When we write a Will, one of the important columns we need to key in is who shall we appoint as an executor. Executor responsibility is huge and if one fails to appoint the right executor, it may lengthen the process of the estate distribution and make the distribution become difficult. As an executor, youContinue reading “Obstacles Faced by Executor”
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How to plan ahead for your special child
Child is a parent’s most valuable asset. We always want to give them the best of what we have. For those parents with special kids, besides giving our best, they also need certain guidance, care and special attention. How should we plan for them if we are unable to hold their hands all the wayContinue reading “How to plan ahead for your special child”
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”
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”
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 familyContinue reading “Guides to create an Estate plan”
Is having an insurance enough to secure your family well being ?
Everyone knows that an insurance is a product which enable to protect us as well as our family financially in the event of derailed illness or if we kick the bucket. The concept is very easy. Insurance only protect us if we unable to work, retire, death and as a way to support our childContinue reading “Is having an insurance enough to secure your family well being ?”