Harry Elias Partnership LLP Family and Divorce Partner Tan Hui Qing was featured in The Straits Times’ Sumiko At 61 article titled “No children, no problem?”
Commenting on the topic of estate planning, Hui Qing says those who are childless should start thinking about drawing up a Lasting Power of Attorney (LPA), an Advanced Medical Directive (AMD), and a will to distribute their assets after death. “That’s not to say that people with children should not deal with these issues. They should, because they are important to everyone. But if you have children, you still have a fallback, assuming you did not make those arrangements,” Hui Qing says.
On wills, Hui Qing commented “A lot of childless couples think about giving to charity, and if you have not made those provisions in a will, then only your family members will stand to benefit under the law.”
Read in full here.
