Another important component of your money checklist is the distribution of your assets and possessions. You need to create a will, and do a CPF Nomination to avoid potential doubts or even conflicts within the family.
You can consider purchasing sufficient life insurance, which can also act as a cash asset, giving you greater flexibility in leaving your properties, investments or businesses to those who need it more or can manage it better in your family.
Beyond this, you should also consider leaving clear instructions pertaining to your end-of-life care by creating an Advance Medical Directive, in the event you are incapacitated or unable to make such decisions. You should also consider making a lasting power of attorney, appointing the people you trust to act on your behalf pertaining to your Personal Welfare & Property Affairs in the event you lose your mental capacity.