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Wondering how young parents should approach CPF nominations? In this discussion, Wei Rong explains why early planning is crucial, especially for families with young children, and how improper nominations can create unnecessary financial stress. 🎯 Key Takeaways: Why most CPF nominations are done by older adults, and why young parents should start early How leaving equal shares for minors can create issues with the Public Trustee The importance of prioritizing the caregiver’s share for daily expenses Adjusting CPF nominations as children grow to avoid future complications 👉 Want to ensure your CPF nominations protect your family effectively? Hit subscribe for more practical estate planning insights. 🔗 Follow us: Instagram: @elysium.advisory Website: linktr.ee/elysiumseminars Timestamps: 0:00 — Introduction 0:24 — Why young parents need to plan CPF nominations early 2:18 — Risks of equal nominations to minors 3:54 — Smart allocation strategies for young children #CPFPlanning #EstatePlanning #FamilyFinance #LegacyPlanning #SingaporeFinance #WealthManagement