The Role of a Letter of Wishes: Clarity Beyond the Will (S5E16)

Legacy Insights is a new podcast series by Providend that explores what it truly takes to plan a meaningful and lasting legacy, beyond just writing a will, or engaging with a corporate trustee.This series explores the critical collaboration between wealth advisers and legal professionals in safeguarding your family’s future. Joined by lawyers Cynthia Tang of Tang Thomas and Soo Chye from OAKS Legal, each episode shares real-life stories showing how thoughtful planning can protect your family and make a meaningful difference, offering practical insights for your own legacy journey.In this episode, Cynthia and Yong Cheng unpack the role of a Letter of Wishes, a powerful, though non-legally binding, document that guides your executor in carrying out your legacy plan with clarity and care.They also discuss why a Letter of Wishes goes beyond instructions, serving as a deeply personal message to your loved ones. At Providend, we encourage clients to write this in their most authentic voice. From expressing intentions to sharing values and hopes, it allows you to communicate what truly matters and add meaning to the wealth you leave behind.In managing over S$1.7 billion of our clients’ hard-earned assets, Providend believes legacy planning goes beyond legal structures and documentation. It is about bringing clarity to what matters most, and ensuring your true intentions are understood, and not just recorded in a will that is filled with legal jargon.Music courtesy of ItsWatR.The host of this episode, Loh Yong Cheng, is the Deputy Head of Advisory at Providend, the first fee-only wealth advisory firm in Southeast Asia and a leading wealth advisory firm in Asia.The full list of Providend’s Money Wisdom podcast episodes from Season 4 can be found here.Did you know that our Providend’s Money Wisdom podcast is now available in video format on YouTube? Follow us on our YouTube channel for new episode on Thursday at 8pm.Mentioned in this episode:Download our RetireWell™ eBook Today!Our popular RetireWell™ eBook has been updated! RetireWell™ is a methodology that Providend has developed to design a retirement income plan that will provide you with a safe and reliable stream of income for the rest of your life. Check out the link here to download a complimentary copy of the full eBook today: https://providend.com/publications/#retirewell