Your legacy plan decides who is going to pay
A will only deals with assets that fall within your estate, and only after death
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BY 2029, private wealth in Asia is projected to reach US$99 trillion and more than six in 10 of the region’s wealthy will be at least 60 years old, according to a 2025 report by UOB Private Bank, BCG and NUS Business School.
Singapore sits at the centre of this transition. By 2030, one in four Singaporeans will be over 65.
Yet, the typical legacy plan in many Singapore homes is this: There’s a will somewhere, a flat in joint ownership, and a CPF nomination to one’s spouse. The challenge is that these documents do not necessarily work together to produce a coherent legacy plan.
