What happens to those who die without leaving a will? 

In Singapore, we have the Intestate Succession Act in law. All those who do not have a will written would have their assets go through the Act, leaving them no say in how the assets are distributed. 

Without boring you too much, in a gist, this is what happens:

• Your assets are frozen after death
• Your successors would have to obtain a legal document called the “Letter of Administration”. It is NOT free. It can cost $950 today. 
• The Administrator  evaluates all your outstanding debts, and uses your assets to pay them off first
• The remaining asset, if any, after debts, will go to family members in priority and portions dictated by the Act.

Without a will, you have no say whatsoever in how your assets will be managed. It could turn into an ugly, financial war between the survivors. Everyone is significant, and should not have their legacy distributed against their wishes. 

Get in touch with us today so that we help plan your legacy. 

The Investment-Linked Policy (ILP) is an effective vehicle to tackle both your insurance and investment perfectly. It is especially useful if you have not bought a substantial Whole Life Policy. Here is why we think everyone should get a ILP:

1. Full insurance coverage, including Critical Illnesses and Personal Accident

2. Investment profits bring you an assured and dignified retirement

3. Rising costs of insurance is covered by your investment, so you need not pay extra out of your pocket. This gives you a commitment plan that does not rise with time. 

4. You consolidate one sum of money into one plan, saving you the hassle of paying several sums of money for different purposes. 

5. Allows you to withdraw money in time of need, so you would never fall into debt

There are still many investors who believe in waiting for the right time to enter the market. These investors usually wait too long and end up not buying a good stock before it rises sharply. 

Timing the market sometimes leads to temporary losses, because it is hard to really time the market. These temporary losses lead to permanent losses when the investor decides to exit. 

Warren Buffett picks a good stock, and pours in a large sum into it. But we don’t have his wealth so what’s the next best strategy? 

We do it through Dollar Cost Averaging. When we pick a good investment, we invest in a regular interval, prolonging our time in the market. This has 2 clear advantages:

1. It brings down the dollar cost of each unit of investment we buy

2. We do not miss out on a good investment

Our ADR Group consultants are well-versed in investments. If you are interested in investing, let us know and we shall find you a good investment.