Structure of Will with Equities as Major Asset

[weijian]

Dear Buddies

Need your advice. I want to write a will but majority of my assets are in equities (SGX). How do your think I should structure my will such that if there is any unforeseen demise, my stocks will not be sold at whatever price the market offers?

A few of my stocks are illiquid and I hold concentrated bets. Any sudden "sell-down" due to portfolio liquidation will definitely bring bad prices.

Your opinions are highly appreciated.

Thank you!

The asset is just a mean to an end. I am not sure how much time you have left. Rather than setup a fool proof system, maybe your remaining time (till you meet the Maker) will be better spent developing the system or finding the relevant avenue to make that $ multiply its usefulness.

Developing the system means to educate your future beneficiaries. If they don't share your views but you still believe you should leave $ to them, maybe the WISER way is not to worry too much. You come to the world naked, there is a singular reason why you are leaving naked as well. I do not believe it matters anymore to you, after you leave.

Finding the relevant avenue to make that $ multiply its usefulness means to GIVE that money away to a receiving party where it is either close to your heart or whom you can wholy trust to administer in a way that you will do, if someone else had done the same to you (ie. the tables are turned)

I reckon my replies are abit anti-thesis to what others have replied earlier. Looking at the way the question is structured, it shouldnt be what you are looking for either but in the healthy spirit that we should take advantage of the aggregate wisdom of crowds, i would just like to contribute my thoughts.

[CityFarmer]

Dear Buddies

Need your advice. I want to write a will but majority of my assets are in equities (SGX). How do your think I should structure my will such that if there is any unforeseen demise, my stocks will not be sold at whatever price the market offers?

A few of my stocks are illiquid and I hold concentrated bets. Any sudden "sell-down" due to portfolio liquidation will definitely bring bad prices.

Your opinions are highly appreciated.

Thank you!

The asset is just a mean to an end. I am not sure how much time you have left. Rather than setup a fool proof system, maybe your remaining time (till you meet the Maker) will be better spent developing the system or finding the relevant avenue to make that $ multiply its usefulness.

Developing the system means to educate your future beneficiaries. If they don't share your views but you still believe you should leave $ to them, maybe the WISER way is not to worry too much. You come to the world naked, there is a singular reason why you are leaving naked as well. I do not believe it matters anymore to you, after you leave.

Finding the relevant avenue to make that $ multiply its usefulness means to GIVE that money away to a receiving party where it is either close to your heart or whom you can wholy trust to administer in a way that you will do, if someone else had done the same to you (ie. the tables are turned)

I reckon my replies are abit anti-thesis to what others have replied earlier. Looking at the way the question is structured, it shouldnt be what you are looking for either but in the healthy spirit that we should take advantage of the aggregate wisdom of crowds, i would just like to contribute my thoughts.

I am on your side. There is hardly any fool-proof system. The best is a balanced system with fairness, flexibility and accountability. The key is still on the beneficiary/beneficiaries for the system to work.

I am thinking along the line now, even the "problem" is probably decades away. I reckon the same for grooming the 2nd generation of successful entrepreneurs, while pioneers are still around.

[namralk]

Many Thanks to everyone who have given your opinions.

I am not thinking of structuring my will such that it will continue to multiply in value after I am gone. I am still relatively young and in good health. I just want to lay some protection for my young kids should there be a sudden demise. My OH do not have investment knowledge and is not inclined towards it (temperament wise unsuitable also).

I will find out more about how trust works and whether it make sense for my quite-modest AUM

[weijian]

Many Thanks to everyone who have given your opinions.

I am not thinking of structuring my will such that it will continue to multiply in value after I am gone. I am still relatively young and in good health. I just want to lay some protection for my young kids should there be a sudden demise. My OH do not have investment knowledge and is not inclined towards it (temperament wise unsuitable also).

I will find out more about how trust works and whether it make sense for my quite-modest AUM

Hmm..Seems like your statement 'Any sudden "sell-down" due to portfolio liquidation will definitely bring bad prices' has been misinterpreted by all.

If you are relatively young with quite modest AUM, maybe TERM INSURANCE may meet your needs better. It is a protection against the fear that you have (sudden demise with loss of earning power). But of course, no harm to think BIG for the future!

P.S. I am not a financial planner. So take my postings with a pinch of salt (read: you are reading and possibly taking action based on what you read at your own risk)

[etan]

I agree.

There is a time for everything. When it's time to let go, let it go!

The next generation may not have the same interest as the previous generation.

Most investments need human management from time to time, and some investments are really complicated stuff.

Maybe 10/20/30yr SGS bonds are safer and easier to manage?

Just talking to my invisible self: Just leave me lots of cash and some properties, that is all I am asking!
When I 'spent finish' my cash, I will sell 1 piece of property, and I think that will last me quite a number of years, and then another one...

Dear Buddies

Need your advice. I want to write a will but majority of my assets are in equities (SGX). How do your think I should structure my will such that if there is any unforeseen demise, my stocks will not be sold at whatever price the market offers?

A few of my stocks are illiquid and I hold concentrated bets. Any sudden "sell-down" due to portfolio liquidation will definitely bring bad prices.

Your opinions are highly appreciated.

Thank you!

The asset is just a mean to an end. I am not sure how much time you have left. Rather than setup a fool proof system, maybe your remaining time (till you meet the Maker) will be better spent developing the system or finding the relevant avenue to make that $ multiply its usefulness.

Developing the system means to educate your future beneficiaries. If they don't share your views but you still believe you should leave $ to them, maybe the WISER way is not to worry too much. You come to the world naked, there is a singular reason why you are leaving naked as well. I do not believe it matters anymore to you, after you leave.

Finding the relevant avenue to make that $ multiply its usefulness means to GIVE that money away to a receiving party where it is either close to your heart or whom you can wholy trust to administer in a way that you will do, if someone else had done the same to you (ie. the tables are turned)

I reckon my replies are abit anti-thesis to what others have replied earlier. Looking at the way the question is structured, it shouldnt be what you are looking for either but in the healthy spirit that we should take advantage of the aggregate wisdom of crowds, i would just like to contribute my thoughts.

[invest4aliving]

Properties are the only thing that can be effectively managed by a layman as compared to equities.
So, the best option is to have the will states all shares to be sold when you die.

[NTL]

How about trying it this way: Coporatized your assets. Form a company, make yourself the CEO, put all your assets into the company, manage the assets thru the company.

If anything happen to you, it will be the succession plan of the company that need to be take care of. Whatever assets in the company will be left untouched.

Of coz, taxes and other corporate administrations will be involved.

[namralk]

Properties are the only thing that can be effectively managed by a layman as compared to equities.
So, the best option is to have the will states all shares to be sold when you die.

I agree with this. I think what I will do is to let my spouse knows the sell price of the equities. There is no need to fire-sale. See link below. "It is not necessary to liquidate the securities. These securities can be transferred to the rightful beneficiaries according to the deceased person’s will or under the intestacy law."

http://www.estateplanning.com.sg/estate-...-and-bond/