Legacy planning involves the distribution of your assets and belongings after you pass on, according to your wishes. Cash, investments, real estate, insurance cash value, and your CPF are all examples of assets. The idea of legacy planning is to pass on your wealth to future generations.
Because life is unpredictable, making plans to leave a legacy should not be put off. Before losing the capability to make a decision that best represents your intentions, you should start planning for it at the same time that you plan for your retirement.