PROBATE & ESTATE ADMINISTRATION (ELE2) CLASSROOM TRAINING TGS-2023040329
What will you learn?
In the first part of the course, we begin with non-Muslim situations. We learn how to prepare for the perfect scenario where a person passes away with a will, an up-to-date schedule of assets and sufficient liquidity for the family. Such preparation can minimise the cost of and time taken for probate & estate administration.
We compare this with the less-than-perfect scenario where a person passes away without a will, leaving the family far less prepared. There are more steps to take, more time spent and higher probability of disputes among family members.
We next look at the process when a foreigner passes away in Singapore with assets in Singapore – with and without a will.
After the grant of probate is extracted, we look at how estate administration tasks are performed to deal with motor vehicles, CPF funds, properties, insurance policies and others.
In the second part of the course, we examine Muslim situations. We study the key aspects of Muslim inheritance law, and how they differ with non-Muslim situations.
Finally, we will discuss what financial planners can do to help families prepare for future probate, and deal with present day deaths.
Trainees will gain practical knowledge from actual case studies to guide their clients. Redacted court documents are shown to support the learning. The trainers are accomplished practitioners and excellent at simplifying and communicating technical content.