Have been 2 months since I last updated my entry. Been quite occupied with my studies in Chartered Financial Consultant (CHFC) certification. Have failed my Modules 3 exam 2 times then passed in the 3rd time.
In this 3rd module, I learned about Taxation and Estate Planning. In taxation, I understand, how do IRAS calculate our individual taxes, and what is classified under tax deductible and what's not. For Biz owner, like self-employed or Partnership biz, what is kind of biz expenses are deductible. ;> And under Estate Planning, what is essential tools to use WILL, NOMINATION, TRUST and POWER OF ATTORNEY etc.
The several tools serve different purposes in Estate Planning. I will share with you all more regards about the Individual Estate Planning tools in my next entry soon.
A short video on Basic of Estate Planning,