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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 ?…
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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 and…
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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 to…
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Guides to create an Estate plan
In every steps we made, we need a plan. The same applies to estate planning. Do you have a well defined objective for your estate plan ? What is your final wishes ? What kind of wealth do you intend your next of kin to inherit ? Do you want to leave behind vital family…
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How to create Emergency Savings
A survey done by RinggitPlus Malaysian Financial Literacy Survey (RMFLS 2020), 53% revealed that they would not able to survive more than 3 months if they lose their jobs. What’s more alarming is that 60% of respondents age 35 and below said they would not be able to survive longer than 3 months if they…
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Famous people who died without a Will in year 2020
During their lifetime, these celebrities might not have something in common but after demise, they all have things in common, which is they all died without having a Will. This means that the court will help them decide who gets what. The court will decide who shall take charge to manage and distribute their estates.…
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Saving for our kids education. Why do we need to do so ?
Are we able to assure that money is always with us when we need it the most ? Money is something that would come and go. A wealthy person today may lost part of the wealth due to economic crisis, just like Covid-19 pandemic. In fact, economic crisis do happened. What’s our concern is, do…
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Why setting up a Trust may make sense to you even though you are not celebrities
A Trust enable your heirs to avoid probate and gain faster access to the inheritance. Besides it can act as a tools to manage your finances while alive and after the demise. One should consider setting up a Trust on top of their Will. Yet many people have misconception that Trust is only meant for…
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How much does it cost to Write a Will ?
This is the question many would ask when they intend to write a Will ? Now, let’s reverse the question. What is the fees you expect to pay when you plan to write your Will ? Few hundreds, few thousands or more ? How to measure the charges ? Let’s say your net worth is…
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Do you have a contingency plan for your business succession ?
A study showed only 30% of family owned businesses survived into second generation, 12% survived into the third and only about 3% of them survived into third generation and beyond. How much have you done for your own company business succession ? For business owners, challenges do come in day in and day out. Decision…
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Map Out Your Legacy 