Retirement & Wills

If a married person without parents and children passes on without a will, who gets his estate?

• Brother

• Surviving Spouse

• Auntie

• Niece

Is CPF disbursement covered by the Will?

• Yes

• No

You should not list all your assets in your will as it change all the time. Where can you list your assets?

• Schedule of Property

• Scale of Assets

• Schedule of Assets

• Schedule of Acquisitions

LPA (Lasting Power of Attorney) is used only when the person passes on.

True or False?

• True

• False

The next-of-kin will take over the assets automatically when mentally incapacitated.

True or False?

• True

• False

LPA Form 1 application fee is waived till ________.

• December 2026

• March 2024

• March 2026

• December 2024

Why should we try Hybrid Retirement?

• So that we can start retirement when we have the energy physically to experience the world.

• So that we can impress our friends.

• Because full retirement is boring.

What is a type of Passive Income ?

• A salary from a full-time job

• Dividend income from funds

• Profits from selling property

• Renumeration from online surveys

What are the benefits of generating passive income ?

• Provides a steady stream of income with less active effort

• Diversify income sources and reduce reliance on a single source of income

• All of the above