Chris Infotainment

A recent survey has revealed that a significant majority of high-net-worth (HNW) individuals in Singapore are concerned about the long-term sustainability of their wealth. According to findings, 67% of these individuals fear that their wealth may not endure beyond their children’s generation due to shifting preferences among younger generations and the unpredictable nature of financial markets. The survey, conducted by Sun Life, a financial services firm and insurer, also highlighted that 75% of HNW individuals in Singapore worry that their heirs are not adequately prepared to manage inherited assets. Despite having strong aspirations for legacy planning, many remain uncertain whether their legacies will withstand the test of time and generational change. Other key concerns include disputes over assets, which were cited by 59% of respondents, and fears related to market volatility impacting asset valuations, noted by 53% of participants. The report emphasized that this uncertainty e...

A Family's Approach to Inheritance A year after our father passed away, our mother called us together and shared a decision that would shape the future of our family. She announced that all the family land would go to our second brother, her oldest son. This moment marked the beginning of a unique journey for our family, one that involved understanding and respecting each other's roles and responsibilities. Reading stories online about siblings fighting over inheritance often makes me feel sad for those involved. I want to share my own experience and perhaps offer one perspective on handling situations like this. The Family Dynamics My parents had a daughter, followed by two sons and another daughter. The eldest married early and moved in with her husband, leaving my father, mother, older brother, younger sister, and me at home. Back then, we were poor, though we were fortunate to still have about five hectares of farmland. My younger sister and I were still in school and ...