By the time most people talk to me about insurance, they’ve already made a decision: they’ve bought a policy, they’ve named someone as a beneficiary, and they feel relieved. Done and dusted. But here’s what I always ask: “If something happened to you tomorrow, are you confident the money will be used the way you...
Case Analysis: Alan and Brenda are considering whether to transfer their property to their adult children during their lifetime or via a will. Below is a concise comparison of the differences, potential impacts, and practical considerations under Malaysian law: Category Lifetime Transfer Transmission via Will Control & Ownership • Immediate transfer of full ownership to children • Children...
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...
Many people believe that writing a Will on their own and simply letting their children manage everything later is good enough. After all, it seems like a straightforward matter—just state who gets what, and it’s done. But what many don’t realize is that this approach can come with serious legal and emotional consequences, especially in...
In real life, I’ve heard too many people say, “We’re already divorced—there’s no way he (or she) can inherit anything from me.” But the truth is, what you assume to be “automatically invalid” has no standing in the eyes of the law. Especially when it comes to your EPF (Employees Provident Fund) and Estate Distribution...
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...
Have you ever wondered how many Malaysians have no idea what would happen if a joint property owner passes away? In reality, there are many implications to consider from different perspectives, including legal and financial aspects. Case Study: Alan & Brenda – Joint Property Owners Alan and Brenda jointly purchased a property. If Alan passes...
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...
Warren Buffett just shared something important in his latest letter to shareholders – he talks about his Will with his children before signing it. This is very different from what most Asian parents do. Many don’t tell their kids about their Will, thinking it will cause family fights or bad luck. Some believe if they...
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