Connect with us

Technology

Summit Planners: Estate Settlement with and without a Will

Published

2 years ago

on

SINGAPORE, Oct. 28, 2024 /PRNewswire/ — Leaving the decision of estate distribution to your loved ones can place a heavier burden on them than you can ever imagine. The estate settlement process may not be as simple and straightforward as you envision. Summit Planners aim to raise awareness of the difficulties that your surviving loved ones may face, both with and without a Will.

What is Estate Settlement?

Estate settlement is the process of handling the administrative and financial affairs following the time of death. It involves obtaining the death certificate, settling outstanding bills and funeral expenses, applying for the grant of probate or letter of administration, distributing assets, and more.

Following your passing, your loved ones will need to determine if you leave behind a Will. The Will not only outlines your distribution intention, but may also reflect your intentions for funeral arrangements.

Estate Settlement in the presence of a Will

If you leave behind a Will, the appointed executor will need to read and understand the instructions indicated in your Will. Thereafter, the executor will have to apply to the Court for the right to administer your estate. The executor will need to identify and gather your asset before extracting the grant of probate. After obtaining the grant of probate, your executor will distribute your assets according to your wishes. This streamlined process saves time and would be easier for your executor who has a clear idea of your intentions for estate distribution.

Estate Settlement in the absence of a Will

If you do not leave behind a Will, the Court will appoint the administrator for your estate. It is usually the next of kin and in cases involving minors, at least two administrators will be appointed. The downside of passing away without a Will is that creditors of your estate may seek to administer your estate or the administrator appointed by the court may not be a suitable candidate to manage your estate. Additionally, the settlement process may be longer and costlier.

After obtaining the letter of administration, the administrator will distribute your estate according to the Intestate Succession Act, or the Inheritance Certificate for Muslim individuals. Consequently, disputes may arise when the beneficiaries are dissatisfied with the distribution outcome, further delaying the settlement process.

Potential challenges and complications may arise when an individual passes away without a Will. Therefore, it is crucial to make plans for your estate to avoid burdening your loved ones after your demise.

To raise awareness of the importance of Will Planning, Summit Planners are running monthly Will Planning seminars to encourage the members of the public to take action to ensure that their affairs are well taken care of after their demise.

Click here for more information on the Will Planning Seminars.

About Summit Planners

“Summit Planners is committed to redefining the way individuals approach estate planning and make estate planning simplified and understandable.”

Summit Planners is an organisation specializing in comprehensive estate planning solutions. With a team of seasoned professionals, we are dedicated to helping individuals and families secure their financial legacies for generations to come.

At Summit Planners, we strive to provide our clients with customised solutions from our suite of services to match the size of their organisation and ambitions. From sole proprietorships to corporations and individuals to families, their trust in our services and partners has enabled us to grow from strength to strength.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/summit-planners-estate-settlement-with-and-without-a-will-302262013.html

SOURCE Summit Planners Pte. Ltd.

Related Topics:
Continue Reading

Technology

Melody Party Offers Over 20,000 Songs and Adds More Than a Thousand New Tracks Monthly, Enhancing Its Online Karaoke Experience

Published

53 minutes ago

on

October 27, 2026

By

SEOUL, South Korea, Oct. 27, 2026 /PRNewswire/ — Melody Party is a music social app featuring a variety of activities, including Mic Grab, Artist Mafia, and Singing Battle. Through its online karaoke feature, SING A SONG, the app brings the traditional karaoke experience online, removing time and location constraints and offering a music experience that combines real-time singing with social interaction.

SING A SONG features an extensive library of more than 20,000 songs, with over a thousand new songs added every month. Its diverse selection includes popular K-pop tracks, classic Korean songs, and karaoke favorites. The feature offers a free-use model, allowing users to start singing their chosen songs without paying a separate fee. This helps reduce the time and cost associated with visiting traditional coin-operated karaoke venues, making it easier to enjoy singing as part of everyday life.

In terms of functionality, SING A SONG supports pitch adjustment and independent volume controls for vocals and accompaniment, allowing users to customize their singing experience according to their preferences. Users can also create online karaoke rooms, invite friends to sing together in real time, and enjoy voice chat and social interaction.

By continuously expanding its song library and offering diverse music-based interactive experiences, Melody Party continues to strengthen its music ecosystem. Through SING A SONG, the platform aims to create an accessible, highly interactive online music social space.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/melody-party-offers-over-20-000-songs-and-adds-more-than-a-thousand-new-tracks-monthly-enhancing-its-online-karaoke-experience-302920097.html

SOURCE Melody Party

Continue Reading

Technology

Drawing new strength from 20-year legacy, IAACA calls on global counterparts to join annual conference to fortify integrity

Published

53 minutes ago

on

October 27, 2026

By

MARRAKECH, Morocco, Oct. 27, 2026 /PRNewswire/ — The International Association of Anti-Corruption Authorities (IAACA), an independent and non-political anti-corruption organisation with over 190 member anti-corruption authorities (ACAs) worldwide, will co-host IAACA Annual Conference 2026 in Marrakech, Morocco next month together with the Independent Commission Against Corruption of Hong Kong, China (ICAC) and the National Authority for Probity, Prevention and Fight Against Corruption of Morocco (INPPLC) to chart a path for the global graft fight and explore cutting-edge approaches to tackle emerging corruption challenges.

Themed “Building on 20 Years of Legacy: Drawing Strength from the Past, Guarding Global Integrity for the Future”, the international event will not only mark the 20th anniversary of the IAACA, but also provide a dynamic forum for IAACA members to exchange insights and enhance co-operation.

Calling on international counterparts to participate in the conference scheduled for November 25, IAACA President Mr Woo Ying-ming, who also serves as ICAC Commissioner, said that “As the IAACA marks its 20th anniversary, the conference will bring together global anti-corruption community at a pivotal moment for collective action. I anticipate that the valuable insights and new approaches generated through the international synergy will chart a resilient strategic path for us to navigate integrity risks and draw strength from our shared legacy to guard global integrity for generations to come.”

During the conference, renowned international experts from the United Nations Office on Drugs and Crime (UNODC), Basel Institute on Governance, the International Anti-Corruption Academy, and global anti-corruption and law enforcement agencies and institutions will shed light on harnessing artificial intelligence in the fight against corruption, safeguarding integrity within global climate and biodiversity frameworks and analysing global corruption measurement and systemic effectiveness.

Following the conference, the ICAC, the INPPLC, the IAACA and the UNODC will co-organise a training seminar on leveraging AI in combating corruption.

While the ICAC and INPPLC will share how AI and new technology can reshape the future of anti-graft enforcement and corruption prevention, the UNODC will provide a global perspective on using AI models in financial crime investigations and addressing the operational relevance, legal robustness and adaptability across jurisdictions.

For details of the conference and training, please visit:
https://www.icac.org.hk/icac/iaaca-morocco-2026/index.html

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/drawing-new-strength-from-20-year-legacy-iaaca-calls-on-global-counterparts-to-join-annual-conference-to-fortify-integrity-302920101.html

SOURCE International Association of Anti-Corruption Authorities (IAACA)

Continue Reading

Technology

Viettel moves 100 million subscribers to home-grown cloud-native charging in three months – with zero downtime

Published

53 minutes ago

on

October 27, 2026

By

HANOI, Vietnam, Oct. 27, 2026 /PRNewswire/ — Viettel High Technology Industries Corporation (Viettel High Tech), part of Viettel Group, has migrated more than 100 million subscribers and some 5,000 tariff plans at Viettel, Vietnam’s largest mobile operator, to vOCS 4.0, its in-house cloud-native charging system. The three-month cutover ran on a live national network with no service disruption.

Replacing a charging system is one of the riskiest projects an operator can undertake, which is why many stick with legacy platforms. Viettel High Tech reduced the risk through real-time data synchronization, parallel running and a phased cutover, with instant rollback at every stage.

The project won the Telecom Review Excellence Awards 2026 prize for Best Technology Deployment in Asia, a first for a Vietnamese company.

What it means for operators:

Scale: more than 300,000 transactions per second at latency below 5 milliseconds, across 2G–5G and fixed services on one platformLower cost: up to 50% less hardware investment than the previous generation, by sharing infrastructure with the networkAgility: new tariff plans in hours instead of days, new features three times faster and deployments about 30% fasterResilience: two active data centers about 2,000 km apart and automatic recovery in under two minutes

Viettel High Tech developed every core layer in-house, from a telecom-grade cloud-native platform and NFV-MANO orchestration to real-time charging, subscriber and balance management.

“Passing rigorous tests of real-time self-diagnosis and self-recovery is what allows an operator to keep its promise of 24/7 service to customers,” said Luu Manh Ha, CEO of Viettel Networks, which operates the system on Viettel’s network in Vietnam. “Above all, owning the charging system means an operator is not dependent on foreign vendors – it safeguards digital sovereignty and preserves business flexibility.”

“The charging system is where an operator’s business strategy turns into revenue in real time,” said Nguyen Minh Quang, CEO of Viettel High Tech. “We believe vOCS 4.0 is ready to help operators worldwide capture the value of 5G and digital services.”

In 2017, vOCS 4.0’s predecessor, vOCS 3.0, replaced a foreign vendor’s platform for 90 million Viettel subscribers. Across both generations, vOCS serves more than 220 million subscribers in 11 countries. Viettel High Tech now offers vOCS 4.0 to operators worldwide.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/viettel-moves-100-million-subscribers-to-home-grown-cloud-native-charging-in-three-months–with-zero-downtime-302920106.html

SOURCE Viettel Group

Continue Reading

Trending