Wealth and Legacy Planning in a Crisis, Why It is Important


Ms Angeline Alexander, head of high net worth and affluent customer segments at Prudential Insurance Singapore, recently spoke to Money FM 89.3 host Rachel Kelly on Prime Time, and explains why the downturn is a good time to take stock. Click on the article below to find out more.

She shared that the current pandemic allows time for her clients to assess where things are as well as for her team to evaluate if current health, protection and wealth plans are still suited to their needs. Alexander also explained that wealth planning goes beyond wealth growth as it is about wealth preservation and wealth transfer especially if the clients have businesses, assets and children. It is about thinking about the individuals’ intention and doing it in a smooth and seamless way.

Alexander pointed out that there is a difference between wealth transfer and will as it is a form of legacy planning, whereby her team will look at the strategy from a holistic perspective, understand the clients’ needs, and help them assess what they want to achieve in the short, medium and long term. Legacy planning is also about how they want to best protect and allocate their wealth as well as retire, in view of the projected longer life span of Singaporeans.


Source: Straitstimes (https://www.straitstimes.com/business/invest/wealth-and-legacy-planning-in-a-crisis-0)


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