Blog - Page 2 of 12

Probate & Estate Administration WillDecember 2, 2024by Chelsia Liew“Executor Duties 101: Will You Have to Pay Estate Debts Out of Your Own Pocket?”

Taking on the role of executor? You are probably wondering about some key responsibilities, like handling debts. No worries—let’s walk through the essential points step-by-step to make everything clear. What Happens if There’s More Debt Than Assets? An estate is deemed ‘insolvent’ when its debts exceed its assets. In such cases, the estate’s assets...

Special Needs FamilyNovember 25, 2024by William WongWhat are the estate planning strategies for families with special needs children?

Recently, I met with a single-parent family with a 13-year-old son and a 10-year-old daughter. The daughter was diagnosed with Fragile X syndrome, which affects her brain development and learning abilities. The family has RM100,000 in cash, two life insurance policies for the children, and a terrace house where they live. The mother wishes to...

WillNovember 25, 2024by Kai Xin YeohIs My Father’s Will Still Valid If We Cannot Locate the Witness?

“My father passed away, and I’ve been appointed as the executor of his Will. However, I cannot locate the witnesses who signed the Will. Does this mean the Will is invalid? Can I still apply for a grant of probate?” This is a common dilemma faced by many, and it brings up important questions about...

Guardianship Trust WillNovember 18, 2024by Kai Xin YeohHow to Ensure Your Chosen Guardian is Financially Supported?

Appointing a guardian in your will is essential, but have you thought about how they’ll manage the costs of raising your child? While many people are willing to step in as guardians, raising children is expensive, and without proper financial support, even the most capable guardian might struggle. So, how can you ensure your chosen...

Funding & Debts CancellationNovember 18, 2024by William WongIs it sufficient to use a Will as our estate planning tool?

When assisting clients with their estate planning, we first study the client’s background, assets, and liabilities in detail. I recently met a client who is a successful businessman and investor. He has built a portfolio consisting of stocks, cryptocurrencies, and properties worth over RM3 million, plus RM500,000 in cash. Despite accumulating such personal wealth, he...

Insurance & EPF WillNovember 11, 2024by Chelsia LiewCommon Myths of EPF Nominations and Estate Planning

Myth 1: “If you don’t name any beneficiaries in your EPF accounts, your family members won’t be able to access the funds.” Many people believe that if they fail to name a beneficiary for their EPF (Employee Provident Fund) account, their family members won’t be able to access the funds. Truth: In the event of...

WillNovember 4, 2024by Chelsia LiewWhy You Should Let Professionals Keep Your Will ?

The Hidden Dangers of Self-Storage Most people think that once a will is signed, they can safely store it at home or in a private, secure area. Unfortunately, there are a several hazards associated with this that are often overlooked: Misplacement or Loss: Wills can easily be lost or misplaced, especially if they are...

Insurance & EPF TrustOctober 28, 2024by Finex & CoFrom Insurance to Trusts: A Wealth Protection Plan for Single Parent

Question: Hi, I’m divorced and living in my condominium in Puchong with my 3-year-old child. I work in Singapore and travel back to Malaysia twice a month. My sister takes care of my child while I’m away, as my ex-husband does not provide any care. If I pass away, how can I...

WillOctober 21, 2024by Finex & CoWhat happens to outstanding debts after a loved one passes away?

Mr. Lim recently lost his father, who left behind an outstanding housing loan of RM500,000. As the sole beneficiary named in the will, Mr. Lim is worried. He wonders, “Will I have to take over my father’s housing loan? Can the bank continue charging interest on the outstanding amount after my father’s death?” These are...

Probate & Estate AdministrationOctober 21, 2024by Finex & CoMy husband passed away without a Will, what should I do?

Question: “My husband has passed away recently, and we did not write a Will before. We have no children. My husband has some savings, investments, and one property which is under his own name.” Answer: In this scenario, your husband is said to have died intestate. His estate will be distributed according...

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Probate & Estate Administration WillDecember 2, 2024by Chelsia Liew“Executor Duties 101: Will You Have to Pay Estate Debts Out of Your Own Pocket?”

Special Needs FamilyNovember 25, 2024by William WongWhat are the estate planning strategies for families with special needs children?

WillNovember 25, 2024by Kai Xin YeohIs My Father’s Will Still Valid If We Cannot Locate the Witness?

Guardianship Trust WillNovember 18, 2024by Kai Xin YeohHow to Ensure Your Chosen Guardian is Financially Supported?

Funding & Debts CancellationNovember 18, 2024by William WongIs it sufficient to use a Will as our estate planning tool?

Insurance & EPF WillNovember 11, 2024by Chelsia LiewCommon Myths of EPF Nominations and Estate Planning

WillNovember 4, 2024by Chelsia LiewWhy You Should Let Professionals Keep Your Will ?

Insurance & EPF TrustOctober 28, 2024by Finex & CoFrom Insurance to Trusts: A Wealth Protection Plan for Single Parent

WillOctober 21, 2024by Finex & CoWhat happens to outstanding debts after a loved one passes away?

Probate & Estate AdministrationOctober 21, 2024by Finex & CoMy husband passed away without a Will, what should I do?

January 20, 2025Why We Shouldn’t Miss Life Insurance When It Comes to Estate Planning.

January 20, 2025Do Executors and Witnesses Need to Know the Content of Your Will Before You Die?

January 13, 2025Can I Use a Video to Distribute My Estate?

January 13, 2025The Crucial Role of Residuary Clauses in Wills: What You Need to Know?

January 6, 2025Terms of Endearment: Power of Personal Touch in Estate Planning

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