Category Archives: Estate Planning Tools

In Singapore, you can set up holding companies to own assets. This strategy can be helpful in estate distribution and asset protection planning.

The term “off-shore” simply means anywhere other than the place of physical location of the person using the word.

An offshore trust functions in the same manner as a normal trust. It is a legal arrangement where a settlor transfers assets to a trustee.

Any company having more than one shareholder should have a shareholders’ agreement which sets out the rights and responsibilities of the shareholders.

A buy–sell agreement is a legally binding agreement between co-owners of a business that if a co-owner dies, is forced or choose to to leave the business.

The assignment of your life policy refers to the transfer of legal ownership of a life policy to a 3rd party. The transfer has to be done in writing, usually with the appropriate forms supplied by the insurer, and acknowledged by the insurer.

One of the best developments in estate planning in 2009 is the ability to nominate beneficiaries in your life insurance policies with legal certainty. The parliament has passed the law and gazetted it under Section 49L & M of the Insurance Act on 1 Sept 2009.