy is still deemed to be owned by...
Getting a Lasting Power of Attorney done is important. After being appointed as a Deputy(Donee) in this case, for their own Special Needs Child, can be overwhelming as shared in this article. Nothing in life is foulproof. As in Insurance Planning, creating a lump sum...
This is an interesting article. For the rich, it seems like buying a real estate for their children is the de-facto arrangement as legacy planning. More often, during my discussion with people who are in this situation, clearly, this gift is not the most appropriate...
This is truly a sad situation: Asset Rich but Cash Poor. Worse, involving 3 generations but medical condition at play further compounding stress unto the family More information of this article to be found HERE #KelvinKhoo #EstatePlanning #AssetRichCashPoor...
Term Insurance definitely has its place in an individual’s Financial Planning. I personally disagree to say Term Insurance is the only preferred way to plan for Death. Many influencing factors before arriving at the various options; Term, ILP, Whole Life, Universal...
For those who are single asset asset-rich and cash poor, yet not wanting to give up your current residential home to fund your retirement expenses, DBS has launched their HDB Lease & Buy-back Scheme: Reverse Mortgage. There are a few conditions to note: age of...
