Will making

[reddevil0728]

am sure you can do better than that?

You asking alternatives ma.

that’s one.

if not set up trust

 

[rrr2015]

You asking alternatives ma.

that’s one.

if not set up trust

yeah and i was saying you could do better.
thanks for your suggestions, not HNW so trust not suitable.

 

[reddevil0728]

yeah and i was saying you could do better.
thanks for your suggestions, not HNW so trust not suitable.

do what better?

setting up trust doesn't not mean one needs to be HNW.

 

[rrr2015]

do what better?

setting up trust doesn't not mean one needs to be HNW.

it does to make it worthwhile since more costs & process involved

don't want to get legal involved if assets & distribution aren't complicated. e.g like saving can setup joint account, cpf got nomination etc

 

[reddevil0728]

it does to make it worthwhile since more costs & process involved

don't want to get legal involved if assets & distribution aren't complicated. e.g like saving can setup joint account, cpf got nomination etc

so the best way is still to transfer while you are alive is it?

 

[luvpraline]

any alternatives besides will making?

Off hand:
- Joint accounts
- Letting your beneficiary know your ATM pin but don't give them access to your card yet

 

[reddevil0728]

Off hand:
- Joint accounts
- Letting your beneficiary know your ATM pin but don't give them access to your card yet

But that’s for cash.

asset different thing.

also the latter technically is “illegal”

 

[Squaredot]

it does to make it worthwhile since more costs & process involved

don't want to get legal involved if assets & distribution aren't complicated. e.g like saving can setup joint account, cpf got nomination etc

yeah I also wish can do nomination for individual CDP account like CPF account

 

[reddevil0728]

yeah I also wish can do nomination for individual CDP account like CPF account

actually why just stop at cdp? normal bank account also ma

 

[Squaredot]

actually why just stop at cdp? normal bank account also ma

can have joint bank account mah.
will u reply can have joint CDP account mah?

 

[rrr2015]

Off hand:
- Joint accounts
- Letting your beneficiary know your ATM pin but don't give them access to your card yet

yeah bank, property can do joint account.
investment not so easy yet, perhaps should nudge MAS to support such needs

 

[rrr2015]

But that’s for cash.

asset different thing.

also the latter technically is “illegal”

depends to you view lah for me cash in banking account is a form of assets

 

[reddevil0728]

can have joint bank account mah.
will u reply can have joint CDP account mah?

Ya is true ma. There’s joint CDP account

depends to you view lah for me cash in banking account is a form of assets

That was specific to that post. Talking about joint account.

not all non cash assets can be joint

 

[rrr2015]

Ya is true ma. There’s joint CDP account

That was specific to that post. Talking about joint account.

not all non cash assets can be joint

I'm asking if one don't have complicated assets & distribution needs (i.e no rolex, valuable jewelry, cars etc), can will making be entirely be avoided?

 

[reddevil0728]

I'm asking if one don't have complicated assets & distribution needs (i.e no rolex, valuable jewelry, cars etc), can will making be entirely be avoided?

again i was replying to that specific post ma.

Are you looking at like the option of nomination similar to CPF and insurance?

 

[rrr2015]

again i was replying to that specific post ma.

Are you looking at like the option of nomination similar to CPF and insurance?

I'm looking to alternative to will making
anyway never mind i have answers liao

 

[reddevil0728]

I'm looking to alternative to will making

the options have been laid out lor.

those that can nominate, nominate
joint account
trust

 

[Squaredot]

Ya is true ma. There’s joint CDP account

Ya lah. But some things have to stay in individual CDP account, cannot be transferred to joint CDP account mah.

 

[reddevil0728]

Ya lah. But some things have to stay in individual CDP account, cannot be transferred to joint CDP account mah.

but that's the same argument for bank account no?

 

[Squaredot]

but that's the same argument for bank account no?

No.