First Light Estate Planning Pte Ltd

09/05/2022

AN ADDITIONAL Buyer’s Stamp Duty (ABSD) of 35 per cent will be imposed on any transfer of residential property into a living trust, where the transfer occurs from May 9, the Ministry of Finance announced late on Sunday night (May 8). Read more at The Business Times.

09/08/2021

01/01/2021

"There are far better things ahead than any we leave behind."

- C.S. Lewis

Happy New Year from all of us at First Light!

25/12/2020

The Stars shine brightest in the Darkest Night
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Merry Christmas from all of us at First Light Estate Planning! ❤️

05/06/2020

[ Woes of Executors who are laypersons ]

Most of the time, it's a thankless job. Thank your executors.

"A district judge has held that two women, who became co-executrices of a dying woman's will in 2003 to fulfil her wishes, are liable to pay about $87,000 from the estate to her now-adult son.
..The orphan, who grew up in the guardian's house from the age of 14, sued the two women in 2018, claiming they did not fulfil their fiduciary duties and asked for a true account of her assets.
.. After going through the asset-related documents and deducting maintenance and education expenses during his growing-up years, the judge held in February that both women were jointly and individually liable to pay $87,498 to the son."

A district judge has held that two women, who became co-executrices of a dying woman's will in 2003 to fulfil her wishes, are liable to pay about $87,000 from the estate to her now-adult son. One of the duo was also the guardian of the son after his mother died in 2003, a first such reported case of...

20/05/2020

坏的日子一定会过去~ A touching song by a good friend, the talented Ashton Koh 許寰傑

06/05/2020

< SISTERS LOSE SUIT AGAINST SISTERS OVER FIRMS WORTH $120M > - Business Succession Planning

"Judicial Commissioner Chionh found the four women were "warring siblings" who did not team up to grow the companies and whose relationships were not based on mutual trust and confidence despite being family members."

Distributing company shares to family members is easy.

However, planning for business succession is no easy feat. It requires time, effort and consideration.

The strategy?

Planning for different phases at different stages in life.

Plan ahead, review constantly!

P.S. There are always two sides to a story.

- Sam

27/04/2020

< TIGHTENED LIST OF ESSENTIAL SERVICES >

Like many of friends and local businesses, we have received an email to notify that our exemption has been rescinded.

With the restrictions in place, we have clarified with the authorities and have worked out an arrangement to still serve you while complying with the necessary safe distancing requirements.

Do contact us to find out more.

Together we will get through this and minimize the further spread of the virus.

Stay Safe, everyone!