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

  1. Precepts Name Card
  2. Precepts Email
  3. Training Booklets
  4. Brochures
  5. Access to our Presentation Slide Decks
  6. 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

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

6. Continuous training and support from Precepts

  1. Learn to use our online proprietary will writing system to key in the client’s instructions for drafting
  2. Attend our Monthly Sales Booster Class
  3. Invite your clients to our Monthly Estate Planning Talk
  4. Attend our Essential Sharing Sessions throughout the year on relevant Estate Planning Topics
  5. 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:
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:

  1. Ascertain the assets you own.
  2. Determine how you want your estate distributed.
  3. Decide on the means of transferring your assets.
  4. Execute your estate plan.
  5. Review it annually.
JOIN US AS A PRACTITIONER TODAY OR ENQUIRE TO LEARN MORE
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