Planning Your Will, Trust, LPA & More Estate Planning for the Modern Family

by Chee, Keon

• ISBN13: 9789814794596
• ISBN10: 9814794597
• Format: Paperback
• Copyright: 2021-04-07
• Publisher: Marshall Cavendish International (Asia)

Summary

With society’s rising affluence, children andfamilies stand to inherit properties and many thousands and millions of dollarswhen parents and relatives pass away. The importance of setting out clearinstructions about the distribution of your assets or wealth while you arestill alive cannot be overstated. This process of estate planning involvesmaking a will and perhaps setting up a trust, depending on your personalcircumstances.The rise of the modern family and what such a family is likelyto own, add to the diversity of planning required. In addition to thetraditional two-parent family, we have families with single parents, partnersof different races, nationalities and faiths, and same-sex partners. The modernfamily is likely to own foreign assets, a business, pets and digital assets,and likely to consider charitable giving in their estate planning.In this book, well-known estate planner KeonChee takes you through the various aspects of estate planning, including thewriting of a will, the setting up of a trust, planning your Lasting Power ofAttorney (LPA) and setting out other important final wishes. The author hasinvited several highly experienced practitioners to share their specialistknowledge throughout the book enhancing the breadth of coverage.

Author Biography

Keon Chee is an estate planner with many years’ specialist experience in wills, trusts and fiduciary services. He advises families and businesses on their estate, and financial and succession needs. Keon obtained an MBA from Columbia University. After working in finance for many years, he went on to obtain a law degree from the University of London.Keon is a sought-after commentator on estate and financial matters and is also co-author of Make Your Money Work For You, Islamic Finance, and Bringing Up Money Smart Kids, published by Marshall Cavendish.