Provides a future
One of the main benefits of working abroad is an opportunity to provide financially for your family. But one of the biggest challenges, is to decide the best way to foster wealth that you have done – and how to protect your legacy for the benefit of future generations.
Investment in stocks, collective funds or other assets can produce growth, but hold it in geographical locations that are different from what you population or domicile can sometimes have unwanted, and unwanted consequences.
For example, since 1985 there have been no requirements to pay Indian heritage duties when Indian citizens die but inheritance duties can be applied to wealth stored in other countries, such as the British and the US, where inheritance and inheritance tax are imposed through -Pall ‘Asset Site’. And don’t forget the risk of currency fluctuations.
Planning forward to protect your assets
Fortunately, with careful planning and suggestions from wealth managers, you can protect your investment from such problems and ensure that your desire to use and transfer your wealth in the future will be carried out quickly, in line with your intentions, and without complexity and delay .
The ideal solution must be flexible and portable to calculate the fact that your own needs and plans can change and develop over time. For example you might want access to your money in the coming years and you can move to work or choose to become a resident in another country. If your family’s situation changes, you might also want to add or change the beneficiaries you nominated.
Help with your plantation planning.
Important information
This article is intended for general circulation and for information purposes only. It may not be published, circulated, reproduced or distributed in whole or part to any other person without prior consent of AAM. This article should not be construed as an offer, solicitation of an offer, or a recommendation to transact in any products mentioned herein.
The information does not take into account the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a licensed wealth manager regarding the suitability of the investment product before making a commitment to purchase the investment product.
Whilst we have taken all reasonable care to ensure that the information contained in this article is not untrue or misleading at the time of publication, we cannot guarantee its accuracy or completeness.
Any opinion or estimate contained in this article is subject to change without notice. The above report may contain data obtained from third parties and as such we cannot guarantee the accuracy of this data. AAM Advisory Pte Ltd is licensed by the Monetary Authority of Singapore, FA Licence no 100032.
