Surely, you wouldn’t want all your hard work to go waste when you retire. So, it would be a great idea to pass down most of your assets and properties to your chosen beneficiaries. To do this, you would need the assistance of a trusted financial advisor from a multi-family office in Singapore to come up with effective legacy planning strategies. Here’s how they can help:
Updated Beneficiaries
When you make an investment or apply for insurance, you would need to designate a beneficiary. A financial advisor can help keep the list of beneficiaries updated if ever you need to make sudden changes because of unforeseen circumstances such as a divorce or the death of a loved one.
Reliable Lawyers
One of the advantages of setting up a family office in Singapore is that you get to work with financial advisors who can look for a reliable lawyer. They can help you fairly distribute your estate to your grantees.
Educate You and Your Beneficiaries
What is great about having financial advisors is that they can explain to you and your beneficiaries in layman’s terms the implications and importance of doing a legacy planning. In this way, you can better utilise your
Create Effective Strategies
With the help of an advisor, they can walk you through all the legal documents that will be sent to process the inheritance and succession plan. Doing this will help you come up with effective strategies to hasten the distribution process.
Help with Your Retirement Plans
Legacy planning is also done to map out how much money should you earn from your assets and properties for you to retire comfortably in the future. You can foresee the needed costs with the help of a financial planner.
Provide Better Insights
One of the main duties of a financial advisor from a family office is family wealth management. Thus, they can provide better insights if ever there are changes that you want to make to your legacy plans due to some unfortunate life events.
You have worked hard throughout the years to build your estate, so it is essential to hire an experienced financial advisor from a family office service to ensure that all of your properties won’t be wasted. If you are looking for one, then check out Golden Equator Wealth now!
