As people age, one of their greatest fears is being neglected after they have distributed their wealth to their heirs. Unfortunately, many elderly individuals in Malaysia find themselves in situations where they have given away their assets but receive little to no care in return. So, how can this be prevented? Here are some practical...
Estate planning ensures that your estate is distributed according to your wishes, but what happens if both you and your beneficiary pass away at the same time? This situation, often arising from accidents or disasters, can create legal uncertainty in determining who inherits the estate. The Legal Presumption of Survivorship Under Malaysian law, the...
Estate planning is a crucial process to ensure your loved ones are cared for and your assets are distributed according to your wishes. However, deciding between a simple will and a trust can be confusing. By answering these five questions, you can determine your specific needs and make an informed decision. Question 1: Do...
When you purchase life insurance, ensuring that your loved ones receive the payout as intended is critical. However, the smooth distribution of the payout depends on the type of nomination you choose. Let’s explore the different types of nominations and how they affect the distribution of your insurance payout. Making a Nomination in Malaysia...
The sudden passing of Taiwanese celebrity Barbie Hsu (Da S /大S) has raised important questions about inheritance and estate planning. Previously, we discussed who would gain guardianship of her children in our article: Who will become the legal guardian of the children now that Barbie Hsu has passed away? Now, let’s explore how inheritance works...
The sudden passing of Taiwanese celebrity Barbie Hsu (Da S /大S) has sparked discussions about the legal guardianship of her two children. She had two children with her ex-husband, a Chinese businessman, while residing in Taipei, Taiwan, with her current husband, a Korean celebrity. This complex family dynamic raises a crucial question: Who will become...
Mr. Lim, a retiree, recently decided to draft a will to ensure his assets are distributed according to his wishes. He appointed his trusted friend, Mr. Tan, as the executor of his will and asked his neighbour, Mrs. Lee, and his niece, Emily, to act as witnesses. However, Mr. Lim is unsure whether it’s necessary...
A client recently asked us, “My father recently recorded a video outlining how he wishes to distribute his estate among the family. Can this video be recognized as a valid will?” In today’s digital era, such questions have become increasingly common. However, estate distribution involves more than expressing personal wishes—it must adhere to legal requirements....
Planning for your family’s financial future is more than just naming nominees in your insurance policy. It’s about ensuring the funds are managed wisely, especially during uncertain circumstances. An insurance trust provides that safety net. How Does an Insurance Trust Work? An insurance trust is to appoint a trustee to manage the payout from...
Thinking about the future can feel overwhelming, but planning ahead is one of the best ways to protect your loved ones and secure their financial well-being. Trusts are an incredibly versatile tool to help manage and distribute your wealth, safeguard your children’s inheritance, and make sure that your assets are used responsibly. In Malaysia, there...
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