This course equips FA reps to understand estate-planning tools and insurance nomination mechanisms in Singapore, including wills, trusts, LPA, AMD, Section 73 CLPA, revocable nomination, irrevocable nomination and absolute assignment.
Learn how these tools affect financial advisory conversations, especially for family protection, liquidity planning, beneficiary planning, business-owner planning and vulnerable-dependant scenarios.
The AI component would focus on client profiling and estate-planning risk analysis.
Learning Outcomes
By the end of the course, participants should be able to:
Explain the purpose and differences between wills, trusts, LPA and AMD at a practical advisory level.
Explain how insurance nominations and assignments affect policy proceeds and beneficiary outcomes.
Distinguish between Section 73 CLPA statutory trust, revocable nomination, irrevocable nomination and absolute assignment.
Identify estate-planning gaps in client profiles, such as minor children, blended families, business ownership, elderly parents, special-needs dependants or outstanding liabilities.
Recommend suitable planning conversations involving insurance, liquidity, nominations and professional referrals.
Use AI-assisted profiling to identify estate-planning risks while respecting confidentiality and data protection obligations.
Conduct a sensitive estate-planning conversation with appropriate boundaries.
Module Outline
Module
Topic
Key content
1
Estate planning foundations
Purpose of estate planning, intestacy risk, liquidity, dependants, family conflict
2
Wills, trusts, LPA and AMD
Practical differences, use cases, limitations, referral points
