Invest Talk Podcast: Tips on legacy planning and setting up trusts

Legacy planning tips: (From left) Our podcast guest Lee Chiwi, chief executive at PreceptsGroup International is hosted by ST's podcast producer Teo Tong Kai and associate editor Lee Su Shyan in the podcast studio. ST PHOTO: SOH YU QIANG

Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST’s business correspondents and editors.

Host Lee Su Shyan - associate editor at The Straits Times - offers you an extra edge in managing your hard-earned money. In this episode, find out what to take into consideration as you manage the funds that you are passing onto the next generation.

There are issues such as tax as well as how to structure the income payouts so that the beneficiaries cannot spend all the money in one go. Trusts are a structure where you can leave your instructions and they will be carried out.

Su Shyan hosts her expert guest Mr Lee Chiwi, chief executive at PreceptsGroup International.

Highlights (click/tap above):

2:00 What’s important as you start on estate planning

5:10 Why and how a trust can come in useful for very young beneficiaries

6:11 With more Singaporeans leaving larger amounts in their CPF accounts upon their demise, why it may make sense to do a nomination of CPF funds into a simple trust to avoid issues

8:06 How taxes may be an issue when it comes to estate planning; example of a beneficiary becoming a newly-wed and looking to buy his first home

10:30 Trusts for special needs individuals

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Produced by: Lee Su Shyan (, Ernest Luis, Eden Soh and Teo Tong Kai

Edited by: Teo Tong Kai

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Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.

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