Legacy Planning - Is a simple will enough?

Two things are guaranteed in life: death and taxes. Many people fail to plan for death until it eventually occurs and by then, it's obviously too late. Unexpected death or unplanned death can be costly and cause arguments or even divorces. Although it is a morbid subject and may be uncomfortable to talk about with loved ones, it cannot be understated just how important legacy planning is. Legacy planning is the act of preparing how you will bequeath your property and assets to your loved ones after your death. You've worked hard to build what you have. So, it's only natural that you want to establish and nurture a legacy that will last for years or even decades after you've gone. Creating and maintaining a legacy plan gives you your best chance at that lasting legacy, whether that involves creating a trust, starting a foundation, crafting your last will and testament or all of the above. By creating your legacy plan, you are ensuring that you can continue to support the people you love even after you've died.
Purpose: Learn about legacy planning
Facilitator: Colin Feng (Guest Presenter - AXA Advisors)