How to pass your wealth to your children

The baby boomer generation, who are now in their 50s and 60s, benefitted from the economic growth and are generally quite wealthy.

Some of them are thinking of how best to transfer a portion of their wealth to their children.

I suggest that they should make a partial transfer now, when their children are in their 20s. The children need the mney now, rather than 20 years later (when their parents pass away).

NTUC Income will organise seminars to cover will writing, annuity plan, term annuity, trust, estate duty and similar topics.

More details will be announced later.