Insights from Altus Advisory's Private Seminar: Navigating the Importance of Will Writing and Estate Planning

On 24 April 2024, Altus Advisory hosted a private seminar that brought together clients eager to delve into the critical realm of will writing and estate planning. The event featured Patrick Chang, a distinguished Master Estate Planner (MEP) from SimplyWills, who provided invaluable insights into the intricacies of this often-overlooked aspect of financial planning.

Patrick Chang's presentation was both informative and eye-opening, shedding light on the significance of will writing and estate planning in Singapore. He began by discussing the Intestate Succession Act and Intestacy Law in Singapore, revealing the potential consequences of not having a valid will in place. Through real-life examples and case studies, he demonstrated the complexities that arise when individuals pass away without a will, leaving their assets subject to distribution according to legal statutes rather than personal wishes.

One of the highlights of Patrick's talk was his emphasis on the power and importance of will writing. He posed thought-provoking questions, urging attendees to consider why any working adult above the age of 21 should write a will. By illustrating scenarios where families faced challenges due to the absence of a will, Patrick underscored the necessity of proactive estate planning.

The seminar provided attendees with actionable insights and practical tips for navigating the often daunting task of will writing and estate planning. From understanding the key components of a will to exploring strategies for minimizing estate taxes, Patrick equipped participants with the knowledge they need to protect their legacies and provide for their loved ones.

Altus Advisory is proud to have facilitated such a valuable event, bringing together clients and industry experts to discuss topics crucial to their financial well-being. We believe that empowering individuals with knowledge is fundamental to our mission of guiding clients towards financial success. Attendees gained a deeper understanding of the importance of will writing and estate planning, along with practical insights to begin the process. We look forward to continuing to provide valuable resources and opportunities for our clients to achieve their financial goals.