The importance of writing wills and estate planning

In a commentary, second-year SMU student at the Lee Kong Chian School of Business and one of the student trainers in the Citi-SMU Financial Literacy Programme for Young Adults Chua Zong Yu shared about the importance of writing wills and estate planning. He noted that the objectives of estate planning are multi-fold but it is essentially to ensure that the maximum value of the deceased's assets and wealth is distributed to his dependents according to his wishes. Additionally, Chua highlighted that estate planning has also become a means for maintaining harmony in one's family after one's death, preventing disputes and misuse of funds.

Source
The Business Times