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srsly not trolling
he was from a rich family, back in the 80s, they oredi own business, private properties, car and hifi
everr since his parents passed on, he mismanaged the money
today he goes everywhere to sleep, he is in his 60s now
Questions: is there a way for us to setup something like trust fund that would only pay my kid say $2000-$2500 mthly after I pass away ?
I hear trust fund is for the super rich, I only has less than $900K cash(CPF) + HDB
I dun wan my son to be like my cousin
pls kindly advise
(This post was last modified: 08-01-2023, 10:22 AM by
limpeh394.)
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(08-01-2023, 10:14 AM)limpeh394 Wrote: srsly not trolling
he was from a rich family, back in the 80s, they oredi own business, private properties, car and hifi
everr since his parents passed on, he mismanaged the money
today he goes everywhere to sleep, he is in his 60s now
Questions: is there a way for us to setup something like trust fund that would only pay my kid say $2000-$2500 mthly after I pass away ?
I hear trust fund is for the super rich, I only has less than $900K cash(CPF) + HDB
I dun wan my son to be like my cousin
pls kindly advise
I believe you can do so ie set up a trust fund. Consult a lawyer and ask him/her to draw up a will that includes your instructions to set up a trust fund.
tomorrow will be a better day
>
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(08-01-2023, 10:14 AM)limpeh394 Wrote: srsly not trolling
he was from a rich family, back in the 80s, they oredi own business, private properties, car and hifi
everr since his parents passed on, he mismanaged the money
today he goes everywhere to sleep, he is in his 60s now
Questions: is there a way for us to setup something like trust fund that would only pay my kid say $2000-$2500 mthly after I pass away ?
I hear trust fund is for the super rich, I only has less than $900K cash(CPF) + HDB
I dun wan my son to be like my cousin
pls kindly advise
same with my cousins. their father died early and left behind a provision shop with few condos. all the siblings raised up to be spoilt brats. auntie spent hundreds of thousands of dollars to send both of them to US and UK to study for their degrees. came back and beh kan, one was unemployed as he couldn't stand the working stress while the others decided to drive a taxi. other siblings also squandered off my aunt's wealth in gambling..
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(08-01-2023, 10:14 AM)limpeh394 Wrote: srsly not trolling
he was from a rich family, back in the 80s, they oredi own business, private properties, car and hifi
everr since his parents passed on, he mismanaged the money
today he goes everywhere to sleep, he is in his 60s now
Questions: is there a way for us to setup something like trust fund that would only pay my kid say $2000-$2500 mthly after I pass away ?
I hear trust fund is for the super rich, I only has less than $900K cash(CPF) + HDB
I dun wan my son to be like my cousin
pls kindly advise
look like we are related.
he is my cousin as well.
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These are all lessons in life.
If it's your money, spend it. Do charity.
Leave only a gift for your children.
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whether your son will end up like your cousin is up to him
no need to provide for him after u dead
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Endless stories and worries for humanity....pleasant and unpleasant...damn cham
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(08-01-2023, 12:02 PM)K88 shu shu Wrote: look like we are related.
he is my cousin as well.
sucks, dun tell me we have the same wife Yui Hatano like edmwer always said
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(08-01-2023, 11:56 AM)fishbuff Wrote: same with my cousins. their father died early and left behind a provision shop with few condos. all the siblings raised up to be spoilt brats. auntie spent hundreds of thousands of dollars to send both of them to US and UK to study for their degrees. came back and beh kan, one was unemployed as he couldn't stand the working stress while the others decided to drive a taxi. other siblings also squandered off my aunt's wealth in gambling..
if their father did setup something for them, at least they get minimal income mthly to survive
actually Gov shd drive a cheap trust fund structure for middle income family or educate ppl how/where to look for one
I google only DBS advertising this. and dunno what is the charges
(This post was last modified: 08-01-2023, 12:37 PM by
limpeh394.)
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(08-01-2023, 12:06 PM)singaporean1964 Wrote: whether your son will end up like your cousin is up to him
no need to provide for him after u dead
It is our culture here, that we leave some money and properties to our surviving children........and perhaps some money can go to charity......
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(08-01-2023, 10:35 AM)surfer Wrote: I believe you can do so ie set up a trust fund. Consult a lawyer and ask him/her to draw up a will that includes your instructions to set up a trust fund.
I google only DBS doing this, and look like cater for the super rich
I feel GOV shd drive this, or at least educate middle income ppl where to look for affordable trust fund
(This post was last modified: 08-01-2023, 12:41 PM by
limpeh394.)
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(08-01-2023, 10:14 AM)limpeh394 Wrote: srsly not trolling
he was from a rich family, back in the 80s, they oredi own business, private properties, car and hifi
everr since his parents passed on, he mismanaged the money
today he goes everywhere to sleep, he is in his 60s now
Questions: is there a way for us to setup something like trust fund that would only pay my kid say $2000-$2500 mthly after I pass away ?
I hear trust fund is for the super rich, I only has less than $900K cash(CPF) + HDB
I dun wan my son to be like my cousin
pls kindly advise
what kind of a man are you....................!!!
you should use your money to help out your cousin what...............
as for your own son............you can set up a trust fund but the lawyer might laugh at you since you're not a tycoon...............
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Stay in airport hotel lah.
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This is because parent never focus on children .they only care their business and themselve
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I have never believed in the concept of inheritance becuz it breed the beneficiaries to be lazy. Spend ppl monies is easy but earn ppl monies is so tough. Earn so hard give beneficiaries spend which is better proposition? Of cuz beneficiaries! This is why I strongly against inheritance. My late dad monies given to me I will give to my dotters and for my own earned monies to charities or spend on myself. This is correct compensation for the monies I earned so hard
The following 1 user Likes sgh's post:1 user Likes sgh's post
• RichDad
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it is not religion
if you can see the truth in us all
it is all about the SINS we have
and those SINS bought about the never ending mayhams
that is why we are HERE
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(08-01-2023, 03:26 PM)grotesqueness Wrote: it is not religion
if you can see the truth in us all
it is all about the SINS we have
and those SINS bought about the never ending mayhams
that is why we are HERE
We are built in the image of God so the sins we commit reflected on the Creator character traits.
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(08-01-2023, 03:31 PM)sgh Wrote: We are built in the image of God so the sins we commit reflected on the Creator character traits.
Any proof of what you just typed??
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(08-01-2023, 04:07 PM)RichDad Wrote: Any proof of what you just typed??
It is the same as asking for proof that God exist
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(08-01-2023, 04:10 PM)sgh Wrote: It is the same as asking for proof that God exist
It is blasphemy to ask this question........
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The so called GOD exist
but the so called GOD and it existant is not what human can understand
it is like quantum math
1+1 may not be equal to 2
it depends on location location location
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(08-01-2023, 04:22 PM)grotesqueness Wrote: The so called GOD exist
but the so called GOD and it existant is not what human can understand
it is like quantum math
1+1 may not be equal to 2
it depends on location location location
There is always a counter balance. God exist so does Devil. Without Devil God got no opposing force to keep him on his toes. So if one believe in God one should believe in Devil as they come in a pair. God is not as merciful as we know from so many stories like killing Egypt first born Pharoah son, Sodom and Gommarrah and so many other incidents. God is violent and will resort to violence to achieve his objectives.
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(08-01-2023, 04:27 PM)sgh Wrote: There is always a counter balance. God exist so does Devil. Without Devil God got no opposing force to keep him on his toes. So if one believe in God one should believe in Devil as they come in a pair. God is not as merciful as we know from so many stories like killing Egypt first born Pharoah son, Sodom and Gommarrah and so many other incidents. God is violent and will resort to violence to achieve his objectives.
the devil exist because of us
not because of GOD
we exist the devil exist
we dont exist the devil also dont exist
long ago only GOD existed
not us not the devil
then the devil exist and that bought us into existence
that was what happened after we ate the apple
the technology here we are talking is far far way way more advance then we can imagine
(This post was last modified: 08-01-2023, 04:34 PM by
grotesqueness.)
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(08-01-2023, 12:39 PM)limpeh394 Wrote: I google only DBS doing this, and look like cater for the super rich
I feel GOV shd drive this, or at least educate middle income ppl where to look for affordable trust fund
No lah. Go see a lawyer to arrange what you want.
tomorrow will be a better day
>
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(08-01-2023, 04:33 PM)grotesqueness Wrote: the devil exist because of us
not because of GOD
we exist the devil exist
we dont exist the devil also dont exist
long ago only GOD existed
not us not the devil
then the devil exist and that bought us into existence
Not sure if you got read Bible or not. God has angels and one of them break off and there is a war and he lead away 1/3 of them and from then on war against God. That is the Devil I am talking about not the so called our inner demon concept. This angel is quite powerful becuz if not during the war God would have kill him. Just like God it take many forms but most ppl say he has horns and hoof foot and a tail perhaps and God ppl say got halo and wings but who really seem both of them to decide how they look like in reality?
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He's finished