Afterlife planning means getting ready for what happens to your body and stuff when you die. This involves making arrangements for your funeral or burial and deciding what will happen to your belongings and property.

Wills, deeds, pre-arranged funeral, and selecting your final resting place etc. .

Will

Will is an important part of estate planning. A will is a legal document that outlines your wishes for the distribution of your assets and possessions, as well as any other instructions you may have for your funeral or other matters.

Deeds

In Singapore, deeds are legal documents that can be used to establish or transfer ownership or other rights in property, or to create legally binding obligations between parties. Deeds can cover a wide range of topics, from property transfers and mortgages to commercial transactions and agreements between individuals or organizations. (usually when the person is alive)

Although, it may not be considered to be part of your afterlife plans, It is important to take note that when it comes to wills, deeds can sometimes create conflicts with the interests of the will.

For example, if a person creates a will that specifies that their property should be distributed in a certain way after their death, but then subsequently signs a deed that transfers some of that property to another person or entity, there may be a conflict between the terms of the will and the deed.

Trust

Trusts are a popular vehicle for estate and succession planning in Singapore. A trust is a legal arrangement where assets are transferred from the owner (the settlor) to a trustee to be held for the benefit of one or more beneficiaries. The trustee manages the assets and distributes income or capital according to the terms of the trust deed.

There are several types of trusts available in Singapore, including discretionary trusts, fixed trusts, and charitable trusts. Each type of trust serves a different purpose and offers different benefits.

Pre-arranged Funeral

Pre-planned funerals are becoming increasingly common in Singapore, as more people recognize the benefits of taking control of their end-of-life arrangements. By planning ahead, individuals can ensure that their funeral wishes are met, alleviate the burden on their loved ones, and potentially save on costs.

In Singapore, pre-planned funerals are typically arranged through funeral homes or insurance companies. These plans may include a range of services, such as cremation or burial arrangements, transportation of the body, and the provision of a casket or urn. Some plans may also include funeral services, such as religious ceremonies or memorial events.