Should I choose an Individual Executor or a Trust Company to EXECUTE my estates?

A story for you to ponder… Peter is a businessman who knows very well the importance of having a Will. What he disagrees with is to appoint a trust company to become his executor because he does not believe in 3rd parties handling his estates. Besides, he deems that the charges are high.  So heContinue reading “Should I choose an Individual Executor or a Trust Company to EXECUTE my estates?”

Procedure required when death occur without a Will

Do you know that all the deceased’s estate will be frozen upon death? This includes all liquid and illiquid assets. What will be the next steps family members need to do to unlock the estates? First, family members have to determine the size of the estates. If the gross value of the deceased’s estate isContinue reading “Procedure required when death occur without a Will”

Do you have enough to retire?

Covid 19 have change everyone’s life. Our daily life have to pause to give way to this Covid 19 pandemic. Same goes to our saving. For those elderly who save their money mostly in fixed deposits, they are having a tough time because of the reduce interest rates. Employers suffer due to unable to operateContinue reading “Do you have enough to retire?”

Life after retirement and why do we need to plan ahead.

When an individual falls into retirement age, it would means that no more consistent income coming into our bank account every month. Have you ever wonder how’s life will be after reach retirement age ? Is been human nature that we always look forward for a better tomorrow. We visualized great things and events thatContinue reading “Life after retirement and why do we need to plan ahead.”

7 reasons why you need Insurance in Estate Planning

Insurance is vital to blend in into your estate planning as it serve plenty of benefits. Insurance can make a small estate becomes big and protecting an estates which is larger in value. Besides, insurance can serve as an immediate funds used to payoff various expenses and debts. Why do we need immediate fund whenContinue reading “7 reasons why you need Insurance in Estate Planning”

Why do we need an estate plan

Wealth distribution There’s a saying that ‘We born with nothing and we leave with nothing.’ But fortunate enough, during the lifetime, every individuals in this world do create and accumulate some form of wealth before they leave the world. True enough that when leaving the world, no one able to bring along the wealth theyContinue reading “Why do we need an estate plan”

When a business partner exit the business unexpectedly

When a business is formed with friends, there’s when we need to take an extra steps to protect our shares for the benefit of our family members. Why do I need to do so? Write a Will and transfer the share to my next of kin. That’s all I need to do, isn’t it ?Continue reading “When a business partner exit the business unexpectedly”

Estate planning tips for parents with young children

As a parents we have a huge responsibilities towards our family. Our children depends on us to guide them along different stages of life, give them support mentally and financially. Parents would like to seem their children grow, further study in university, get married and have children. Sometimes in reality, what we often hope andContinue reading “Estate planning tips for parents with young children”

How to manage money wisely

Money is use to meet our emotional and psychological desires. Money provide certainty and security to our day to day life. We live our life more significance with money. Without money life can be miserable and out of control. As such, we shall manage our money wisely in order for the money to continue toContinue reading “How to manage money wisely”