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CPF savings are not readily withdrawn.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
Disclaimer
The information provided in this article is for general informational and educational purposes only and does not constitute financial, legal, or tax advice. The views and opinions expressed are those of the author and do not necessarily represent the views of Synergy Financial Advisers Pte Ltd.
Financial planning decisions should always be made based on your individual circumstances. You are encouraged to seek personalised advice from a qualified financial adviser before making any financial or estate planning decisions.
Edward Shee Boon Sun is a licensed representative of Synergy Financial Advisers Pte Ltd.