WEALTH GIVING – ESTATE PLANNING

Amanda and her husband Brad live at Pine Grove Condo, a leasehold property at Pine Grove Road. The property is registered under Amanda’s name. Amanda Li’s 2nd sister, Sandra who is 38 years of age, is a private banker with Supreme Bank.  Amanda had written a Will prior to her marriage to Brad and had nominated her parents as nominees for her CPF monies. 

Upon her Death, Amanda wishes to give her assets shown below to the stated beneficiaries. You are to advise her about the most effective way of planning her estates: 

(i) Her Pine Grove property to her parents

(ii) Whole Life Insurance Policy’s Proceeds to Brad and Sandra

(iii) Saving and Fixed Deposit Amount to charity