Married with Young Children or Children with Special Needs

  • Client's Background

    Mr Lee, aged 62, is a widower. He has 2 sons, 13 year-old who is autistic and a 15-year-old. He is a senior management employee with a Multinational Corporation.


    He worries about his 2 children and wants to ensure that his wealth is properly managed upon his demise. He also wants to ensure that his funds are enough to take care of his 13-year-old autistic child throughout his lifetime. Currently, Mr. Lee is unable to identify any close siblings or relatives whom he thinks is suitable to manage his assets.


    Mr Lee has a HDB and a $2.5mil condo with an outstanding loan of $1.5 mil, investments of $800K in US stocks, $200K in Singapore stocks and cash savings of $1.2 million.

  • Outcome Achieved for Client

    1. Monthly living expenses of $2,000/month for each child upon Mr Lee's demise. 
    2. Education and medical funds can be accessed from the trust fund when required.
    3. Mr. Lee's 15 year old son will receive his share of inheritance at age 35.
    4. Mr. Lee's 15 year old son will not be burdened financially of having to look after his autistic sibling.
    5. Mr. Lee's autistic son is ensured of a property to stay throughout his lifetime.
    6. Doing a standby trust helps ringfence his assets from unwanted attention.

Married Couple with Adult Children

  • Client's Background

    Mr Tan, aged 58, is a business owner and lives with his wife, Mrs Tan, 56,. They have 2 daughters - Paige, 25, single and Penny, 28, married. Penny is married with no children and has an unhappy marriage.


    Mr and Mrs Tan own 3 landed properties in Singapore (valued $20 million) and 5 apartments in UK (valued S$1.5 million). They have $2 million in cash, $1 million in US Stocks and $500k in cryptocurrency. They spend $20k/month and have an outstanding housing loan of $2 million.


    Mr and Mrs Tan main concern is to protect their family's interest, should either of them pass on at old age. They do not wish for their assets to fall into hands of scammers and would also like to ringfence their assets against outsiders, in case their daughter, Penny, were to become a divorcee.


    In addition, they hope that the 2 sisters and their future generations will continue to have close family ties and maintain mutual respect, living next to one another and have meals together regularly.

  • Outcome Achieved for Client

    1. 40% of the movable assets will go to the remaining spouse in a lump sum while the remaining 60% will be poured into the Trust upon demise. 
    2. All the landed properties in Singapore will be placed into the Trust. Should Penny enter into divorce proceedings, the assets are protected against outsiders.
    3. Should any of the children be made a bankrupt, the Trust will withhold the periodic payment.
    4. Upon demise, their estate will increase by 2.5 times due to Estate planning.

Singles

  • Client's Background

    Nancy, aged 58, Singapore PR, is planning for her retirement. She currently has a rental income of $850/month from her HDB (valued at $400k), owns a Freehold condo (valued at $1.5mil) and drawing a salary of $200,000/year. 


    Her existing cash savings stands at $1.5 million and she holds some Singapore shares valued at $30,000. She spends about $5,000/month. 


    Nancy plans to retire at 62 and desires to be able to contine to enjoy a retirement income of $5,000/month.


    She has a brother in Malaysia that she would like to appoint as beneficiary. She is not confident that her brother would be able to manage her funds properly. Initially, she intends to appoint her friend as an executor but as her friend is older, she has also considered that her friend may not be a good fit for the role.

  • Outcome Achieved for Client
    1. $2,500/month be given to her brother until his demise. After which, remaining funds and properties will be sold and proceeds will go to 3 charities.
    2. Her investments and annuity will accumulate and generate lifetime dividends of $3,000/month for her. 

LGBTQ and Charity Funding

  • Client's Background

    Keith, 35, is a successful working professional while Michael, 34, is a freelance photographer. Together, they bought a condo (worth $2.5mil) under Tenancy in Common. Due to his aunt’s passing few years ago, Keith received an inheritance of $5 million. Both of them enjoy travelling, yoga and doing charity work.


    Keith would like his partner to be taken care of upon his demise and does not want anyone to know about the content of his Will. He also wants to leave a name of perpetuity where he is able to continue provide funding support in his name to the Children’s Cancer Foundation and SPCA.

  • Outcome Achieved for Client
    1. $4,000/month be given to Michael upon his demise. After which, remaining funds and properties will be sold and proceeds go towards 2 charity organisations.
    2. With the implementation of estate planning, an instrument is created to provide $30,000/mth worth of dividends in the Trust to create perpetuity. By doing so, the non-profit organisations are guaranteed a perpetual income stream to help support the cause that Keith believes in.

Overseas clients who own properties, cash or investment in Singapore

  • Client's Background

    Mr Tang, aged 48, is married with his wife, Mrs Tang, aged 43. Mr Tang is a business owner while Mrs Tang is a homemaker. They are Chinese nationals and have purchased 3 condos (estimated $2.5 million per condo) for their 3 children, age 10, 13, 18 in Singapore. Mr Tang's success today is created by the business which he has built up over the years. 


    Apart from ensuring that the children have good foundation in education, both Mr and Mrs Tang also want to ensure that the assets and funds in Singapore are properly managed after their demise. Mr and Mrs Tang also want to pass down the right family values of filial piety and philanthropy to their children and generations to come. They have the intention to send their children to Singapore for further education in an international school.


    Like many other foreigners, both Mr and Mrs Tang are unclear of the intestate laws in Singapore until they attended a recent webinar.

  • Outcome Achieved for Client
    1. Using Trust, 20% of the movable assets will go to the remaining spouse in a lump sum upon Mr Tang’s demise. The remaining 80% will be poured into the trust upon demise. 
    2. All the properties in SG will be placed into the Trust. 
    3. Should any of the children be made a bankrupt, the Trust will withhold the periodic payment.
    4. Upon Mr Tang’s demise, their estate in the Trust will increase by 3.5 times more with the implementation of an instrument used for purpose of Estate Planning.
    5. The children will have $5,000/month each to cater for their living expenses till they reach 30.
    6. They could access part of the funds in the Estate at age 28 to gift to a charity in their name.

Why people believe in us

Best interest in all my financial planning, especially investment and retirement planning

"I have known Jovin for 14 years. Jovin is very professional, passionate and most importantly, very client-centric (customer-centric) in her service. I can definitely trust Jovin to act in my best interest in all my financial planning, especially my recent investment & retirement planning advice.


All these years, her reliable support and consistent follow up with all my investment, savings, life and medical policies have enabled me to reap higher returns than I have expected."

Lee Kam Peng, 69, Retired

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