Ethos Wealth Planners

Estate Planning uses many tools such as Lasting Power of Attorney, Trusts, Wills, CPF Nominations, Insurance Nominations and so on and so forth. One of the most commonly used tools is the Will.

Majority of Singapore residents have not written their Will. This is mainly because of ignorance and the fact that good Will writers are hard to come by.  Will writers, who are typically lawyers, usually do not wish to spent the time and effort to explain why the Will is important and how to structure the Will to suit the testator’s needs. While it is important for Will writers to be legally trained, it is even more important for the Will writer to understand the testator’s background and needs so that a suitable Will can be drafted. Unfortunately, Will writing is normally a small part of the lawyer’s business. Litigation and conveyancing are often found to be more profitable as compared to just writing a Will which would just cost just $200 to at most $300. Due to economical and practical reason, Will writers are usually more keen to do minimal work. Some lawyers only spent 5 minutes explaining the Will to their clients! The result is a poorly drafted Will that does not meet the testator’s needs. It is a no wonder majority of Singaporeans have not drafted their Wills as how could a 5 minutes work provide any form of confidence?

To solve this issue, Ethos Wealth Planners have tied up with legal counsels who specialises in Will writing. Yes, these legal counsels do NOT do litigation and conveyancing  but they write Wills on a full time basis. The process of Will writing as follows:

Professional Estate Planners from Ethos Wealth Planners will use the financial industry’s best practice of Six-Step process to understand the clients’ needs through thorough fact finding, analysis and recommendations. The Six-Step process is used for those who engage us for Comprehensive Financial Planning service. Once the client’ needs are established and confirmed, our legal counsels will draft the Will based on needs of the client. The client will receive a draft softcopy of their Will for their vetting. Any amendment is free. When there is no further amendment, we will provide two witnesses for the actual date of attestation.

Of course, there is no need to opt for Comprehensive Financial Planning service if Estate planning is your only concern. We do provide a stand-alone Estate Planning service. We will ask you more than 20 questions because fact finding must still be done to ensure any of our recommendation is suitable to you. A face-to-face interview is still required. To illustrate why these questions are important, you can try to answer a sample of these questions below. The computer will provide a response to you. Feel free to answer the questions below, there is no obligation:

What is your citizenship and residency status? Choose Option Singapore Citizen Citizen of a commonwealth country Citizen of a non-commonwealth country

 

Do you have an existing Will? Choose Option Yes No

 

Have you invested using your CPF? Choose Option Yes No

 

Are you currently married? Choose Option Yes No

 

Do you have dependents with lack of mental capacity such as disabled child or parent with dementia? Choose Option Yes No

 

Do you have dependents who are still minors? Choose Option Yes No

 

Do you have chlldren born of previous marriage(s)? Choose Option Yes No

 

Do you own any assets (e.g. shares and properties) in more than 1 country? Choose Option Yes No

 

Do you know of anyone who has both the financial and legal skills to be your Executor? Choose Option Yes No

 

Enter these words:   

 

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