Finex & Co, Author at Finex&Co

Estate Planning for Different Stages in Life – Stage 2: The Sandwich Generation

Case Studies Funding & Debts Cancellation WillFebruary 12, 2024by Finex & CoEstate Planning for Different Stages in Life – Stage 2: The Sandwich Generation

Peter (45 years old): “My monthly income is between RM10-15k. The assets I currently own are bank accounts, 2 houses, cars, investments and EPF. I have liabilities of around RM1 mil (mortgages & car loans).” For individuals with financial commitments and dependents, prioritizing comprehensive protection is essential. In addition to addressing basic life insurance coverage...

Case Studies Funding & Debts Cancellation WillFebruary 5, 2024by Finex & CoEstate Planning for Different Stages in Life – Stage 1: Young & Free

Ivan (Below 30 years old): “My monthly income is between RM3-5k. The assets I currently own are bank accounts, a car and EPF. I have liabilities of less than RM100k (credit card debt, PTPTN & car loan).” Financial Protection Measures Medical Coverage: Obtain personal medical insurance coverage, estimated to be less than RM300 per...

Insurance & EPFDecember 11, 2023by Finex & CoCan a Will override the nomination under my EPF account?

Who Can Nominate? According to Section 54(1A) of the Employees Provident Fund Act 1991, any member of the Fund may make nomination for the purpose of payment of credit after the death of the member. The nomination can be made by members by completing the EPF Form 4 and submitting it at any EPF branches nationwide,...

Case Studies Guardianship Trust WillNovember 20, 2023by Finex & CoEffective Estate Planning Strategies for a Young Family

Mr Tan: “I have an outstanding mortgage loan of RM500k. I’m married with 2 children age 3 & 6 this year and my wife is not working. We don’t have any other loan. The assets that I currently own are bank accounts, shares investment, a joint-name property with my wife. Each of us have EPF...

WillNovember 6, 2023by Finex & CoGeneral Will Writing FAQ

What is a Will and why is it important? A will is a legal document that outlines how a person’s assets and estate should be distributed after their death. It’s crucial to ensure your assets are distributed as per your wishes. p/s There is no centralized system in Malaysia for your beneficiaries to check the...

How do you ensure your illegitimate child will receive a portion from your estate without the knowledge of your current partner?

TrustOctober 13, 2023by Finex & CoHow do you ensure your illegitimate child will receive a portion from your estate without the knowledge of your current partner?

Estate planning involves making decisions about how your assets will be distributed after your passing. Ensuring that your loved ones, including children, are taken care of is a primary concern. However, when complexities arise due to unconventional family situations, such as having an illegitimate child while in a committed relationship, navigating the legal and ethical...

TrustOctober 6, 2023by Finex & CoHow do you ensure you pets receive proper care when you’re gone?

Pets bring joy, companionship, and unconditional love to our lives. As responsible pet owners, it’s our duty to ensure that they are well-cared for, not just during our lifetime, but also after we’re gone. Just as we plan for the well-being of our human family members through wills and trusts, it’s essential to have a...

WillOctober 2, 2023by Finex & CoEnforcing Your Will

Creating a Will stands as one of the most crucial actions you can take to ensure that your estate provides for your loved ones after your passing. In principle, you have the option to jot down your Will on a scrap piece of paper, as long as it is properly signed and witnessed by two...

WillSeptember 29, 2023by Finex & CoOn what grounds can a Will be challenged?

The creation of a Will is a crucial element of estate planning, allowing individuals to specify how their assets should be distributed after their passing. However, the legal validity of a Will can be subject to scrutiny and challenge under specific circumstances. Understanding the grounds on which a Will can be contested is essential for...

WillSeptember 26, 2023by Finex & CoAre your digital assets inheritable by your next-ofkin?

Are your digital assets inheritable by your next-of-kin? Lets start by defining what are digital assets and how is it different compared to physical assets. Digital Assets basically are your cryptocurrency, NFTS, instagram, twitter or facebook accounts and so on. However, digital assets are not the same as your physical assets as all you need...

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Knowledge you should grab

Case Studies Funding & Debts Cancellation WillFebruary 12, 2024by Finex & CoEstate Planning for Different Stages in Life – Stage 2: The Sandwich Generation

Case Studies Funding & Debts Cancellation WillFebruary 5, 2024by Finex & CoEstate Planning for Different Stages in Life – Stage 1: Young & Free

Insurance & EPFDecember 11, 2023by Finex & CoCan a Will override the nomination under my EPF account?

Case Studies Guardianship Trust WillNovember 20, 2023by Finex & CoEffective Estate Planning Strategies for a Young Family

WillNovember 6, 2023by Finex & CoGeneral Will Writing FAQ

TrustOctober 13, 2023by Finex & CoHow do you ensure your illegitimate child will receive a portion from your estate without the knowledge of your current partner?

TrustOctober 6, 2023by Finex & CoHow do you ensure you pets receive proper care when you’re gone?

WillOctober 2, 2023by Finex & CoEnforcing Your Will

WillSeptember 29, 2023by Finex & CoOn what grounds can a Will be challenged?

WillSeptember 26, 2023by Finex & CoAre your digital assets inheritable by your next-ofkin?

November 18, 2024How to Ensure Your Chosen Guardian is Financially Supported?

November 18, 2024Is it sufficient to use a Will as our estate planning tool?

November 11, 2024Common Myths of EPF Nominations and Estate Planning

November 4, 2024Why You Should Let Professionals Keep Your Will ?

October 28, 2024From Insurance to Trusts: A Wealth Protection Plan for Single Parent

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