Hi friends,
In the previous email, we talked about assets that families may not even know exist.
Today, I want to share another issue I’ve seen many times over the years.
Not a lack of wealth.
But a lack of accessible cash.
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💡 Mistake #4: No Liquidity When It’s Needed Most
Many families in Singapore are actually quite well-positioned on paper.
They may have:
• a property
• CPF savings
• investment portfolios
• insurance plans
When you look at the total numbers, everything seems sufficient.
But there is one important detail that is often overlooked.
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Most of this wealth is not immediately accessible.
Property cannot be sold overnight.
CPF savings are not readily withdrawn.
Investments may fluctuate or take time to liquidate.
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So when something unexpected happens…
the family may find themselves in a difficult position.
Not because there isn’t enough wealth.
But because there isn’t enough cash available immediately.
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Over the years, I’ve seen situations where families needed to manage:
• daily household expenses
• outstanding loans
• short-term financial commitments
during a period when access to funds was limited.
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This is where liquidity becomes important.
Liquidity simply means:
having funds that are accessible, usable, and available when needed.
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Estate planning is not just about how much you leave behind.
It is also about when your family can access it.
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A well-structured plan usually considers both:
• long-term assets for growth and legacy
• and a portion that provides immediate financial support
so that the family has time to adjust and make proper decisions.
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Sometimes, this gap is not obvious until we take a closer look.
And when we do, many families realise that their plan may need a small adjustment.
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In the next email, I’ll share Estate Planning Mistake #5, which involves something many people don’t think about until it’s too late.
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If you would like a professional review of your estate plan and wealth structure, you’re welcome to reach out.
In a Legacy Playbook conversation, we typically:
• review your current wealth structure (CPF, property, insurance, investments)
• identify potential gaps or blind spots in your estate planning
• map out a simple legacy plan for your family
Happy to share how most families in Singapore structure their plans.
To a strong and lasting legacy,
Edward Shee (施文山)
CFP®, MDRT 2023 / 2025, IBFA, AEPP
Associate Director, Financial Advisory
RNF No: SBS200040073
Synergy Financial Advisers Ltd
M +65 9048 2463 | W [email protected]
A 51 Bras Basah Rd, #07-03, Lazada One, Singapore 189554