Afterwards
by Cashflow Clinic
UEN: 201911800G
/ ˈaːf.tə.wədz / af·ter·wards /
Adverb
▸ at a later or future time
▸ estate planning company
▸ afterword: a concluding section of a book
Life. Death. What happens afterwards?
Many often neglect the importance of planning what we want to leave behind for our loved ones.
We never know when the time to leave will come for us. It is always ideal to have things in place in advance to avoid confusion and conflicts amongst loved ones after we leave.
Writing a will doesn’t have to be complicated. One of our experienced professionals will be there to guide you along to make sure you understand what is going on.
We will be able to provide suggestions that cater to your situation.
We can help you actualize your planning to ensure that you have everything in place after you leave this world, be it estate, finances or even a video of your last message to them.
Let your loved ones know how much you love them through a video message that they will be able to watch whenever they miss you.
Million is the new middle
A massive wealth transfer is currently taking place in Singapore and the “millionaire generation” is forming.
Over the years…
✓ The middle class has become increasingly affluent: 13% of the population will become millionaires by 2030
✓ Our collective CPF assets are increasing steadily over the years to the current $563 Billion
✓ Property Prices are at recent years’ high
✓ Access to investments like equities and bonds have been increased and is now commonplace
✓ Insurance payouts are huge relative to the down-trending cost of purchasing them.
The question is, how exactly will the flow of wealth play out specifically for your next-generation or loved ones?
“Hard times create strong men, strong men create good times, good times create weak men, and weak men create hard times.”
This is one of the biggest concerns Baby Boomers, Gen X, and even Millennials who are now young parents have:
“How will the wealth we have play out in the hands of the next generation if we were to pass on…
1) in due time, or 2) unexpectedly today?”
Are they able to benefit from it, yet not be spoilt by it (and therefore likely lose it?)
“Singapore’s engine of compounded collective wealth may quicken, may slow, but is unlikely to stop.”
For example, the challenge in property purchase in Singapore is in the down-payment, more so than the monthly mortgages.
Thus, property prices will likely get higher due to the liquidity of inheritance enabling next generation to down-pay for properties, often seen as a safe-haven asset due to the backing of the CPF system and strict affordability and mortgage rules. The outcome is a looming concern:
“Will my next-generation be able to compete in affording properties in the future, either as a home, or as an investment asset class?”
What you will learn with us
Prevent
How to Prevent probate, equalization and ineffective distribution problems without a complex or expensive Will or Trust.
Preserve
How to Preserve your assets after they have been transferred to the heirs so that it remains a blessing and not a curse.
Prosper
How to boost or duplicate the wealth profile of next generation without compromising your early-retirement, and without purchasing huge loan-backed policies from the banks or insurers that becomes a liability when interest rates are high.
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