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...
This has always been the ‘de facto’ consideration and ‘excuse’ for not planning for Retirement: I have my property, I can sell and downsize… May I ask: Timing: when its time for you to Retire, what if its a property downturn? When its time for you to Retire, can you...
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...
If Real Estate is your favourite investment vehicle and yet you do not wish to incur ABSD nor wish to cough up with a lump sum capital, REITs is definitely your consideration! #KelvinKhol #InvestingkinREITs #Investments #RealEstate
My father passed away recently and left his HDB unit to my sister and me. Because he had a Will written, after my mom’s death, my sister and me decided to sell the flat and it was a breeze, albeit some typical government hiccups inter-departments. Nonetheless, the...
