Trusts and Estate Planning

Looking into investments and stuff after my installment deposit matured last month brought me to consider VUL, and other investment vehicles. This led me to trusts and estate planning.

Based from what I've heard and read, investments in the banks, or any usual financial company is a bit of a problem when planning for an estate. Not to mention the taxes that can be slapped on any property or whatnots. I thought about looking for other ways to invest, be able to maximize whatever I have saved, be protected from big tax and make it easy to manage the things financially. It may sound a bit off-the-culture from where I come from but I really have to do something for the future even though I think I will live like an old-lady for a while. ^^ (Definition of an old lady: reads books, watches TV, does some gardening, yoga, swimming, and some volunteer work but still have a regular passive income without needing to be in a government's welfare.)

Why am I thinking about these? I'm trying to look fast forward to the old age and what lifestyle I'd want to live. Not like some people I know who seemed to have not thought about it. I may have opted not be regularly employed but that doesn't mean that I will not be preparing for my own retirement in a decent way.

So going back to what I've learned from my online research.

1. Try to or change my financial trading account to an ITF so it will be less complicated to change some later on if it was meant for my son anyway. If ever the age expires on it, I can change it to a joint account later on.

2.  Invest in MP2 or something like it in Pag-ibig or flexi-something in SS. Between the two, I think I'll opt for the Pag-ibig one. I have better trust with them than SSS.

On that note, no. 3.
Adjust my SSS amount but not maximum. I considered this one a bit for a while but after reading more, I've learned that it will be better if I do that later on. Although, I'll have to look into it more. It's just hard to deal with the government websites now but hopefully, things will be better in the near future.

I still haven't wrapped up my remittance route until now. Even if I have some dough, I don't know how to move it and to let it grow.

I have to figure it out soon before the exchange rates get worse.

For future notes:
Laws on Inheritance in PH
Comparison on Health Insurance