Programme Structure and Schedule

Onboarding as an Estate & Succession Practitioner (ESP) on the Precepts Platform

Expand your professional services to include Estate and Succession Planning. A business that gives you flexibility of time and income.

PROGRAMME STRUCTURE

This is structured to kickstart your knowledge in Estate Planning. The trainers are senior and qualified practitioners who are experienced and passionate in Estate Planning.

Part 1:
WILLS 2 DAYS + TRUST 1 DAY

OBJECTIVES

To deep dive into the estate planning solutions provided by wills & trusts.

End Result:

You will understand the different Estate Planning tools (Wills, Trusts, CPF & Insurance Nomination, LPA) available and use them effectively to assist your clients to create a well-thought-out estate plan.

3-DAY PROGRAMME OUTLINE

Estate Planning, Wills and Trusts for Financial Services Professionals

DAY 1

Introduction to Estate Planning
Overview of Estate Planning
Intestate Succession Act
Appointment of Administrator
Application of Letter of Administration
Circumstances where sureties are required
Revocation of a Will
Wills Consideration
About the Testator
Location of Assets & Attestation
The duties of the Executor & Trustee

Introduction to Estate Administration
Grant of Probate vs Letter of Administration
Guardian of Minor Children
Beneficiaries
Types of Specific Gifts – Movable & Immovable
Insurance Nominations
CPF Nomination
Residuary Estate
Testamentary Trust
Digital Assets

DAY 2

Singapore Real Estate
Dealing with Cross-Border Assets
Risk Management Aspects of Will Writing

Will Custody Services
Case Studies

DAY 3

Introduction to Trust
Differences between Will & Trust
Parties to a Trust
Categories of Trusts
Purposes of creating a Trust
Ways in using the Trust

Applications of Life Insurance Trust
Lasting Power of Attorney
Some Planning Considerations
Introducing, Facilitating and Creating Trusts
Regulations of Trust Companies

Do note that Part 1 is purely a 3-day course to gain knowledge on estate planning solutions. If you wish to offer the estate planning products and services available on the Precepts Platform, you will need to proceed to Part 2 to join us onboard.

Part 2:
ONBOARDING + EXAM 2 DAYS

OBJECTIVES

We will equip you with practical and marketing-based knowledge by using estate planning solutions to enhance your professional services. Learn how to leverage on the Precepts Platform to provide Estate Planning services and enable you to provide a total wealth planning solution to your client.

A person wishing to join us as an ESP will complete Part 1: 3-Day + Part 2: 2-Day training to kickstart as a Precepts Estate & Succession Practitioner.

2-DAY ONBOARDING PROGRAMME OUTLINE

DAY 1

Structure of eWill Writing Form (eWIF)
Case Study + Practice eWIF
Onboarding Process (Administration)

Submission Workflow
Attestation Workflow
Will Custody Services

DAY 2

Trust Introducer Activities
Product & Services in Precepts Trustee
- Standby Trust
- ProviTrust

Marketing your services as an ESP
Utilising the Precepts Platform
Exam

Precepts Platform

1. Kickstart Programme through an Estate Planning Course

Part 1
– Wills Training – 2 days
– Trust Training – 1 day
Part 2
– Onboarding Precepts + Exam – 2 days

2. Kickstarter Kit

Precepts Name Card
Precepts Email
Training Booklets
Brochures
Access to our Presentation Slide Decks
Access to a Library of Resources and past talks/sharing sessions

3. Exclusive Discounts

Discount on your own & spouse’s Will & Trust

4. Additional 3 income streams for services finalised

Immediate
Recurring
Deferred

5. Direct access to Precepts’ Products & Services to extend your range of services

Consultation for Will writing
Safe keeping of Will in a secured facility
Trust Set up
Professional Executor
Licensed Trust Company with MAS for Trusteeship
Lasting Power of Attorney Form 1 & 2
Setting up of Singapore & offshore companies

6. Continuous training and support from Precepts

Learn to use our online proprietary will writing system to key in the client’s instructions for drafting
Attend our Monthly Sales Booster Class
Invite your clients to our Monthly Estate Planning Talk
Attend our Essential Sharing Sessions throughout the year on relevant Estate Planning Topics
Re-attend our Estate Planning Course as a refresher

*These are provided mostly on a complimentary and sign-up basis.

2022 CALENDAR

Currently, our classes are conducted online via Zoom, unless advised otherwise.

Brochures

FAQ Link

REGISTRATION

If you are working in a Financial Institution and utilising IBF-FTS Funding,
REGISTER at http://bit.ly/precepts_esp2022

If you are NOT working in a Financial Institution and utilising SkillsFuture credits/Cash,
REGISTER at http://bit.ly/precepts_public

Contact Email:

marketing@preceptsgroup.com

TARGET AREAS OF TRAINING

Estate Planning is about transferring your estate to the people you care about. Without a plan, family members or business partners can spend much time and resources sorting out the distribution of your assets.

The objectives of Wills and Estate planning:

Why is Estate Planning important?
Why do people avoid it?
Singapore’s intestacy laws
Estate planning objectives, processes, and tools
Ways to distribute your estate and execute your estate plan
Why do you need to review your plan regularly?

The objectives in setting up a trust can also roughly be summarized under six heads:

Economic, Tax and Estate Duty Minimization
Succession and Inheritance
Wealth Preservation and Enhancement
Maintenance and Provision for the family
Asset Protection and Avoidance of Potential Adversity
Philanthropic, Charitable and Esoteric purposes

LEARNING OUTCOMES

Participants will be able to:

Explore with the client critical issues relating to their individual scenario
Discuss issues faced by the family that impact succession planning
Introduce to the client concepts and structures relating to wealth distribution and succession

This course introduces you to the consequences of not having a will and why it is essential to make your plan now.

Learn about wills, trusts, guardianship, and lasting power of attorney (LPA). By the end of the course, you will know how to plan your estate in a few steps:

Ascertain the assets you own.
Determine how you want your estate distributed.
Decide on the means of transferring your assets.
Execute your estate plan.
Review it annually.

JOIN US AS A PRACTITIONER TODAY OR ENQUIRE TO LEARN MORE

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