5 things for end-of-life planning

Shukatsu – A Japanese concept of preparing for life’s final chapter

1. Creating Advance Medical Directive (AMD)
   Pre-plan your preferred medical and care arrangements, and appoint your nominated healthcare spokesperson. Advance Care Planning (ACP) guides your healthcare term to perform based on your wishes and relieves your loved ones of difficult decision-making. For a legally binding agreement, explore an LPA.
 
2. Appoint a Lasting Power of Attorney (LPA)
   An LPA protects your best interest and prevents strenuous legal processes for your loved ones in dire circumstances. Appoint a trusted done to make major personal decisions for you when you no longer have the mental capacity to do so.
 
3. Write a will
   Drafting a will allows you to decide on the inheritance distribution of your estate after death, and specify instructions to follow when the time comes. It also gives you peace of mind in the event something unexpected occurs.
 
4. CPF nomination
   It is crucial to complete your CPF nomination and specify the distribution of your CPF savings after you have passed on, as CPF savings are not covered by your will – they do not form part of your estate.
 
5. Insurance nomination
   Make your decision for the legal nominees, and distribution of your insured amount. Keep your loved ones covered in the event you pass on during your policy period.