When I first read Die with Zero by Bill Perkins, it challenged everything I believed about money. Instead of saving endlessly, he suggests spending wisely while we’re alive to enjoy life, rather than leaving behind unused wealth. At first, it sounded reckless—shouldn’t we save for the future? But then I realized: enjoying life and smart...
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...
Many people have concerns about the validity of their will if their estate planner has passed away, the will company ceases to exist, or the law firm closes down. Fortunately, the validity of your will is not impacted by such circumstances. In this article, we will explain why your will is still valid, why it’s...
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...
I sat down in my reading room and picked up The 7 Habits of Highly Effective People by Stephen Covey while sipping a cup of coffee. I came across an interesting philosophy from his book: a farmer kills the goose that lays golden eggs in an attempt to get all the eggs at once, ultimately...
We often hear our parents tell their friends or relatives, “If I pass away, I’ve already told my sister to take care of my son.” But do we really understand what guardianship means, the role it plays, and what factors we need to consider when appointing a guardian for our children? First, let me explain...
A lot of us take loans to buy houses, cars, or invest in something, right? It’s normal because loans help us grow our assets faster. But here’s the thing—many people only think about passing their assets to their family and forget about the debts that come with them. If you don’t plan properly, this could...
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....
What Is a Residuary Clause? Residuary clause is a clause in a Will that allows the testator to dispose of the remaining assets under the estate that are not specifically provided for in the Will. It ensures these “leftover” assets are distributed according to the testator’s wishes. While drafting a will may seem straightforward, many...
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